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Looks like company has re-orginized managment with an experienced manager. I am guessing that they won't be down for long.. Check it out and see what you think..
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RushNet, Inc. Appoints Master Distributor for Canada Monday July 11, 3:30 pm ET
BLUE ISLAND, Ill.--(BUSINESS WIRE)--July 11, 2005--RushNet, Inc. (Pink Sheets:RSHN.PK - News) is pleased to announce the appointment of Procon Canada 2000, Inc. (Procon) as its exclusive master distributor in Canada. Privately held Procon Canada 2000 is a leading importer of natural foods and beverages into Canada and boasts extensive market penetration. Headquartered in Guelph-Ontario, the company is a direct vendor to all major Canadian food outlets such as Loblaw's (1,650 stores), A&P (237 stores), Sobey Group (1,310 stores) and Sam's Club (6 stores).
Representing more than a dozen natural food and beverage manufacturers, Procon also supplies three Canadian natural foods distributors and four conventional grocery wholesalers. In addition, the company brokers natural foods/beverages to convenience stores and filling stations across Canada with its population of 33 million.
Robert Corr, president of RushNet, Inc., stated, "We are delighted to appoint Procon Canada 2000 as our Canadian master distributor. This appointment allows us full access to a hugely important market for our licensed and wholly owned products. To begin, Procon will purchase our cane-sugar sweetened Ginseng Rush(TM), Ginseng Rush XXX(TM) and Rush Herbal Cola(TM) in truckload quantities F.O.B. from Janesville, Wisconsin. The products will be shipped to Procon warehouse facilities in Calgary and Ontario prior to distribution. "
Corr concluded, "Michael Riolo, president and founder of Procon, is a successful and well-respected veteran of the food service and retailing industries. Mike has logged over 35 years in the business. RushNet expects great things from our mutually beneficial relationship with master distributor Procon Canada 2000, Inc."
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.
-------------------------------------------------------------------------------- Contact: RushNet, Inc. Robert Corr, 708-389-6625
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