Hop-on, a U.S. Company, Responds to European Union Online Gambling Lawsuit
IRVINE, Calif.--(BUSINESS WIRE)--Nov. 13, 2007--Hop-on, Inc. (OTC:HPNN), a leading developer and marketer of wireless phones and accessories, takes European Union Trade Commissioner's claims head-on.
European Union Trade Commissioner, Peter Mandelson, told reporters he believes the United States must change an Internet gambling law preventing European companies from offering services in the U.S. market, before he heads to Capitol Hill to discuss the issue with U.S. lawmakers.
But American company Hop-on, Inc. stands staunchly against his claim.
Hop-on, Inc., through its president, Peter Michaels, is speaking out to protect the industry from foreign competition and ensure millions of dollars in taxes remain in the U.S.
Since Congress has passed a broad online gambling ban, EU-based gambling firms have sought as much as $100 billion in compensation for being shut out of the U.S. market.
As the only American handset manufacturer currently developing software, as well as licensing and regulations for online gambling via mobile phones, Hop-on, Inc. is filling the market demand. Hop-on, Inc. will accept bets from WTO Countries to prevent the need for them to sue the U.S. Hop-on, Inc. accepting bets will keep millions of tax dollars flowing back to the American government. As a U.S.-based company, revenues will benefit American interests.
"It is outrageous that foreign interests are trying to sue America for upwards of $100 billion," says Hop-on, Inc.'s Michaels. "There is no need for our country to allow outsiders to profit, when Hop-on, Inc. offers the best mobile gambling services, while keeping the revenues within our own country. Hop-on, Inc. will be taking bets from WTO Countries as soon as possible, while continuing to pay taxes as an American company."
About Hop-on, Inc.
HOP-ON (Other OTC:HPNN) develops and markets wireless phones and accessories. Its product line includes the both CDMA2000 and GSM/GPRS handsets for emerging market carriers and other domestic carriers as well as resellers needing an entry level priced phone 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 www.Hop-on.com.
Danny Coleman, 949-756-9008