RushNet, Inc. Retires Two Billion Issued-and-Outstanding Shares
Business Wire "US Press Releases "
BLUE ISLAND, Ill.--(BUSINESS WIRE)--
RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce the Company has reacquired and retired two billion of its issued-and-outstanding common shares and returned them to treasury. As a result, the number of outstanding common shares is reduced from 5.4 billion to 3.4 billion issued-and-outstanding common shares. The company is evaluating whether further reductions in share structure may be warranted.
RushNet, Inc. is the licensed marketing agent for Rush Beverage Company whose products include all-natural soft drinks Ginseng Rush(R), Ginseng Rush XXX(TM), Rush Ginseng Cola(TM) and the Organic Apple RUSH(TM) line. RushNet, Inc. is the brand owner of e-water(TM).
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 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 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; 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.
Posts: 2063 | From: Europe | Registered: Feb 2006
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Great volume: *** Price Size Exch Time 0.0022 1250000 OTO 10:15:44 0.0022 40000 OTO 10:15:12 0.0023 400000 OTO 10:15:12 0.0023 1000000 OTO 10:15:10 0.0023 50000 OTO 10:14:34 0.0023 250000 OTO 10:13:45 0.0023 1000000 OTO 10:13:45 0.0022 941743 OTO 10:13:30 0.0023 1000000 OTO 10:13:30 0.0022 58257 OTO 10:13:28 0.0023 1000000 OTO 10:13:20 0.0023 441743 OTO 10:12:21
Posts: 3228 | From: Michigan | Registered: Aug 2005
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Now a pr stating contracts and numbers and all will be forgiven BOB,thanks ahead for a speedy pr.
Posts: 534 | From: florida | Registered: Feb 2006
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Lets re-post this here for Newbies as this was good news also.
Press Release Source: RushNet, Inc.
RushNet, Inc. Updates e-water(TM) Japan; Prepares Holiday Promotions Friday October 27, 4:33 pm ET
BLUE ISLAND, Ill.--(BUSINESS WIRE)--RushNet, Inc. (Pink Sheets:RSHN - News) is pleased to announce the following developments: ADVERTISEMENT
1) RushNet's relationship with its Japanese importer has gained momentum as RushNet prepares for first Japanese purchase order of e-water(TM). The importer, representing a significant portion of the Japanese beverage market, is seeking exclusive rights to sell e-water(TM) in Japan. An agreement, favorable to both Company and importer, is being fashioned so that consumers throughout Japan can enjoy e-water(TM), a wholly owned RushNet, Inc. product.
2) RushNet is coordinating special holiday promotions for its carbonated products with regional U.S. distributors. Company reports increasing order-flow and strong demand.
3) RushNet is applying for "USDA Organic" seal for its acclaimed Organic Apple RUSH(TM) line. The Minnesota plant packing Organic Apple RUSH(TM) is also applying for "USDA Organic" certification for said facility. Following USDA approval, RushNet, Inc. would become an "Organic Trading Agent."
4) Organic Rush Cola(TM) will be rolled out next summer in bottles and cans throughout the USA and in Canada by early 2007
5) In two weeks, Company will inaugurate a new website featuring corporate updates.
6) The Non Objecting Beneficial Owner (NOBO) list, under intense review by RushNet, counts 4,231 individual shareholders, constituting a significant fraction of total shareholder base.
To obtain the most accurate outstanding share count, Company has further requested ADP provide an exact number of RushNet, Inc. common shares classified as "OBO," i.e., belonging to Objecting Beneficial Owners. Studies show "OBO" share totals generally exceed "NOBO" totals. RushNet expects to publish an outstanding share count and revised official issued-and-outstanding share count in November.
RushNet, Inc. is licensed marketing agent for Rush Beverage Company whose products include all-natural soft drinks Ginseng Rush®, Ginseng Rush XXX(TM), Rush Ginseng Cola(TM) and the Organic Apple RUSH(TM) line. RushNet, Inc. is brand owner of e-water(TM).
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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Yeah, I feel great. Alot of old faces are back in the game. Where is Matto? Yo Joe, you out there?
Posts: 2063 | From: Europe | Registered: Feb 2006
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Hi guys, can't keep up this morning. 92M shares traded already. MM's doing the mid morning shake. EOD may finally show us the way. This volume and percent change wil get some play on a lot of sites and bring in some new blood.
Lots of old faces showing up for the new party.
Rock on RSHN!
-------------------- 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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I'VE BEEN WATCH'N RSHN FOR A YEAR NOW ....I HAVE ALWAY HAD FAITH IN THIS COMPANY.....
Posts: 100 | From: IL | Registered: Aug 2006
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I would love to see 150 mil in volume today... or more. More is always nice...lol
Posts: 2063 | From: Europe | Registered: Feb 2006
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Still 3.4 billion out. That’s a ton of shares. If they continue the buyback, I may buy. Also remember, a company can say they will buyback, but are not required to follow through with the claim. A step in the right direction though. Posts: 4381 | From: houston | Registered: Mar 2006
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They don't have to "buy" restricted shares. They just retire them. Nobody ever "bought" them in the first place as they were intended for Lynch.
-------------------- My opinions only. Do your own DD. Posts: 85 | From: Ohio | Registered: Oct 2006
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Point is those are 2 billion we do not have to worry about hitting the market through dilution anytime soon.
Posts: 2063 | From: Europe | Registered: Feb 2006
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Well, its still a smaller share count than we had with the first run in which I made 1,550% AND it DID NOT fall over a day. It took many months to fall back to .002 in which I am still up 500% on my original investment.
This stock is something special and will prove many wrong. E-water alone will do wonders.
Sry, really got to go now. Damn do I want to stay and watch...
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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