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For Immediate Release
Whittier, California, April 10, 2008 |
Contact: Yes International
Rich Kaiser - 800-631-8127 |
Pop N Go Marks 15th
Consecutive Trading Day on the SEC’s Regulation SHO Threshold List
Whittier, CA-Pop N Go, Inc. (OTCBB:POPN) yesterday appeared on
the Regulation SHO threshold list for the 15th consecutive trading day.
The Regulation SHO threshold list, mandated by the SEC, is an attempt to
curb abuses with naked short selling. Published daily by the stock
exchanges, the list contains the names of Companies whose stock broker
dealers have failed to deliver stock sold in quantities above a
calculated threshold. The SEC has stated: “Naked short selling can have
a number of negative effects on the market, particularly when the fails
to deliver persist for an extended period of time and result in a
significantly large unfulfilled delivery obligation at the clearing
agency where trades are settled.”
“A number of our major shareholders, along with Pop N Go, intend to get
to the bottom of this continued failure to deliver shares bought by
honest shareholders. If Pop N Go finds that this has been an illegal
attempt to manipulate the price of our stock, a violation of securities
laws, or a breach of any contract; then Pop N Go will pursue redress and
punishment by all means available. We have made the SEC aware of this
apparent naked short selling which could be designed to artificially
depress the share price of POPN in order to financially benefit those
who would stand to gain from this illegal market tactic. In addition to
working with regulators to help curb this perceived abuse, our Company
has consulted with private securities counsel to determine how civil
litigation could help recoup the millions of dollars in shareholder
value that have been lost as a result of this potentially egregious
naked short selling,” said Mel Wyman, Pop N Go’s CEO.
For further information about this release and Pop N Go, 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.
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