Hop-on Expands Via U.S.-Based Nicotine Products Manufacturer Acquisition
Last update: 7/14/2011 9:00:00 AM
TEMECULA, Calif., July 14, 2011 /PRNewswire via COMTEX/ -- Hop-on, Inc. (HPNN.PK) announced today it acquired USAcig, Inc. for preferred stock.
"Acquiring USAcig's assets puts Hop-on at the forefront of the electronic cigarette industry," said Peter Michaels, CEO of Hop-on. "This is yet another indicator of the company's commitment to assuring the continued success and profitability of its strong background in electronics and mass product distribution. We also anticipate working with OEM business opportunities to ensure the long-term success and viability of the industry."
About USAcig, Inc.
USAcig, Inc. is the only U.S.-based manufacturer making the actual nicotine cartridges/products in the U.S. The Electric Cigarette(TM) is an alternative to traditional tobacco products. It is a battery-powered device providing inhaled doses of nicotine by delivering vaporized water, propylene glycol, nicotine solution and other non-carcinogens. In addition to nicotine delivery, this vapor also provides a flavor and physical sensation similar to that of inhaled tobacco smoke, while no tobacco, smoke, or combustion is actually involved in its operation. USAcig, Inc. is a U.S.-based manufacturer of "The Electric Cigarette(TM)" and "The Electric Cigar(TM)." USAcig, Inc. manufactures its cartridges in the United States and the electronics are manufactured in China. USAcig, Inc. also has U.S.-based doctors on its board monitoring and supervising medical related issues or opportunities. For more information, visit .
About Hop-on, Inc.
Hop-on, Inc. is a leading international manufacturer of electronics. Since the company's inception, it has been known for developing the world's first $10 disposable cell phone. Today, Hop-on remains one of the few U.S.-based manufacturers of cellular technology. The Company currently develops and manufactures electronic cigarettes and cigars for distributors throughout the U.S. and internationally. Hop-on also offers multi-media services and has secured licensing agreements from essential patent holders for GSM, CDMA and WIFI technologies.
Forward-Looking Statements:
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
Hop-on: Danny Coleman 1-949-756-9008 Email Contact: contact@hop-on.com
SOURCE Hop-on, Inc.
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