Sunday, February 12, 2006 6:18:37 PM
Subject: HOP-ON.COM, INC. COMPLETES NAME CHANGE & REVERSE SPLIT AND OFFERS WARRANTS TO SHAREHOLDERS
Date: Wed, 18 May 2005 15:44:48 -0400
Irvine, CA, May 18, 2005 - HOP-ON, INC. (OTC Pink Sheets HPNN, formerly
HPON). As previously announced on May 9th, the corporation's
stockholders approved a name change from Hop-on.com, Inc. to Hop-on, Inc. and
the corporation's board approved a reverse split of the common stock.
The corporation shall implement the reverse split of its common stock so
that every 2,000 shares of common stock are converted at the effective
time into 1 share of common stock; provided, however, that the
corporation shall issue one (1) full share of common stock to its stockholders
for any fractional interest remaining after conversion of all
outstanding shares.
Effective at the opening of trading on Wednesday, May 18, 2005, the new
ticker symbol will be HPNN and the number of authorized shares and the
par value of the corporation's capital stock shall consist of 5,000,000
shares of $.001 par value common stock and 10,000,000 shares of $.001
par value preferred stock.
The old certificates must be exchanged for new securities in HOP-ON,
INC. In most situations, if the owner previously deposited a certificate
with a brokerage firm, the exchange will be handled by the brokerage
firm. Although the stockholders will incur a $20 transfer fee for each
new common stock certificate issued, this represents half of the
discounted transfer agent costs since Hop-on is absorbing 50% of these
expenses. All registered stockholders should submit their old certificates to
the address below along with a check made payable to Integrity Stock
Transfer for $20 for each new common stock certificate.
Integrity Stock Transfer
2920 N. Green Valley Pkwy
Bldg 5 - Suite 527
Henderson, NV 89014
Telephone (702) 317-7757
Stockholders at the close of business on May 17, 2005 are also eligible
to receive new securities of the corporation in connection with the
reverse split. In addition to the appropriate number of shares of
post-reverse split common stock, the stockholders are eligible to receive one
Series A Warrant and one Series B Warrant for every new share of
post-reverse split common stock. The Series A Warrant gives the holder the
right to purchase one share of post-reverse split common stock directly
from the corporation at fifty cents per share on or before August 31,
2005. The Series B Warrant gives the holder the right to purchase one
share of post-reverse split common stock directly from the corporation
at ninety-five cents per share on or before October 31, 2005.
Stockholders at the close of business on May 17, 2005 should receive a mail
response card to request their warrants from ADP Issuer Services or
Integrity Stock Transfer.
About HOP-ON, INC.
HOP-ON (OTC Pink Sheets: HPNN) 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, www.TheRuthGroup.com
TRK
"Research and Share. Gather opinion before Decision."
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM