POP N GO, Inc. (OTC BB:POPN) and Hamlet Productions Corp. of Calgary, Canada, have entered into a three-year exclusive Distribution Agreement for Hamlet to become POP N GO’s exclusive distributor for Canada.
The agreement calls for Hamlet to purchase a minimum of 2000 POP N GO popcorn machines during the term of the agreement.
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“This contract is another important milestone in POP N GO’s worldwide network of strategic distributor alliances. The pending acquisition of Branax LLC and the continued expansion of our distribution base further enhances POP N GO’s ability to meet its aggressive sales target of $8 million for FY2001,” commented Mel Wyman, POP N GO’s CEO.
“We are confident that POP N GO will be a major factor in the snack and vending markets in Canada. POP N GO’s unique ability to entertain and to serve a fresh, quality snack on demand is exactly what today’s consumer demands. We are eagerly looking forward to installing our first machines at the end of November,” stated Peter McWhir, Hamlet’s president.
“POP N GO is pleased to be able to introduce our products into Canada through a quality organization with experience in the food service industry. Hamlet has developed many creative approaches for marketing POP N GO into Canada, which will ensure the success of the POP N GO program,” stated Wyman.
POP N GO is a specialty food service equipment manufacturer. The company’s self-contained equipment produces fresh hot popcorn for each customer, while allowing the customer to watch the entire popping process. POP N GO’s machine can be used as a stand-alone vending machine, or in a manual mode for traditional food service applications.
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By GlobalDataPOP N GO is a fully-reporting company, trading under the stock symbol “POPN.” Visit its Web site at www.popngo.com.
Safe Harbor Under the Private Litigation Reform Act of 1995: The statements which are not historical facts contained in this news release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties, as may be detailed in the company’s filings with the Securities and Exchange Commission. Nothing in this news release shall be construed as an offer to buy or sell any securities herein.
