RushNet Inc (RSHN)

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RushNet Inc.: RushNet Accepts New Deal

Blue Island, Illinois, May 02, 2006 (M2 PRESSWIRE via COMTEX News Network) --

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: [phone]

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