Pop N Go, Inc. (OTCBB:POPN) and Sunwha Trading Company, Ltd. of Seoul, Korea have entered into a 3 year exclusive Distribution Agreement for Sunwha to become Pop N Go’s exclusive distributor for Korea.
The contract is expected to yield a minimum of $3 million in sales for Pop N Go.
“Korea is an important market for Pop N Go’s products and Sunwha’s aggressive plan for penetrating the Korean market will result in a fast rollout. Pop N Go will be shipping its first machines to Sunwha next week,” stated Mel Wyman, Pop N Go’s CEO.
“Sunwha Trading Company has carefully studied the Korean popcorn market for the last six months and has concluded that Pop N Go is a perfect fit for the Korean consumer. Popcorn is a popular product in Korea and Pop N Go’s uniquely entertaining machine will be popular with Korea’s popcorn consumers,” said Wondal Eoh, Pop N Go’s Asian representative who is based in Seoul, Korea.
Pop N Go is a specialty foodservice 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 foodservice applications.
Pop N Go is a fully reporting company trading under the symbol “POPN”. Visit its website at www.popngo.com.
Safe Harbor under the Private Litigation Reform Act of 1995: The statements which are not historical facts contained in this press 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 press release shall be construed as an offer to buy or sell any securities herein.