SOURCE: Pop N Go, Inc.

Pop N Go, Inc.

April 28, 2009 09:30 ET

Pop N Go Debt to Cornell Capital Satisfied

WHITTIER, CA--(Marketwire - April 28, 2009) - Pop N Go, Inc. (PINKSHEETS: POPN), a leading manufacturer of healthy snack vending machines, announced that on March 31, 2009, the maturity date of all outstanding secured convertible debentures (the "Debentures") previously issued by the Company to YA Global Investments, L.P. (f/k/a Cornell Capital Partners ("YA") was extended to March 31, 2010. On that same date, YA transferred all of its interest in the Debentures to an unaffiliated third-party.

The Company is currently in discussions with the new holder of the Debentures to negotiate a mutually acceptable manner by which the Debentures will be repaid. Mel Wyman, the Company's CEO, said, "We look forward to working with the new debt holder to develop a solution that will allow for the timely satisfaction and extinguishment of the Debentures without negatively impacting our business. We also are optimistic that these favorable changes will allow our share price to reflect the fundamental strength of the Company, its current performance and favorable forecast. This development will allow the Company to concentrate on its core business of operating its patented healthy popcorn vending machines in schools while building equity for our shareholders."

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. 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 Information

  • Contact:
    Yes International
    Rich Kaiser
    800-631-8127