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Technology Stocks : Hop-On board. HPON

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To: Savant who started this subject11/13/2002 2:13:54 PM
From: Harry_Behemoth  Read Replies (1) of 68
 
November 13, 2002 14:03

Hop-On Signs Deal With Top Tier National Carrier

Agreement Gives Hop-On Premium, National CDMA Network Coverage

IRVINE, Calif., Nov. 13 /PRNewswire-FirstCall/ -- Hop-On, the leading developer of disposable and fully recyclable cell phones, today announced that it has signed an agreement with one of the nation's largest CDMA carriers. The agreement provides for prepaid airtime, nationwide roaming services and replenishments for Hop-On's disposable CDMA phones.

Peter Michaels, Chairman and CEO of Hop-On, commented, "This is a key element of our business strategy as it provides our customers with expanded high quality, nationwide coverage through one of the nation's largest wireless carriers. We continue to build momentum in our business and position Hop-On to benefit from the substantial domestic and international opportunities in front of us."

Michaels concluded, "We are establishing a whole new category in wireless communications. The market opportunity is quite substantial and we believe Hop-On will be a prime beneficiary."

About Hop-On

Hop-On (OTC: HPON) is the developer and marketer of the world's first disposable, fully recyclable and contract free cell phone. The Federal Communications Commission (FCC) approved Hop-On for the world's first CDMA disposable cell phone and it is officially licensed by QUALCOMM. Code Division Multiple Access (CDMA) is a digital wireless technology that was pioneered and commercially developed by Qualcomm. Hop-On's phone is a digital, single mode cellular handset that operates in the 800 MHz frequency band. Hop-On's CDMA disposable cell phone is fully recyclable and will offer a rechargeable battery and the capability to add on additional minutes.

CONTACTS:
David Pasquale, 646-536-7006, or Jim Olecki, 646-536-7021
Both of The Ruth Group, theruthgroup.com
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