Hop-On Inc (HPNN)

[trk116]

HPON: HOP-ON.COM, INC. Changes Name to HOP-ON, INC.; Board of Directors to Implement Reverse Split.
Link:
http://biz.yahoo.com/prnews/050509/dam054.html?.v=7

HOP-ON.COM, INC. Changes Name to HOP-ON, INC.; Board of Directors to Implement Reverse Split
Monday May 9, 3:29 pm ET


IRVINE, Calif., May 9 /PRNewswire-FirstCall/ -- HOP-ON.COM, INC., a Nevada corporation (HPON.PK) announced today that it will change its name from HOP- ON.COM, INC. to HOP-ON, INC. and that its Board of Directors recently voted to implement a 2,000:1 consolidation (i.e. reverse stock split) of the common stock.
In connection with the reverse split and name change, the trading symbol will change. For trading purposes, the name change and reverse split will become effective, subject to coordination with the NASD, at the opening of business on Wednesday, May 18, 2005.

Stockholders will be required to exchange their old certificates for new shares of HOP-ON, INC. Although shareholders will incur a $20 transfer fee for each new certificate issued, this represents half of the discounted transfer agent costs since HOP-ON is absorbing 50% of these expenses. Therefore, shareholders should submit their old certificates to the address below along with a check made payable to Integrity Stock Transfer in the amount of $20 for each new certificate issued.


Integrity Stock Transfer
2920 N. Green Valley Pkwy, Bldg 5 - Suite 527
Henderson, NV 89014
Telephone [phone]

Upon receipt of the new trading symbol from the NASD, the corporation will issue another press release that contains the new trading symbol. Further, the symbol change will be reported at http://www.nasdaqtrader.com under Daily List before the market opens on May 18, 2005.

About HOP-ON.COM, INC.

HOP-ON (OTC Pink Sheets: HPON - News) develops and markets wireless phones and accessories as well as wireless surveillance systems. Its product line includes the next generation CDMA2000 handsets designed by its Dallas R&D team as well as GSM/GPRS handsets. HOP-ON targets its phones to both emerging market carriers and other domestic carriers and resellers needing an entry level priced phone. In addition, HOP-ON offers a line of innovative and attractively priced wireless accessories for both HOP-ON phones and other leading manufacturers as well as affordable, wireless surveillance systems. HOP-ON is also known for developing the world's first disposable cell phone. It was an IS-95 CDMA phone that was sold to consumers with prepaid airtime and included the capability to add on additional minutes. For more information, visit http://www.Hop-on.com .


CONTACTS:
David Pasquale, 646-536-7006 or Abbas Qasim, 646-536-7014
Both with The Ruth Group, http://www.TheRuthGroup.com

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the Company's business and financial plans, strategies and prospects. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements made in this news release include market conditions and those set forth in any reports or documents that the Company may file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to the company or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.




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Source: HOP-ON, INC.