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News Story RushNet Inc.: RushNet Accepts New Deal Signs A Private Placement Agreement.
Tuesday May 02 2006 04:36:42 EDT
Blue Island, Illinois, May 02, 2006 (M2 PRESSWIRE via COMTEX) -- Robert Corr, President of RushNet, Inc. (Pink Sheets: (RSHN.PK), has agreed today to accept the offer made by Michael Lynch of Lynch Partners One, LLC to purchase a 30% stake in the company in return for restricted shares. This signed agreement gives RushNet, Inc. a cash infusion of $615,000 plus an additional commitment for inventory capital of $2.4 million, for a total of over $3,000,000 to RushNet, Inc.
Robert Corr and the RushNet management team will hold restricted shares totaling 32%, with the public free trading shares totaling 38% of the stock. The stock issued to Lynch has been placed into an escrow account with a closing scheduled in about two weeks.
As, Robert Corr stated: "This new ground in capital financing will secure the company's inventory needs for all the new items planned for introduction by this fall. Our larger retailers require firm inventory levels to be maintained at all times, and as a company, we have gained a valuable partner who's expertise in raising large amounts of capital will assist us in our future expansion plans. I feel confident in the strategic plan that Michael Lynch and I have developed to grow RushNet's brands on a worldwide scope."
Michael Lynch added, " This will be the beginning of a highly visible beverage company, and I'm looking forward to launching some our branded beverages in the national beverage arena."
Michael Lynch and Robert Corr, as mentioned in a previous press release, are in the process of purchasing a regional brewery that will use RushNet to market the brands worldwide. Newly re-designed products will be introduced this summer and the fresh labels will be unveiled in the coming weeks to stockholders.
RushNet Inc. is the licensed marketing agent for Rush Beverage Company products and brand owner of e-water(TM). www.enjoytherush.com 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: Robert Corr, RushNet, Inc. Tel: +1 708 389 6625
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
Posts: 66 | From: Maryland, USA | Registered: Mar 2006
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I am with you on that one Jim... I think if you keep jumping from stock to stock you miss the boat sometimes, then you look back and say " Dam I use to own that. at .0003
Big things are coming.
Posts: 2063 | From: Europe | Registered: Feb 2006
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JIM and ROBBIE what you say is correct,this is a peach of a stock,lots of prs,a real product and revenues.I will never sell untill I get my price,and that will come when we get prs about production and inventories.We also need more news on the new brewery.ANYONE who sells at this low price even to flip is gone to be left behind soon.
Posts: 534 | From: florida | Registered: Feb 2006
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Yeah, I think it is obvious. Look how many times you sell to chase something that runs away and you cant get filled. So you decide ok let me jump back in on this now that its running... and guess what eventually you won't be able to.
RSHN is in the bank. Just a matter of time.
Posts: 2063 | From: Europe | Registered: Feb 2006
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Noobie here: What's it mean when UBSS's bid/ask spread has gone down to 1 tick?
Posts: 19 | From: San Jose, CA | Registered: Dec 2005
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It means ubss dosent care if they sell they only want to replenish their share count.IMHO that means they expect it to gap big.
Posts: 534 | From: florida | Registered: Feb 2006
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So what are the chances that we end the day at 53... or even better to not make it so obvious..... + or - 1 tick? Looks like everone is off getting rich off of oil for now.
At least I caught up on my grading today.....
-------------------- I wrestled with reality for years, Doctor, and I'm happy to state, I finally won out over it. Posts: 1794 | From: Killeen, Tx | Registered: Mar 2006
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No, I am still here.. Kinda hard to sell 45 mil at these prices... especially when the colume is only 42 million.
Posts: 2063 | From: Europe | Registered: Feb 2006
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quote:Originally posted by Robbie English: No, I am still here.. Kinda hard to sell 45 mil at these prices... especially when the colume is only 42 million.
will wait this out til end of May, hope for some big PR by then, or update on brewery...
GLTA
-------------------- I want to see nothing but GREEN! Posts: 434 | From: NJ | Registered: Sep 2005
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What is the buy/sell ratio today with volume * 44million+??? Anyone with streaming data know how much buying is going on with this slow day?
Posts: 136 | From: Anchorage Alaska | Registered: Apr 2006
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wow.. it had a great run this stock.. great volume! If it goes to China.. it should be a huge hit.. Well, now is the time for me to get in.. lol before the next run..
hope to join u all soon and see green. Posts: 6 | From: Virgaina | Registered: May 2006
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been sittin on 300k shares before i got 90-day ban..i finally funded my new scottrade account.. hope i have the funds avail before next PR!
-------------------- Penny stocks are often very volatile, and just as often unpredictable. - Peter Leeds Posts: 254 | From: lawn guy land, new york | Registered: Feb 2006
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Well, I gotta say, this board is like coming home. Oil's got the best (worst) of everyone, leaving a lot of people green and more red (frustrated). It's all starting to look like the tech bubble again. DOW & NASDAQ is up and Oil & Gold have replaced Tech. Everyone's tripping over each other to get to the next play as fast as they can, so they don't miss the boat. Well, that's all well and fine, but eventually, someone's getting burned and the money will come home to roost. Just a thought. Boy, do I miss the family. Anyone else still here? Let's talk RUSH !!!
Posts: 616 | From: Mid West | Registered: Mar 2006
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Wow...I haven't seen it so quiet in here in a long time. Had to go to the very bottom to find the thread =( This is getting very frustrating though, so it's understandable. Hope something happens soon! Although we'd prolly just go down the next day
Posts: 596 | From: New Jersey | Registered: Apr 2006
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I am not trying to bash guys I also personally own 1.2M share of RSHN but just made 2G on some oil stock in a matter of 30min. I will keep my 1.2M share of RSHN for the long run but keep an open mind guys. If you are here to make money do not just stick to this one stock. RSHN will have it's day but it will never compare to the profits that could be made with oil over this next summers time.
Posts: 448 | From: New Jersey | Registered: Aug 2005
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The oil picks made me though...I know this is coming back eventually...I'm not real worried...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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Seems like this post has been loosing steam??? Where is all the family at???
Posts: 448 | From: New Jersey | Registered: Aug 2005
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Nerfreek, how many stocks have you played that jumped 800% a day? Do you know RSHN jumped from 0.0004 to 0.01, or 2500%, in 4 weeks? The game is not over yet, but I know there will be quite a few winners in RSHN, and I know you will be looking for 800% gainers every day. I would love to see more 800% gainers soon. Please post them, thank you.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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I have been scouring the different boards including this board in hopes of finding another 800% - 900% stock I just got in and out of PGPM this morning and made about 2-3K not much for some on this board but sure put a smile on my face If I find any other ones. I will definelty let you guys know. I feel like you guys are family to me and would help you out in any way I could. Hopefully the feeling is mutual...
Posts: 448 | From: New Jersey | Registered: Aug 2005
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Technically CR, you're supposed to be selling now. I hope you know the game here. At least you're in a stock that has a great product and people who believe in it. In my opinion it is only a matter of time before this stock makes everyone happy. This is one I consider a long. (we're talking weeks here)
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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More like at least one year before we are laughing all the way to the bank....
Posts: 448 | From: New Jersey | Registered: Aug 2005
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I'm in this one for at least six months (probably more like a year).
HJ
-------------------- "The gambling known as business looks with severe disfavor on the business known as gambling" Ambrose Bierce Posts: 85 | From: Riverside | Registered: Apr 2006
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are people really trying to find 800% gainers? Lot of wated time that could be spent on making 30-40% a pop. Good Luck on RSHN,,,,I was in way back when. I will jump back in, if they ever disclose solid numbers for us...until then, each PR will get hyped, price will rise, then fall down further than it was pre-PR. IMO
Posts: 781 | From: NE PA | Registered: Jan 2006
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Do you guys think there will be another PR released this Friday and will it hold the same schedule the rest of the PR's were released???
Posts: 448 | From: New Jersey | Registered: Aug 2005
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Yeah I think it will state their new brewery will also double as an oil refinery. LOL
Posts: 89 | From: Portland, OR | Registered: Dec 2005
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quote:Originally posted by netfreak: I have been scouring the different boards including this board in hopes of finding another 800% - 900% stock I just got in and out of PGPM this morning and made about 2-3K not much for some on this board but sure put a smile on my face If I find any other ones. I will definelty let you guys know. I feel like you guys are family to me and would help you out in any way I could. Hopefully the feeling is mutual...
2-3K put a smile on everyones face no matter what level account you have. Anyday in the green should put a smile on are faces. Keep up the good work and remember we all had to start somewhere. That was my impression of Tony Robbins
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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quote:Originally posted by leavenart: Technically CR, you're supposed to be selling now.
I know that...but I also know in a month/few months/years this will make me VERY happy...I'm really not in a hurry...I've had good luck like most others with the oil deals...so the money I have in this is negligable at this point...
Posts: 2024 | From: New Orleans, LA | Registered: Apr 2006
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