IRVINE, Calif., Dec. 2, 2010 /PRNewswire/ -- Hop-on, Inc. has updated all financials and also posted a legal opinion to further explain the financials.
"This is improving shareholder transparency. The upward status improvement with Pinksheets is part of an overall strategy to improve and boost Hop-on's stock liquidity. The Current Information Status upgrade adds a buying security level, as well as confidence, for investors buying shares in Hop-on or any company, for that matter," said Peter Michaels, President.
Current Information Status is reserved for companies disclosing adequate, mainly financial, company information publicly that increases transparency, so investors can make informed decisions. According to Pink OTC Markets, in 2009, the average dollar volume per security, with Current Information Status, averaged $81,259,055. This compares to a $745,812 average amount per security with "No Information", as the posted information, which is a very substantial difference, according to Michaels.
Pink OTC Markets Inc. is a financial information and technology services company that operates the leading electronic quotation and trading system in the Over-the-Counter (OTC) securities market. The OTCQX and Pink Sheets marketplaces that they operate constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Pink Sheets technology platform provides a comprehensive suite of information products and trading services for OTC market participants.
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.
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.
Email Contact: contact(at)hop-on(dot)com
SOURCE Hop-on, Inc.