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Hop-on, Inc.: Hop-on Negotiates With US Indian Tribal Casinos for Live Streaming Gambling

^{Published on 2009-05-08 06:03:27, Last Modified on 2009-11-02 15:24:42 - Market Wire}
 

IRVINE, CA--(Marketwire - May 8, 2009) - Hop-on, Inc. (PINKSHEETS: [ HPNN ]) announced today its first round of negotiations with US Indian Tribal Casinos for its Live Interactive Streaming Gambling software. This following the introduction of Rep. Barney Frank's Internet Gambling Bill to overturn current legislation in the United States, earlier this week.

The bill stipulates that Internet gambling companies are to be licensed by the Treasury Department and to follow strict regulation regarding underage gambling and thus guaranteeing fair play. Peter Michaels, President of Hop-on, states, "Indian gaming is already licensed. This in turn gives Hop-on and Indian Gaming partners a head start in the US Gaming Internet Industry. If Barney Frank's bill is passed and the current Gambling bill is overturned it will be a process that will take a minimum of one year for International companies to get a gaming license here in the United States." To obtain a license, the process involves, Internet gambling companies to first apply, then they will be placed under review by the Treasury Department for previous accounts of criminal activity, recent credit history, etc. Following these two steps they will then be subject to provide prior financial statements.

The ban on Internet gambling was placed in 2006 and deemed payments from banks (including checks and electronic transfers) and credit cards unacceptable for settling online gambling bets. Final regulations imposing the ban were placed in the last weeks of the Bush administration, to be effective Dec. 1, 2009. Together with the bill, Frank presented a second bill that moved to postpone such regulations for one more year.

In regards to the current law, Frank stated that it is "the single biggest example of an intrusion" in terms of Internet freedom. He hopes to move on this Bill prior to Congress' break in August. In hopes of freeing up the Internet gambling market, the Bill vies for protection against money laundering, fraud and identity theft. Michaels (Hop-on's President and CEO) further stated... "Our economy is struggling. Barney Frank's projection of the some $52 billion that the online gambling industry would provide for the US over the next decade is a profound turning point in a much needed stimulation to our economy. As usual, Hop-on will be ready, set and one step ahead."

To view one of Hop-on's websites: [ www.webscasinos.com ]. Hop-on invites all Tribal Councils to contact [ Peter@hop-on.com ]

About Hop-on:

Hop-on (PINKSHEETS: [ HPNN ]) develops and markets wireless phones and accessories for emerging markets and other domestic carriers and is best known for developing the world's first disposable cell phone. Currently, Hop-on is expanding into value-added services, like mobile gambling and SMS wagering. Hop-on's exclusive software will allow users to stream live interactive feed from legal jurisdictions to play poker, blackjack, roulette and baccarat on personal cell phones.

For more information, visit [ http://www.Hop-on.com ].

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.