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HPNN Hop On Inc (PK)

0.0004
-0.00005 (-11.11%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Hop On Inc (PK) USOTC:HPNN OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.00005 -11.11% 0.0004 0.0004 0.0005 0.0005 0.0004 0.0004 5,025,257 19:52:32

Hop-on and USAcig Comply With FDA Regulations on Flavored Tobacco

19/08/2010 5:25pm

Marketwired


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Hop-on, Inc. (PINKSHEETS: HPNN) and USAcig, Inc. have decided to revise their sales plan to comply with potential FDA regulations on flavored tobacco. Within a 30 day transition period, USAcig will eliminate all flavored electric cigarettes from the company's product line and will only carry tobacco and menthol flavors.

The FDA in September 2009 placed the following parameters on tobacco products: http://www.fda.gov/TobaccoProducts/ProtectingKidsfromTobacco/FlavoredTobacco/default.htm.

Peter Michaels, CEO of USAcig, stated, "It is crucial to anticipate the demands of the public, FDA involvement and modifications in legislation. Although our packaging clearly states that our products are not for sale to minors which includes everyone under the age of 18 regardless of their state of residence, it is still an issue for many of our competitors. Due to a variety of factors and industry inconsistencies, I believe the decision to only carry tobacco and menthol product flavors will put us ahead as we continue to seek FDA approval for our electric cigarette products."

With increased regulations on the electric cigarette industry and the devices, USAcig is looking to the future to anticipate future laws, bans and FDA regulations. The recent debate on electric cigarette flavors and marketing to minors has been one of the heated topics for e-cig companies like one of our competitors, which has influenced USAcig as a company to revise the company's product offerings.

Jay Pignatello, President of Hop-on, stated, "There was a recent settlement in California that impacted one of our competitors. We are watching the entire industry closely and have anticipated this change. As I have previously indicated -- we are working closely with USAcig to seek FDA approval for their product. As the main distributor of this product, Hop-on interest in making this product an FDA approved smoking cessation device is crucial to our gaining a larger foothold on the market."

About USAcig, Inc.

USAcig, Inc. is the only US-based manufacturer making the actual nicotine cartridges/products in the US. The Electric Cigarette™ 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™". USAcig, Inc. manufactures its cartridges in the United States and the electronics are manufactured in China. USAcig, Inc. 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. 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.

USAcig: Peter Michaels 1-866-331-3244 Email Contact Hop-on: Danny Coleman 1-949-756-9008 Email Contact

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