$HPNN READ SHM UPDATE FROM MAY. THIS IS WHAT IS GO
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Hop-on Shareholder Meeting Update
Hop-on Identifies 170 OEMs and ODMs for IP Licensing
TEMECULA, CA--(Marketwired - May 20, 2014) - Hop-on, Inc. (OTC Pink: HPNN) (PINKSHEETS: HPNN) a global electronics OEM, is pleased to announce today that its shareholder meeting held on May 16, 2014 was a successful opportunity to interact with shareholders regarding recent developments. The format of the meeting allowed for an open and broad-ranging discussion to address Company progress and concerns.
The Company has put out several news releases in recent months, and the purpose of the shareholder meeting was to review the Company's positive developments and lay out the plans for its future.
The agenda items covered were
1. Update on the intellectual property royalty agreement with Microsoft.
2. Closing of the Company's first IPR deal with Teleepoch
3. Update on IPR negotiations with 12 Chinese and Taiwanese OEMs
4. Update on 170 companies Hop-on will be pursuing for licensing arrangements
5. Retirement of significant portions of Company debt
6. Plans for spin-off of Re-Medical subsidiary to fully reporting public BB company
7. CTO summarized Re-Medical's proprietary cannabinoid therapies and delivery technologies
8. Plans for Re-Medical IP licensing arrangements and operations in Colorado
9. Plans for USACig subsidiary
10. Plans for adjusting the capital structure of the Company, including dispelling false rumors of a pending reverse stock split
11. At the insistence of shareholders, Mr. Michaels addressed concerns regarding a stalker harassing him using different aliases on the Internet. Mr. Michaels acknowledged in response to shareholder concerns that law enforcement is investigating this individual. The shareholders were also informed regarding status of an extortion attempt by one internet poster earlier this year.
Peter Michaels, President of Hop-on stated, "I was pleased with our shareholder turnout at the meeting, and even more pleased about the positive response and outlook of our investors. I also appreciate the support from our shareholders."
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. Hop-on is also diversified in nutraceutical and cannabinoid technologies through its subsidiary Re-Medical, Inc. For more information, please visit www.hop-on.com and www.re-medical.com
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