Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
Micro Penny Stocks, Penny Stocks $0.10 & Under
»
RSHN - time to accumulate?
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by onecentlotto: [QB] RushNet, Inc. Announces Apple Rush AdvancesLast update: 11/16/2007 12:40:01 PMBLUE ISLAND, Ill., Nov 16, 2007 (BUSINESS WIRE) -- RushNet, Inc. (Pinksheets:RSHN) today announced several developments with regard to Apple Rush Company, Inc. (Pinksheets:APRU), the former subsidiary of RushNet, which recently went public on the pinksheets. Apple Rush will begin actively trading on the pinksheets in the very near future. According to Robert Corr, CEO of Apple Rush, "We're all very excited that we will soon begin trading. This is a major event for everyone at Apple Rush and for the shareholders of RushNet, as they are the largest shareholder of Apple Rush, holding 45% of the company's equity." Additionally, the long-awaited Garden Beverage, Inc. acquisition has been finalized. Originally the transaction had been secured by RushNet, but due to a fall in its share price and other factors beyond the company's control, RushNet was not able to complete the final transaction. As a result, Apple Rush, having a strong business model, excellent growth prospects and the support of RushNet, was able to secure debt financing and has consummated the acquisition of Garden Beverage. Garden will operate as a wholly-owned subsidiary of Apple Rush. "This is an excellent acquisition for Apple Rush, allowing the company to strengthen the sales and distribution growth of the Apple Rush product line through its ownership of Garden Beverage, with the cooperation and marketing support of RushNet. Furthermore, RushNet will still benefit tremendously from this arrangement as they are the single largest shareholder of Apple Rush. I strongly believe this is a win-win situation for everyone," commented Robert Corr, CEO of Apple Rush. Robert Corr continued, "Before the end of the month, Apple Rush plans to engage securities counsel to pursue the registration process to distribute direct dividend shares of Apple Rush to the shareholders of RushNet, as I have previously promised. Announcements will be forthcoming as progress is made with Apple Rush and the share dividend plan." RushNet Inc. is a beverage marketing company with a dynamic array of natural and organic beverages that it sells to distributors throughout the U.S. and into export markets. The line of quality beverages includes; e-water (R) (RushNet is the brand owner), Ginseng Rush (R), Ginseng Rush XXX and Rush Cola (R). Disclaimer: The Company relies upon the 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. [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2