TEMECULA, Calif., July 14, 2011 /PRNewswire/ -- 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™ 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™" and "The Electric
Cigar™." 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 www.USAcig.com.
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.