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RushNet Declares Dividend of Apple Rush Shares
Last update: 11:24 a.m. EST Jan. 16, 2008Print E-mail RSS Disable Live Quotes
BLUE ISLAND, Ill., Jan 16, 2008 (BUSINESS WIRE) -- RushNet, Inc. (RSHN.PK) announces that it has declared a dividend of 8,625,534 shares of Apple Rush, Inc., to be distributed to RushNet, Inc. stockholders of record on January 23, 2008 on the basis of 1 Apple Rush share for every 896 RushNet shares held with fractional shares rounded to the nearest whole number. Distribution of the dividend will commence on Monday, January 28, 2008 and be completed as soon as possible. RushNet stockholders holding their shares with a broker-dealer should receive from their broker-dealer, notification of the amount of dividend for each stockholder as well as the costs and procedures for a certificate registered directly to the stockholder if so desired. The Apple Rush shares are restricted securities which have not been registered with the Securities and Exchange Commission. The Company anticipates that Apple Rush, Inc., will be filing a registration statement including these shares for public resale in the current quarter. Robert Corr, President of RushNet, Inc. stated: "This dividend is the fulfillment of a commitment to the RushNet stockholders on the spin out of Apple Rush, Inc., made in November 2007. It's another important step in our synergistic business development of RushNet and Apple Rush (APRU.PK) and the promotion of shareholder value." 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). Apple Rush www.applerus.com is a separate Public Company that produces and markets a line of Sparkling Organic beverages. 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. RushNet, Inc. Robert Corr Phone: 708-389-6625 Website: www.enjoytherush.comPosts: 2063 | From: Europe | Registered: Feb 2006
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"to be distributed to RushNet, Inc. stockholders of record on January 23, 2008 on the basis of 1 Apple Rush share for every 896 RushNet shares"
Posts: 2063 | From: Europe | Registered: Feb 2006
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Oh c'mon wit, don't be so hard on them. Who wouldn't want 1/896th of a share of a worthless stock!?!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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its not a complete loss for those who want a quick and a i do mean quick double... I personally don't own any shares, I guess I got lucky... but those that want free shares of a company that will prolly end up the same way that rush did, I guess you ain't in all that bad a shape.. <shrugs>
-------------------- -Federated Records ...live learn gain... Posts: 75 | From: Johnson City, TN | Registered: Feb 2004
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quote:Originally posted by Federated Records: its not a complete loss for those who want a quick and a i do mean quick double... I personally don't own any shares, I guess I got lucky... but those that want free shares of a company that will prolly end up the same way that rush did, I guess you ain't in all that bad a shape.. <shrugs>
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one of those two or three day trades, you guys might remember Casavant (CMKX Diamonds)?!?! Alot of trades there - quick doubles, in at 0001 and out at 0002...
Just an idea I guess, I dunno...
-------------------- -Federated Records ...live learn gain... Posts: 75 | From: Johnson City, TN | Registered: Feb 2004
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