Just a reminder, Old PR.
Hey everyone, I just wanted to drop this out there for everyone to see again...
RushNet Appoints Kehe Food Distributors; e-water(TM) Goes Nationwide.
Publication: Business Wire
Publication Date: 25-OCT-05
Format: Online - approximately words
Delivery: Immediate Online Access
Article Excerpt
BLUE ISLAND, Ill. -- RushNet, Inc. (Pink Sheets:RSHN.PK) is pleased to announce that Kehe Food Distributors, a major specialty and natural foods wholesaler operating in 35 states and serving over 9000 grocery stores, has accepted RushNet's licensed beverages Ginseng Rush(TM) and Ginseng Rush XXX(TM) for national distribution. Accounts for Kehe Food include the biggest names in the grocery business such as Kroger's (the nation's...
Now, it would make total sense for Rush to purchase a brewery to meet this demand eh? Maybe even find an investor to help fund increased production and ramp up inventory? Oh wait, maybe that's why Bob Corr said this:
News from Business Wire
RushNet, Inc. Issues Letter to Shareholders
Thursday, December 01, 2005
BLUE ISLAND, Ill. (Business Wire) -- RushNet, Inc. (Pink Sheets:RSHN.PK) president Robert J. Corr issued the following statement to stockholders of the company.
Dear Shareholders:
In response to numerous calls and letters, I take this opportunity to
apprise stockholders of the current status of our company and our
plans going forward. At once let me say I have had the pleasure of
talking to many of you since January 2004, the first month of my
tenure at RushNet, Inc. The company welcomes your input and
suggestions. We're all on the same team here, as I am a shareholder
too.
Share Structure
As of 30 November 2005:
Public Float: 1,272,418,582 shares
Restricted (Management Owned): 719,133,280 shares
Issued and Outstanding: 1,991,551,862 shares
Authorized Shares: 4,000,000,000
The company recently authorized an increase from two to four billion
shares total. This increase allows RushNet, Inc. to act in the best
interests of shareholders by securing a partner who can adequately
finance the company's ambitious growth plans. To this end, we have
retained a capital management firm to guide us to a private placement
partner. The expected market penetration and profitability resulting
from such a partnership should benefit us all with increased share
value.
Pursuant to a successful private placement, we expect the company to
be owned--one-third by regular stockholders, one-third (restricted
shares) by management, and one-third (restricted shares) by the
private placement partner(s).
Trade Data
RushNet, Inc. currently sells four products in the marketplace:
Ginseng Rush(TM), Ginseng Rush XXX(TM), Rush Cola(TM) and e-water(TM).
Trade show and market activity since summer 2005 has ballooned the
company's invoices to nearly $100,000. These represent a mix of new
orders and re-orders from billion-dollar food and beverage
distributors across the nation. We expect order flows to continue and
increase. Trade payables equal approximately $30,000.
For December 2005, we anticipate:
1) a scheduled sample bottling run of e-SportO2 Water(TM), an advanced
alkalinizing sports drink. (Distributors to receive samples in January
2006.)
2) the reformulated version of Rush Cola(TM), an all-natural cola
blended with ginseng and herbs, to debut in Canada;
3) new items Ginseng Rush(TM) Capsules and Ginseng Rush XXXX(TM)
Extract to debut in the United States.
4) growing the e-water(TM) brand through royalty license agreements
with regional bottlers. We are currently in negotiations with one such
bottling firm.
Conclusion
Finally, let me reassure stockholders that your management team is
working diligently to assemble a dynamic portfolio of truly innovative
and healthful all-natural beverages and dietary supplements. We know
the market is eager for such products. It is precisely because of the
enthusiasm and demand for our offerings that we need to take
additional steps which can, we trust, establish our expanding product
lines as truly national brands.
Yours faithfully,
Robert J. Corr
President
RushNet, Inc.
All this in 9 months? I'd say he's done a pretty damn good job. Incompetence? Hardly.
Just because we aren't hearing from the company doesn't mean they are "imcompetent" or "sleeping at their desks". More likely, busting their asses to build the company...
AI
