Hop-on signed LOI with Distributor whom has over 1.5 million customers projected revenues are over USD 50 Million
Hop-on will be reselling low rates to operators around the world to lower their roaming costs into South America and offering solutions for large US prepaid operators that all have customers roaming into Mexico.
TEMECULA, Calif., May 7, 2012 /PRNewswire/ -- Hop-on, Inc., (OTC: HPNN.PK) announced that a Letter of Intent for services to a major distributor of prepaid calling cards, SIM Cards and all local carriers services in Mexico and US Borders Cities with over 60,000 point of sale locations was signed.
This movement could position Hop-on Mobile to be the largest Mobile Virtual Network Enabler (MVNE) in Mexico. Hop-on will provide a proprietary billing platform, the ability to add airtime, request specific cities within Mexico area codes, administration and operations, support of base station subsystems and operations support systems and provision of back-end network elements.
These services work to enable mobile network services like voice & data connectivity. By eliminating the direct relationship with end-user customers, Hop-on is now providing the pivotal infrastructure and services that enable MVNOs to offer services and have a relationship with their own end-user brands. This ultimately creates customer loyalty and leaves the marketing and back-end functions to the Mobile Virtual Network Enabler (MVNE).
Peter Michaels CEO of Hop-on stated, "Our Master Distributor has over 60,000 locations around Mexico and has projections of over $50 Million in revenue. They will be targeting the local Mexican market that wants and needs a new solution. This deal gives a stronger position in the Mexican market."
Michaels went on to explain, "In connection with the successful launch of our MVNE program into the Mexican market, Hop-on Mobile Mexico is moving swiftly to address tourism safety. By providing international travelers with Hop-on phones, customers can utilize such technology for making calls to loved ones back home and as a business solution. Whatever the customers needs are in terms of the usage of our product, the ability to make the call and have cell reception and service is key.
"Today, the ability to make any traveler/customer feel safe to reach home and business associates when needed eliminates the majority of travelers concerns right off the bat. Hop-on's services also include our 911-E.com technology. This crucial service can assist travelers in contacting police and emergency responders when faced with accidents or criminal activity while traveling throughout Mexico and other international locations. This technology is just as it sounds. When needing to call 911 for emergency services, we have the E-technology platform that not only allows the traveler to reach emergency services, but their location will be tracked immediately. Imagine how our current home telephone services operate...if you call 911 and don't even say a word, emergency response systems are dispatched immediately and the location is identified. That is what we've created and are providing for tourists and travelers from the safety and comfort of their Hop-on mobile," Michaels said.
Current Hop-on customers traveling in Mexico should become familiar with the 911-E service provided and be sure 911-E service is provided in the area they are traveling in. Hop-on provides its 911-E service free of airtime charges. Even if users have used up all of their airtime, they are still protected with the ability to contact emergency responders.
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.
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