Pop N Go and Canalport Vending Sign Revenue Sharing Agreement 8/9/2004 9:31:57 AM
WHITTIER, CA, Aug. 09, 2004 (MARKET WIRE via COMTEX) -- Pop N Go, Inc. (POPN) and Canalport Vending Company, a Chicago based vending operator, have signed a revenue sharing agreement to place Pop N Go's award winning popcorn vending machines in locations operated by Canalport.
Canalport, founded in 1984, operates over 1000 vending machines in locations such as the Chicago Transit Authority, Chicago Park District Field Houses, City of Chicago buildings and Chicago public high schools.
Pop N Go will retain ownership of the popcorn machines and share the revenue with Canalport after deduction of certain operating expenses.
"We are pleased to be joining forces with such an experienced vending operator as Canalport. The first machines will be installed in Canalport locations during the week of August 16. This contract will enable Pop N Go machines to be placed in many diverse venues in the Chicago area," stated Mel Wyman, Pop N Go's CEO.
"Pop N Go's popcorn machines will be well received by our customers. These machines definitely bring a new element to the snack market and will allow Canalport to expand our presence in municipal, commercial, and retail locations. As experienced vending operators, we are very impressed with the quality of Pop N Go's machines and are looking forward to a rapid rollout," said Roscoe Jackson, Canalport's President.
For further information about this release and POPN, contact Mel Wyman at 562-945-9351 and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127.
About Pop N Go, Inc.
Pop N Go produces a unique hot air popcorn machine, capable of delivering single servings of fresh hot popcorn, which meets the demands of today's market. The company's self-contained equipment produces fresh popcorn for each customer while allowing the customer to watch the entire popping process. Pop N Go's machine is sized to fit almost anywhere (2'x2'), and can be used as a stand-alone vending machine or in a manual mode for traditional foodservice applications. Pop N Go's FlixStix Division produces the only single serving popcorn flavoring, which expands Pop N Go's brand into the home consumption market. More information about Pop N Go can be found at www.popngo.com.
Contact:
Mel Wyman
Pop N Go, Inc.
562-945-9351
Rich Kaiser
Yes International
800-631-8127 |
