LOS ANGELES, April 16, 2010 (GLOBE NEWSWIRE) -- Hop-on, Inc. (Pink Sheets:HPNN) (www.hop-on.com) announced today that it has established a new subsidiary company to hold all of its New Business Acquisitions and Mergers: Graffiti Partners.
Jay Pignatello, President of Hop-on, stated, "The Board recently agreed with our plan to establish independent and distinct revenue streams within Hop-on. Clearly, Hop-on has operated in telecommunications for several years – Graffiti Partners is the initial step in reviving this revenue stream. Hop-on with the subsidiary will be targeting MVNO's, Multi-Level Marketing Companies and various distribution channels to deliver its new and existing products.
About Hop-on, Inc.
Hop-on, Inc. (Pink Sheets:HPNN) offers multi-media services and has secured licensing agreements from essential patent holders for GSM, CDMA and WIFI technologies. Since its inception, known for developing the world's first disposable cell phone, Hop-on currently remains one of the few U.S.-based manufacturers of cellular technology. The Company also distributes The Electric Cigarette and the Electric Cigar.
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.