[June 23, 2004] Hop-on to Release Audited Financials at Annual Shareholder Meeting IRVINE, Calif., June 23 /PRNewswire-FirstCall/ -- Hop-on, Inc. , the leading developer of disposable and fully recyclable cell phones and wireless accessories, today announced that it intends to release audited financials for the fiscal year ended December 31, 2003, when it holds its annual shareholders' meeting the week of September 20, 2004. In addition, the Company plans to file audited financials with the Securities and Exchange Commission for 2004. Dan Gannon, Chief Executive Officer of Hop-on, commented, "We look forward to meeting with our shareholders in person and updating them on the company's business plan, innovative new phones and accessories, global sales initiatives, and prospects for continued growth. The significant progress in our business, combined with the high level of interest we continue to see and analyst estimates, validates our belief that low priced handsets represent a very large market opportunity worldwide. Consumers are now comfortable with the pre-pay model and Hop-on is positioned to benefit from expected growth going forward." About Hop-on Hop-on is the developer and marketer of the world's first disposable, recyclable and contract free cell phone. Hop-on's CDMA phones, which provide a much-needed alternative to full service cellular contracts and prepaid calling cards, are recyclable, include a rechargeable battery and the capability to add on additional minutes. Hop-on is also marketing a GSM phone, which expands its product offerings for applications in various other global markets. Hop-on also designs, manufactures and markets a full line of innovative and attractively priced wireless accessories, which are compatible with handsets produced by the leading manufacturers. These accessories include wireless surveillance systems, wireless hands-free (RF) headsets, car chargers with pivoting heads and retractable cords, jeweled headsets, OEM faceplates, flashing batteries, and carrying cases, among other products. For more information, visit http://www.hop-on.com/. CONTACTS: David Pasquale, 646-536-7006, or Moon Lee, 646-536-7001 Both of The Ruth Group, http://www.theruthgroup.com/ This Company's news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, software functionality and capacity, timing of the commencement of operations and cash flow, and are indicated by words or phrases such as "anticipate," "estimate," "plans" and similar words or phrases. The following are among the principal factors that could cause actual results to differ materially from the forward-looking statements: general business and economic conditions in the Company's operations, including the rate of inflation, population, employment and job growth rate, the pricing pressures and other competitive factors and issues arising from year 2000 information technology issues. Consequently actual events and results may vary significantly from those included in or contemplated or implied by such statements. Hop-on, Inc. CONTACT: David Pasquale, +1-646-536-7006, or Moon Lee, +1-646-536-7001,both of The Ruth Group for Hop-on, Inc. Web site: http://www.hop-on.com/ [ Back To TMCnet.com's Homepage ]