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HCPC (.08) is in MERGER Discussions with London Based Insurance Company Concerning Future Relationship
Business Wire "US Press Releases "
WILMINGTON, Del.--(BUSINESS WIRE)--
Heritage Capital Credit Corporation (OTC: HCPC) today announced that it has begun discussions to merge or otherwise combine with a London based insurance company and with its commonly controlled financial guaranty company First Life Financial Corporation.
Once the merger or other business combination is completed, the new company is expected to give Heritage a strong financial base and gives us the ability to move forward in the international global market in the sophisticated financial guarantee and structured finance markets merging the capital, derivative and insurance markets.
The merger is expected to be finalized in early 2007.
This press release may contain forward-looking statements within the meaning of federal securities laws that involve significant risk and uncertainties. The words "estimate," "possible," "seeking," and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risk and uncertainties, some of which cannot be predicated or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risk.
Source: Heritage Capital Credit Corporation
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RushNet, Inc. Opens Up Caribbean Distribution and Gives a Business Update. (.0015)
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BLUE ISLAND, Ill., Dec 15, 2006 (BUSINESS WIRE) -- RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce that it has signed its first Distributor in the Caribbean. An initial order for a full 40' container of all of RushNet's products has been received from The Natural Food Center (NFC) of Mayaguez, Puerto Rico. Their order has just been produced and will be shipped the week of December 18. RushNet sees NFC, a well- established company that has earned an excellent reputation within Puerto Rico's burgeoning natural foods industry, as a great fit with RushNet. The NFC relationship grew out of a meeting at the recent Expo East and will be the first of many new island Distributors as RushNet ventures into the Caribbean with its marketed products The company is continuing to negotiate additional Distribution Agreements with companies in Jamaica and Trinidad." Robert Corr, RushNet CEO stated. "We see great opportunity for RushNet products in the Caribbean. The trend toward healthful, quality food products is definitely growing within this region and Ginseng usage there is at an all time high. This is a great inroad for us into a new market that we had not aggressively sought in the past. It is our plan to further expand the sales effort into this region as we continue to receive inquiries from other Caribbean Distributors." RushNet announced that it is making headway in its approval process with e-water(TM) for Japan. The company has just completed the necessary laboratory analyses and envisions that its Importer will soon complete the other approval processes steps required by the Japanese Government. The first Purchase Order is expected next month with product anticipated to arrive before Spring. Tom Swan, the project manager at RushNet, stated: "We continue to see favorable results in the extensive testing being completed here. We feel that RushNet is progressing at a good pace in the project and hope to complete the process soon." The Apple Rush line continues to pick up pace in its development. Much of the groundwork is complete for new flavors and packaging that will be showcased at the Fancy Food Show in San Francisco January 21-23. The company will introduce three to four new flavors in the line at west coast trade how. The effort to launch Apple Rush as its own publicly traded company continues. Stockholders of record in RushNet, Inc. as of Dec. 29, 2006 will receive stock in the Apple Rush Company as a Dividend. Additional details will be communicated early in 2007. The long awaited RushNet website is just days away from launch. This website will be a valuable communications tool for RushNet with both consumers and its investors; timely company updates and in depth product information will be the cornerstones of the site's focus in getting its message out to the public. As a sidebar, the company reports strong orders for the Apple and, especially, Apple Raspberry Rush products on its present website. The NOBO list and DTC Security Position Reports are in the process of continued analysis. To date we have found that our reconciliation process did not yield as many unaccounted shares as we thought there would be. This means that, so far, there is only evidence of a small amount of possible naked shorting of the company's stock. We will continue to research this and publish our findings when we can be more definitive on what these reports are truly showing. RushNet reports too that it continues to see new retail chain approvals for its products in various markets throughout the U.S, but especially in the Northeast and Southwest. The company has made changes in its Broker representation in Chicago and Los Angeles. Finally, Robert Corr and all those working at, and on behalf of, RushNet, Inc. and The Apple Rush Company wish our loyal shareholders a happy Holiday Season and a healthy and prosperous New Year. We thank you for your valuable suggestions and steadfast support. 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. SOURCE: RushNet, Inc. RushNet, Inc. Robert Corr, 708-389-6625 Copyright Business Wire 2006
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