Tuesday, January 19, 2010
HPNN - Going Parabolic In Late Afternoon Trade
HPNN issued press release just as lunch hour ended that had investors gobbling up shares at an impressive rate. The stock has since soared well over 200%.
The news release is below.
FDA Has Green Light for USACIG and Hop-on Electronic Cigarettes Imports Market Wire "US Press Releases "
LOS ANGELES, CA -- (MARKET WIRE) -- 01/19/10 -- USACIG, Inc. and Hop-on, Inc. (PINKSHEETS: HPNN) (www.hop-on.com) today hailed last Thursday's federal judge's ruling saying the Food and Drug Administration must stop interfering with importing electronic cigarettes. The judge also indicated the devices should be regulated as tobacco products, rather than drug or medical devices.
Jay Pignatello , President of USACIG, Inc. , stated, "The smoking public is one of the largest marketplaces in the world, and smoking is a social activity. USACIG is coming to market at the best time. It is very simple -- USACIG is an American company. We produce our nicotine with American by-products. With all due respect to products made in China , you don't know what you are going to get. Our product lasts longer and tastes better. My dad smoked and I wish he had a product like this that avoided the side effects of tar in traditional tobacco. We are an American company, delivering an American product, through American intellectual property with American product development expertise. When you use our product, it is like driving a Chevy."
Pignatello continued, "USACIG is committed to being the top supplier of electronic cigarettes in the USA . We believe our product is the safest, best tasting, and least expensive in this marketplace, and will soon be available in a wide array of big box stores. Our relationship with Hop-on, combined with our experienced sales team, has us awaiting signed Letters of Intent, and our sales will increase exponentially. Additionally, we will soon be conducting a unique launch of our cigarettes to some specific retailers, at no cost to the public. Our goal is to deliver a brand name and product that everyone will be comfortable and familiar with."
Peter Michaels , President of Hop-on, stated, "Judge Leon's positive opinion helps us in there should be no government roadblocks to slow down our progress launching our products in the US. I have worked through issues with government bureaucracy before, and Judge Leon's decision should make my life easier. Our products virtually have none of the cancer-causing chemicals of traditional cigarettes, but the FDA says it has not been proven safe. Our goal with USACIG is prove our products are safe, affordable for everyone and profitable for our company. We experienced no issues importing our electronics into the US market. Our product is better, less expensive, and the technology behind our cigarettes is made in America."
With the passage of landmark tobacco legislation last year, Judge Leon added, the Food and Drug Administration's new tobacco division will be able to regulate the contents and marketing claims of e-cigarettes in the same way it is about to begin regulating traditional tobacco products. But the agency's drug division cannot ban the devices, the judge ruled.
About USACIG, Inc.
USACIG is the only US-based manufacturer making the actual nicotine cartridges/products in the US. The Electric Cigarette(TM) is an alternative to traditional tobacco products. It is a battery-powered device providing inhaled doses of nicotine by delivering vaporized water, propylene glycol, nicotine solution and other non-carcinogens. In addition to nicotine delivery, this vapor also provides a flavor and physical sensation similar to that of inhaled tobacco smoke, while no tobacco, smoke, or combustion is actually involved in its operation. USACIG, Inc. is a US-based manufacturer of "The Electric Cigarette" and "The Electric Cigar"(TM). USACIG manufactures its cartridges in the United States and the electronics are manufactured in China . USACIG also has US-based doctors on its board monitoring and supervising medical related issues or opportunities. For more information, visit www.USACIG.com
About Hop-on, Inc.
Hop-on, Inc. (PINKSHEETS: HPNN) offers multi-media services and has secured licensing agreements from essential patent holders for GSM, CDMA and WIFI technologies. Since its inception, known for developing the world's first disposable cell phone, Hop-on currently remains one of the few US-based manufacturers of cellular technology. The Company also distributes The Electric Cigarette and the Electric Cigar.
Forward-Looking Statements
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.
Contact for USACIG, Inc. : David Worley Email Contact Contact for Hop-on, Inc. Danny Coleman 949-756-9008
The news release is below.
FDA Has Green Light for USACIG and Hop-on Electronic Cigarettes Imports Market Wire "US Press Releases "
LOS ANGELES, CA -- (MARKET WIRE) -- 01/19/10 -- USACIG, Inc. and Hop-on, Inc. (PINKSHEETS: HPNN) (www.hop-on.com) today hailed last Thursday's federal judge's ruling saying the Food and Drug Administration must stop interfering with importing electronic cigarettes. The judge also indicated the devices should be regulated as tobacco products, rather than drug or medical devices.
Jay Pignatello , President of USACIG, Inc. , stated, "The smoking public is one of the largest marketplaces in the world, and smoking is a social activity. USACIG is coming to market at the best time. It is very simple -- USACIG is an American company. We produce our nicotine with American by-products. With all due respect to products made in China , you don't know what you are going to get. Our product lasts longer and tastes better. My dad smoked and I wish he had a product like this that avoided the side effects of tar in traditional tobacco. We are an American company, delivering an American product, through American intellectual property with American product development expertise. When you use our product, it is like driving a Chevy."
Pignatello continued, "USACIG is committed to being the top supplier of electronic cigarettes in the USA . We believe our product is the safest, best tasting, and least expensive in this marketplace, and will soon be available in a wide array of big box stores. Our relationship with Hop-on, combined with our experienced sales team, has us awaiting signed Letters of Intent, and our sales will increase exponentially. Additionally, we will soon be conducting a unique launch of our cigarettes to some specific retailers, at no cost to the public. Our goal is to deliver a brand name and product that everyone will be comfortable and familiar with."
Peter Michaels , President of Hop-on, stated, "Judge Leon's positive opinion helps us in there should be no government roadblocks to slow down our progress launching our products in the US. I have worked through issues with government bureaucracy before, and Judge Leon's decision should make my life easier. Our products virtually have none of the cancer-causing chemicals of traditional cigarettes, but the FDA says it has not been proven safe. Our goal with USACIG is prove our products are safe, affordable for everyone and profitable for our company. We experienced no issues importing our electronics into the US market. Our product is better, less expensive, and the technology behind our cigarettes is made in America."
With the passage of landmark tobacco legislation last year, Judge Leon added, the Food and Drug Administration's new tobacco division will be able to regulate the contents and marketing claims of e-cigarettes in the same way it is about to begin regulating traditional tobacco products. But the agency's drug division cannot ban the devices, the judge ruled.
About USACIG, Inc.
USACIG is the only US-based manufacturer making the actual nicotine cartridges/products in the US. The Electric Cigarette(TM) is an alternative to traditional tobacco products. It is a battery-powered device providing inhaled doses of nicotine by delivering vaporized water, propylene glycol, nicotine solution and other non-carcinogens. In addition to nicotine delivery, this vapor also provides a flavor and physical sensation similar to that of inhaled tobacco smoke, while no tobacco, smoke, or combustion is actually involved in its operation. USACIG, Inc. is a US-based manufacturer of "The Electric Cigarette" and "The Electric Cigar"(TM). USACIG manufactures its cartridges in the United States and the electronics are manufactured in China . USACIG also has US-based doctors on its board monitoring and supervising medical related issues or opportunities. For more information, visit www.USACIG.com
About Hop-on, Inc.
Hop-on, Inc. (PINKSHEETS: HPNN) offers multi-media services and has secured licensing agreements from essential patent holders for GSM, CDMA and WIFI technologies. Since its inception, known for developing the world's first disposable cell phone, Hop-on currently remains one of the few US-based manufacturers of cellular technology. The Company also distributes The Electric Cigarette and the Electric Cigar.
Forward-Looking Statements
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.
Contact for USACIG, Inc. : David Worley Email Contact Contact for Hop-on, Inc. Danny Coleman 949-756-9008
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