hopTo Inc. (OTCMKTS:HPTO) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
As previously stated in its April 7, 2017 earnings release, hopTo
Inc. is providing the following answers to questions submitted to
its investors@hopto.com email address regarding the
Companys business, finances and operations. These questions and
answers will also be posted on the Companys website at
investors.hopto.com. These answers are subject to the forward
looking statement disclaimer following the last question and
answer below. The following questions and answers do not purport
to be indicative of the Companys overall current business,
finances, operations or prospects; rather, the answers reflect
the Companys responses solely to the questions submitted.
Question: Have you received any significant bids on the hopTo IP,
including the patents?
hopTo Answer:
We received this question and other questions regarding the hopTo
IP sale process. The hopTo IP sale process is still ongoing. We
cannot currently discuss any specifics as discussions are still
underway with potential buyers.
Question: With a strategic partner involved is the GO-Global
software/IP scalable for growth?
hopTo Answer:
This is a theoretical question that is challenging to answer in
the absence of a specific named prospective partner. That said,
there may be partners that could enable growth for the GO-Global
business.
Question: Is the company still in communications with Citrix
regarding the Hopto product?
hopTo Answer:
No. We have suspended all development, sales and marketing
activities related to our hopTo Work products and we have not
renewed our Citrix Ready membership.
Question: When will you be filing the 2017 Q1 report?
hopTo Answer:
We intend to file the 2017 Q1 report in a timely manner, on May
12, 2016.
This question and answer set contains statements that are forward
looking as that term is defined by the United States Private
Securities Litigation Reform Act of 1995. These statements
include statements regarding potential strategic transactions and
negotiations. These statements are based on managements current
expectations and are subject to a number of uncertainties and
risks that could cause actual results to differ significantly
from those described in the forward looking statements. Factors
that may cause such a difference include the following: our lack
of cash resources makes it extremely difficult to execute on our
efforts to extract value from our hopTo and Go-Global assets, and
creates risks that we may be unable to realize full value for
such assets; we may be unable to manage our expenses to a degree
to preserve our opportunities to extract value from our assets,
and may be forced to sell them at unfavorable prices; there is no
assurance that any transaction will be achieved for any hopTo
assets in a timely manner, on reasonable terms, or at all; and
other factors, including those set forth under Item 1A, Risk
Factors in our Annual Report on Form 10-K for the year ended
December 31, 2016 and in other documents we have filed with the
SEC. We assume no obligation to update the above question and
answer set, which speaks only as of the date of this Form 8-K in
which these questions and answers first appear.
About hopTo Inc. (OTCMKTS:HPTO)
hopTo Inc. is a developer of software productivity products for mobile devices, such as tablets and smartphones, and application publishing software solutions. The Company’s product line, which is called hopTo, is marketed to small and medium sized businesses, and enterprise level customers under the name hopTo Work, which is its primary focus in the hopTo product line. hopTo provides mobile end-users with a productivity workspace for their mobile devices that allows them to manage, share, view and edit their documents, regardless of where they are stored. The hopTo Work builds upon the hopTo consumer product, bringing its core mobile productivity features to small- to medium-sized business (SMB)/Enterprise users, with additional security and manageability functions. The Company’s GO-Global product offerings can be categorized into various product families, such as GO-Global for Windows, GO-Global for UNIX and GO-Global Client. hopTo Inc. (OTCMKTS:HPTO) Recent Trading Information
hopTo Inc. (OTCMKTS:HPTO) closed its last trading session 00.0000 at 0.0250 with shares trading hands.