NEWS NEWS NEWS NEWS NEWS
Posted by: MOMO
In reply to: None Date:11/3/2006 9:16:15 AM
Post #of 30734
RSHN(.0022)RushNet, Inc. to Bring Subsidiary Public and Issue Dividend
Business Wire "US Press Releases "
BLUE ISLAND, Ill.--(BUSINESS WIRE)--
RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce that, due to the universally enthusiastic response to its Organic Apple RUSH(TM) line, the Company plans the public initiation of a new subsidiary called the Apple Rush Company.
According to Robert J. Corr, president of RushNet, Inc., every RushNet, Inc. shareholder of record will receive, within a prescribed time frame, a dividend of free-trading common stock ownership in the Apple Rush Company. Corr said that execution of this plan is expected to occur within 90 days. The Company will soon set and announce the number of shares of Apple Rush Company each RushNet, Inc. shareholder will receive along with the ex-dividend date.
The Apple Rush Company will be launched as a publicly traded company and will own all rights to the Organic Apple RUSH(TM) line of products. Apple Rush Company will market and license Apple Rush products exclusively through RushNet, Inc.
RushNet, Inc. also announced that new Organic Green Apple RUSH(TM) is in development. Further, the Company plans to add seven new flavor varieties of Organic Apple RUSH(TM) to its line-up including blackberry, cranberry, pomegranate, black cherry and others.
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 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 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 company's public announcements.
Source: RushNet, Inc.
Pete
GO GATORS
statements made by me are considered opinions of mine unless those statements are made of facts.
