Pop N Go and Cornell Capital Partners, LP Announce $5 Million Funding
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Agreement WHITTIER, CA -- (MARKET WIRE) -- 05/24/04 -- POP N GO, INC. (OTC BB: POPN) announced today the execution of a Standby Equity Distribution Agreement with Cornell Capital Partners, LP that allows Pop N Go, at its option, to issue shares to Cornell Capital Partners, LP for up to a maximum of $5 million. Under the terms of the Agreement, Pop N Go may, at its discretion, issue shares to Cornell at any time over the next two years. The maximum aggregate amount of the equity placements pursuant to the Agreement is $5 million. The Agreement is subject to an effective registration with the SEC. Spencer Clarke, LLC, a prominent New York based investment banker sourced the transaction. Pop N Go retained the services of Spencer Clarke in October 2003 to place Pop N Go securities with qualified investors. Mark Angelo, Co Founder and President of Cornell Capital said, "We are pleased to assist Pop N Go in its ongoing financing needs. Pop N Go's patented delivery systems for providing healthy and fresh snack foods are the right products for today's consumer." Mel Wyman, CEO of Pop N Go stated, "We are excited that a prestigious investment fund like Cornell has recognized the value of Pop N Go's products. This financing should assist Pop N Go in the execution of its business plan." Victor Greene, Senior Managing Director/Investment Banking of Spencer Clarke LLC, said, "We are pleased to have been able to source funding to assist Pop N Go in rolling out its exciting product lineup." For further information about this release and POPN, contact Mel Wyman at 562-945-9351 and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127. About Pop N Go, Inc. Pop N Go produces a unique hot air popcorn machine, capable of delivering single servings of fresh hot popcorn, which meets the demands of today's market. The company's self-contained equipment produces fresh popcorn for each customer while allowing the customer to watch the entire popping process. Pop N Go's machine is sized to fit almost anywhere (2'x2'), and can be used as a stand-alone vending machine or in a manual mode for traditional foodservice applications. Pop N Go's FlixStix Division produces the only single serving popcorn flavoring, which expands Pop N Go's brand into the home consumption market. More information about Pop N Go can be found at www.popngo.com. Safe Harbor under the Private Securities 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. Contact: Yes International Rich Kaiser 800-631-8127
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Due Da Due......But Be Quick About It!!!!!
DaDog
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Due Da Due......But Be Quick About It!!!!!
DaDog