Hop-on, Inc. (OTC Pink: HPNN) (PINKSHEETS: HPNN) a global electronics OEM, is pleased to announce today that a new office has been opened in Shenzhen, China with support staff in response to the overwhelming business opportunities for products being produced and shipped to US and European markets under Hop-on's intellectual property rights.
Local support is being provided to the Chinese OEMs to handle distribution of some or all of the units sold through Hop-on. Royalties will be paid per unit sold in the U.S. and Europe to Microsoft and other IPR holders where appropriate.
Peter Michaels, CEO of Hop-on, stated, "There are billions of dollars of unlicensed telecommunications, computing, and smart devices being sold every month in the US and Europe. Most of the companies producing and distributing these products don't want worldwide licensing deals because of the impact it would have on their domestic distribution channels. Hop-on's negotiated IPR agreements allow us to provide custom tailored solutions to these complex issues."
The new office is located at Room 308, BLD A, Unisplendour Information Harbor, Hi-Tech Park North, Nan Shan District, Shenzhen, Guangdong, China, 51800
ABOUT HOP-ON, INC.
Hop-on, Inc. is a global ODM and OEM manufacturer of electronics, based in the United States. Over the past 20 years, Hop-on has successfully secured essential patents for mobile communications and computing technologies, and is respected for developing the world's first disposable cell phone. Hop-on's focus on smartphones and innovative mobile device applications is bringing cost friendly solutions to today's demanding world market. For more information, please visit www.hop-on.com
This press release contains forward looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the company's plans to change and are in no way intended to guarantee that the company will be successful in executing its plans. Hop-on, Inc. common stock currently trades on the over-the-counter "Pink Sheets" under the symbol HPNN. This press release in no way constitutes any recommendation regarding the securities of HPNN or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of HPNN, and no inference has been made that this release contains all such information.
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SOURCE: Hop-on, Inc.