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RushNet, Inc. Announces Public Initiative for Apple Rush Company, Inc.
Last Update: 9:15 AM ET Oct 29, 2007 BLUE ISLAND, Ill., Oct 29, 2007 (BUSINESS WIRE) -- RushNet, Inc. (RSHN) the beverage marketing firm, announced today that it has successfully moved a joint-venture company, Apple Rush Company, Inc. (Apple Rush), into the public arena. Apple Rush's 15c211 filing process with FINRA has been completed and approved. Apple Rush will soon be trading on the Pink Sheets under the symbol APRU. Until very recently, Apple Rush was a joint venture between RushNet, Inc. and Rush Beverage Company. Apple Rush operated as a division within RushNet, which holds the largest minority interest in Apple Rush. RushNet originally held 51% of the total shares before the company went public. After the public transaction was completed, RushNet's share ownership of Apple Rush decreased to 45% because there was dilution from the original shareholders of the public shell. Apple Rush is a producer of 100% Organic Juice beverages. Located in the suburbs of Chicago, IL, it has over 30 distributors that currently market and sell its juices to retail outlets throughout the U.S. and foreign countries. An announcement will be made before public trading begins in Apple Rush stock. We strongly encourage you to watch Apple Rush's growth over the next 12 months as we execute our business plan. More exciting news will be forthcoming over the next few weeks. About Rushnet, Inc. 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 100% Organic Juice Apple Rush(TM) line is the most recent addition to the team of other quality beverages; e-water (R) (RushNet is the brand owner), Ginseng Rush (R), Ginseng Rush XXX and Rush Cola
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Last Update: 9:15 AM ET Nov 2, 2007 BLUE ISLAND, Ill., Nov 02, 2007 (BUSINESS WIRE) -- Apple Rush Company, Inc. (Pinksheets: APRU) the producer of Organic 100% Juice beverages, today is announcing their capital structure and corporate history. Apple Rush existed as a brand for roughly 5 years in the mid-1970s with marginal success; a lack of sufficient sales caused the product line to eventually fall out of the market. In 1980 Robert Corr purchased the trademark of the then defunct company for eventual use by his privately-owned natural beverage company, Rush Beverage Company. In 2006, the Apple Rush product line was revived as a joint venture between RushNet, Inc. (RSHN.PK) and Rush Beverage Company (of which Robert Corr is the majority shareholder), and a test run of two flavors was produced. Re-packaged and expanded to six flavors the Organic Apple Rush line had its first production run in the spring of 2007. The product has been well-received by the market due to its quality and attractive look, and as a result of RushNet's sales program. Additionally, with the strong sustained growth of the organic-food category, over 20% in each of the last 5 years, and increased consumer awareness and demand for these types of products, Apple Rush management is prepared to enter the capital markets from a position of strength with an aggressive business plan for a product line poised for potentially explosive growth. Apple Rush Company, Inc. was founded in Nevada in 2006 as a privately-held corporation ("Apple Rush NV"), of which, RushNet held 51% of the total shares and Rush Beverage held 49%. In an effort to attract further funding and increase Apple Rush production to meet the growing demand, the owners of Apple Rush decided to bring Apple Rush NV public through a reverse merger with a Texas Corporation named D-Bar Manufacturing, Inc. ("D-Bar"). The result of the reverse merger was that RushNet received 45% of the total outstanding shares of D-Bar, Rush Beverage received 43% of the shares, and the remaining 12% of the shares stayed with the original D-Bar shareholders. D-Bar was a peculiar and attractive vehicle to the Apple Rush team because it was born out of the bankruptcy of another company, but had no significant operating history of its own, and thus is free of worries about past liabilities, which is a common problem with reverse mergers. D-Bar has never traded on public markets, but was endowed by the bankruptcy court with a shareholder base that left it in a position that it could be brought public. After the merger, D-Bar changed its name to Apple Rush Company, Inc., a Texas Corporation ("Apple Rush"). Apple Rush has filed the necessary paperwork with FINRA and has acquired a symbol under which it will soon trade on the Pink Sheets. According to Robert Corr, CEO of Apple Rush, "We're excited about taking Apple Rush into the public capital markets in funding our growth. RushNet and Rush Beverage shareholders have a significant share of the company, which should greatly benefit them as Apple Rush continues to grow and strengthen with its great product line." Further communications are forthcoming in the next few weeks, before public trading begins in Apple Rush stock. Management strongly encourages all interested parties to follow Apple Rush's growth over the next 12 months as our business plan bears fruit.
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RushNet & Hat Trick Beverages Complete Deal at NACS Show in Atlanta
Last Update: 1:24 PM ET Nov 14, 2007 BLUE ISLAND, Ill., Nov 14, 2007 (BUSINESS WIRE) -- RushNet, Inc. (RSHN.PK) reported today that it has reached an agreement with Hat Trick Beverages, Inc. (HKBV.PK) to market its products in the Midwest region of the U.S. The discussions leading up to this agreement have been underway since October. RushNet and Hat Trick consummated their marketing agreement at the NACS (National Convenience Store Show) last week in Atlanta. The Marketing Plan includes Hat Trick's PUMPED Fitness Water, and Vitamin-Packed ROADKILL Beverages, two new and unique products that have already shown great promise in the Northeast and West Coast markets. This new Agreement significantly expands RushNet's portfolio of beverage products that it represents, and moves it swiftly into two dynamic beverage categories it has not been active in. Hat Trick ( www.hattrickbeverages.com) welcomes the opportunity to increase the territory for its innovative beverages by utilizing RushNet's distribution network. Presidents from each company attended the recent NACS Show where they exhibited their product lines, and both made comments on the Agreement and the show. Robert Corr stated: "This is a great opportunity for RushNet to add to our portfolio of unique niche products. Hat Trick's beverage lines are well-conceived and especially well-packaged. Hat Trick really adds a new dimension to our line-up of products. We saw the NACS show as a success for both companies as we received a good deal of positive response to our Apple Rush products as they did for their PUMPED and ROADKILL lines." Larry Twombly, President of Hat Trick commented: "Our Agreement with RushNet will definitely escalate our outreach into the Midwest, and we look forward to partnering with them there. We are fortunate to be able to use RushNet's distribution network in that area, and their expertise will certainly develop that market more expediently for us, since our growth in the Northeast and West Coast has kept us very busy . We also foresee many other potential opportunities to develop this relationship further through joint marketing and distribution possibilities." About RushNet, Inc. RushNet Inc. ( www.enjoytherush.com) 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 100% Organic Juice Apple Rush(TM) line is the most recent addition to the team of other quality beverages; e-water (R) (RushNet is the brand owner), Ginseng Rush (R), Ginseng Rush XXX and Rush Cola (R).
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RushNet, Inc. Announces Apple Rush Advances
Last Update: 12:40 PM ET Nov 16, 2007
BLUE 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. www.enjoytherush.com 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).
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RushNet Expands Apple Rush Export Business to Israel
Last Update: 9:25 AM ET Nov 19, 2007 BLUE ISLAND, Ill., Nov 19, 2007 (BUSINESS WIRE) -- RushNet, Inc. (Pinksheets: RSHN) today reported that it has expanded Apple Rush's (Pinksheets: APRU) export business with the first shipment of a container full of Organic Apple Rush beverages to Israel. RushNet ( www.enjoytherush.com) shipped the container of Apple Rush ( www.applerush.com) on Wednesday to Foods & Stuff ( www.foodsnstuff.com), a fast growing company based in Israel. Foods & Stuff is a distributor of high quality Natural and Organic food and beverages with a network throughout Israel. This marks RushNet's first venture into the Near East market and represents significant progress in the growth of its export business which already includes Canada, Guam, Mexico and Puerto Rico. The company stated that it continues to focus its efforts in completing other export business opportunities that it has been developing in Japan, Korea, Aruba, India and Australia with Apple Rush and other products within its portfolio. Robert Corr, President of RushNet was quoted: "Our efforts in attending tradeshows continue to pay off as evidenced by this latest export customer in Israel. We were encouraged how fast we were able to move the approval process along with Foods & Stuff and the Agencies of the Israeli Government. We always believed that it was vital for Apple Rush to be a Kosher Certified product, and our efforts have been rewarded as Apple Rush begins to be embraced by the Kosher community. With this new expanded growth we continue to see the world-wide appeal Apple Rush can garner and we look forward to developing the brand in other potential international markets." RushNet Inc. www.enjoytherush.com 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).
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Apple Rush Company Announces 3Q 2007 Financials, Public Trading This Week
Last update: 2:37 p.m. EST Dec. 4, 2007 BLUE ISLAND, Ill., Dec 04, 2007 (BUSINESS WIRE) -- Apple Rush Company, Inc. (Pink sheets: APRU) the producer of Organic 100% Juice beverages, today is announcing that their third quarter (3Q) 2007 financial results will be posted this week. These figures will reflect Apple Rush launching its sales effort in late May 2007 and the acquisition of Garden Beverage on September 6. Therefore, the third quarter results reflect approximately 24 days of consolidated financial results. The 4Q 2007 financials, posted in early 2008, will reflect the fully consolidated statements for the entire quarter. Until recently Apple Rush was a subsidiary of RushNet, Inc. (RSHN.PK). The 3Q Apple Rush financials will be posted on both www.applerush.com and pinksheets.com. An announcement will be made later this week when the financials are actually posted, and official Public Trading of Apple Rush will begin the next morning. According to Robert Corr, CEO of Apple Rush, "In an effort to provide more transparency to investors, and garner more credibility for the Apple Rush Company, we will be posting our unaudited quarterly financial results at the close of each quarter. We are pleased with Apple Rush and Garden's current financial performance and anticipate even stronger sales in 2008; those are projected now to exceed $7 million. We will keep shareholders updated as we continue to make progress."
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