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RushNet Inc. Gains New Brands With Brewery Purchase; Major Increase in Licensed Product Base Realized TUESDAY, APRIL 11, 2006 2:16 PM - BusinessWire
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BLUE ISLAND, Ill., Apr 11, 2006 (BUSINESS WIRE) -- RushNet, Inc. (Pink Sheets:RSHN) proudly announces that RushNet's President, Robert J. Corr, and investment group Lynch Partnership One ("LPO"), led by well-known entrepreneur Michael Lynch, have agreed to terms with the owners of a regional Midwest brewery, and will proceed with the private acquisition of the brewery in order to promote the future expansion of RushNet, Inc. throughout the beverage industry.
With years of experience in the brewing industry, RushNet President Robert Corr understands the potential for future expansion and enhanced profitability through the acquisition. He stated that, "Upon completion of this purchase by the two parties, RushNet, Inc. will be appointed as the exclusive, Licensed marketing agent for the brewery's existing branded products along with new beverage items to come. The brewery alliance, by providing RushNet with a constant stream of innovative quality beverages, can transform our company into a full-fledged beverage marketing firm." Sales at the brewery were up 40% in the first quarter of 2006 compared to the same period last year.
The brewery, one of America's oldest, has been family owned and operated for over 100 years and brews and produces its own high-quality branded line of alcoholic and malt beverages, and gourmet sodas. For fifteen years it has packed Ginseng Rush and other Rush Beverage Co. products, and the brewery also does private label work for other companies. Both Michael Lynch of LPO and Robert Corr of RushNet Inc. intend to compound the value of the traditional brewery. Mr. Corr explained that "The new owners will introduce a complete line of innovative all-natural beverages, such as fresh-brewed flavored teas and sodas, and lightly carbonated 100% juice drinks. We will install a modern tunnel pasteurization unit at the brewery to ensure integrity of the all-natural ingredients without the use of preservatives.
The latter also gives me the chance to reintroduce a Ginseng Beer like I made in the 90's and distribute it worldwide with my new partner Michael Lynch. Michael has special affection for the Rathskeller and Rock Hard Red products the brewery makes."
RushNet, Inc., Licensee of the highest quality Rush Ginseng Sodas and the new e-water(TM), have recently expanded distribution into Southern California, Midwest and East Coast supermarkets and convenience stores, making the products more easily available to meet the growing demand being created by the national consumer PR campaign and investor requests.
-------------------- If they call it "tourist season"... then why can't we SHOOT 'em..?
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BSNS WIRE) RushNet Inc. Gains New Brands With Brewery Purchase; Major Increa e in Licensed Product Base Realized RushNet Inc. Gains New Brands With Brewery Purchase; Major Increase in Licensed roduct Base Realized
Business Editors
BLUE ISLAND, Ill.--(BUSINESS WIRE)--April 11, 2006-- RushNet, Inc. (Pink Sheets:RSHN) proudly announces that RushNet's President, Robert J. Corr, and investment group Lynch Partnership One ("LPO"), led by well-known entrepreneur Michael Lynch, have agreed to terms with the owners of a regional Midwest brewery, and will proceed with the private acquisition of the brewery in order to promote the future expansion of RushNet, Inc. throughout the beverage industry. With years of experience in the brewing industry, RushNet President Robert Corr understands the potential for future expansion and enhanced profitability through the acquisition. He stated that, "Upon completion of this purchase by the two parties, RushNet, Inc. will be appointed as the exclusive, Licensed marketing agent for the brewery's existing branded products along with new beverage items to come. The brewery alliance, by providing RushNet with a constant stream of innovative quality beverages, can transform our company into a full-fledged beverage marketing firm." Sales at the brewery were up 40% in the first quarter of 2006 compared to the same period last year. The brewery, one of America's oldest, has been family owned and operated for over 100 years and brews and produces its own high-quality branded line of alcoholic and malt beverages, and gourmet sodas. For fifteen years it has packed Ginseng Rush and other Rush Beverage Co. products, and the brewery also does private label work for other companies. Both Michael Lynch of LPO and Robert Corr of RushNet Inc. intend to compound the value of the traditional brewery. Mr. Corr explained that "The new owners will introduce a complete line of innovative all-natural beverages, such as fresh-brewed flavored teas and sodas, and lightly carbonated 100% juice drinks. We will install a modern tunnel pasteurization unit at the brewery to ensure integrity of the all-natural ingredients without the use of preservatives. The latter also gives me the chance to reintroduce a Ginseng Beer like I made in the 90's and distribute it worldwide with my new partner Michael Lynch. Michael has special affection for the Rathskeller and Rock Hard Red products the brewery makes." RushNet, Inc., Licensee of the highest quality Rush Ginseng Sodas and the new e-water(TM), have recently expanded distribution into Southern California, Midwest and East Coast supermarkets and convenience stores, making the products more easily available to meet the growing demand being created by the national consumer PR campaign and investor requests.
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quote:Originally posted by invester: This is the same damn PR from a couple of weeks ago, just changed a little. I want something new.
hey, don't get too picky.. we were all down on our knees here at .0061, getting killed. this thing is huge for us that have been sticking around here in the meantime.
welcome back though, invester. hope you still had some shares of this.
-------------------- Hindsight is 20:1. It's like printing money.
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quote:Originally posted by invester: This is the same damn PR from a couple of weeks ago, just changed a little. I want something new.
hey, don't get too picky.. we were all down on our knees here at .0061, getting killed. this thing is huge for us that have been sticking around here in the meantime.
welcome back though, invester. hope you still had some shares of this.
Of course, I just want some big news. Contracts, $$$$$$$$$$$$$$. Nothing but fluff from these people.
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quote:Originally posted by invester: This is the same damn PR from a couple of weeks ago, just changed a little. I want something new.
Actually, the PR from a couple weeks ago spoke of a "possible / pending" purchase... while this PR confirms that it is a done deal... it also speaks of some new products, including the Ginseng Beer.
All in all, not a bad PR, and I do believe we will see yet another PR this week.
-------------------- If they call it "tourist season"... then why can't we SHOOT 'em..?
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posted
I love PR, but I would love one that said "We have sold something to a buyer" and this is how much we made. or "we have shipped this much to there" Show me your investments are getting returns!!! When we see that we shall all eat steak and lobster for snacks.
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posted
RushNet Inc. Gains New Brands With Brewery Purchase; Major Increase in Licensed Product Base Realized
BLUE ISLAND, Ill., Apr 11, 2006 (BUSINESS WIRE) -- RushNet, Inc. (Pink Sheets:RSHN) proudly announces that RushNet's President, Robert J. Corr, and investment group Lynch Partnership One ("LPO"), led by well-known entrepreneur Michael Lynch, have agreed to terms with the owners of a regional Midwest brewery, and will proceed with the private acquisition of the brewery in order to promote the future expansion of RushNet, Inc. throughout the beverage industry.
With years of experience in the brewing industry, RushNet President Robert Corr understands the potential for future expansion and enhanced profitability through the acquisition. He stated that, "Upon completion of this purchase by the two parties, RushNet, Inc. will be appointed as the exclusive, Licensed marketing agent for the brewery's existing branded products along with new beverage items to come. The brewery alliance, by providing RushNet with a constant stream of innovative quality beverages, can transform our company into a full-fledged beverage marketing firm." Sales at the brewery were up 40% in the first quarter of 2006 compared to the same period last year.
The brewery, one of America's oldest, has been family owned and operated for over 100 years and brews and produces its own high-quality branded line of alcoholic and malt beverages, and gourmet sodas. For fifteen years it has packed Ginseng Rush and other Rush Beverage Co. products, and the brewery also does private label work for other companies. Both Michael Lynch of LPO and Robert Corr of RushNet Inc. intend to compound the value of the traditional brewery. Mr. Corr explained that "The new owners will introduce a complete line of innovative all-natural beverages, such as fresh-brewed flavored teas and sodas, and lightly carbonated 100% juice drinks. We will install a modern tunnel pasteurization unit at the brewery to ensure integrity of the all-natural ingredients without the use of preservatives.
The latter also gives me the chance to reintroduce a Ginseng Beer like I made in the 90's and distribute it worldwide with my new partner Michael Lynch. Michael has special affection for the Rathskeller and Rock Hard Red products the brewery makes."
RushNet, Inc., Licensee of the highest quality Rush Ginseng Sodas and the new e-water(TM), have recently expanded distribution into Southern California, Midwest and East Coast supermarkets and convenience stores, making the products more easily available to meet the growing demand being created by the national consumer PR campaign and investor requests.
RushNet Inc. is the licensed marketing agent for Rush Beverage Company products including Ginseng Rush(R), Ginseng Rush XXX(TM) and Rush Ginseng Cola(TM). RushNet, Inc. is the brand owner of e-water(TM).
quote:Originally posted by SincereX13: next we get some numbers or contracts! hopefully
Now your saying something.
Right... but we need the ability to produce more before we get the numbers, so this seems like a logical step, get the brewery. I'm guessing next pr will talk about contracts from the expo... at least I hope it does.
-------------------- trashed and scattered again
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quote:Originally posted by Chris: I love PR, but I would love one that said "We have sold something to a buyer" and this is how much we made. or "we have shipped this much to there" Show me your investments are getting returns!!! When we see that we shall all eat steak and lobster for snacks.
Read the last PR, where they said "3 truckloads to Mexico"
-------------------- Hindsight is 20:1. It's like printing money.
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