Asus' FREE Speech Money Club

[Lottalead]

(BSNS WIRE) RushNet, Inc Buys Chicago Beverage Distributor
RushNet, Inc Buys Chicago Beverage Distributor

Business Editors

BLUE ISLAND, Ill.--(BUSINESS WIRE)----
RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce that the
company has signed a contract to acquire the assets of Garden
Beverage, Inc., a Metro-Chicago beverage distributor. Garden Beverage
will become a subsidiary of RushNet, Inc in an acquisition that was
financed entirely by RushNet. The very capable Garden Beverage
management team will continue to operate this growing distributorship
through the transition period, and they will also play an integral
role in the future direction and operation of the three year old
company.

Garden Beverage hit its 2006 sales projection with revenues in
excess of $5 million, and sales during Q1 of 2007 exceeded those for
the same period in 2006. RushNet is implementing an aggressive growth
strategy for Garden in 2007 that includes both an expanded
distribution territory and deeper penetration into their existing
territory for the fine, high-performing brands they handle.
Additionally, two new divisions are being created that will focus on
health-orientated Specialty Beverages and On-Premise sales. To support
all of the above RushNet intends to add additional personnel and
trucks to meet the anticipated demand in the 2007 summer beverage
season.

RushNet President Robert Corr stated: "I'm glad we got this deal
done as it, importantly, gives us a division focused entirely on
distribution in our home market. Garden Beverage is an inspired
company and has grown impressively in a short time to become a real
factor in the beverages it distributes. I am looking forward to
working with all of the people there to help take them to the next
level. As I've stated before it's only by controlling your
distribution that a company ensures its success and longevity in the
beverage industry. In the 3rd largest market in the U.S. we now have
that platform, and it will give the people at Garden and the brands
they carry, along with RushNet's marketed brands, the deeper market
penetration and rich growth."

He continued, "It's a fine opportunity now for RushNet and its
shareholders to see real appreciation in their investments in the
future. Some proposed deals turn out to not be in the best interests
of shareholders, i.e. burdensome debt and ownership dilution, and we
back away from them like the brewery acquisition and PPM announced
last year. However, we continue to explore other opportunities in the
manufacturing of beverages which would be the third phase of RushNet's
long- term growth strategy, distribution is the second. We got the
Garden deal done in eight months, which is within the customary window
for such things. I want to thank our shareholders for their patience
and support of us."

This press release contains certain "forward-looking" statements,
as defined in the United States Private Securities Litigation Reform
Act of 1995 that involve a number of risks and uncertainties.
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 that could cause
actual results to differ materially from those estimated by the
Company. They include, but are not limited to, the Company's ability
to develop operations, the Company's ability to consummate and
complete an acquisition, the Company's access to future capital, the
successful integration of acquired companies, government regulation,
managing and maintaining growth, the effect of adverse publicity,
litigation, competition, sales and other factors that may be
identified from time to time in the Company's public announcements.

This press release is provided for information purposes only and
is not intended to constitute an offer to sell or a solicitation of an
offer to buy securities.



KEYWORD: NORTH AMERICA ILLINOIS UNITED STATES
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE SUPERMARKET MERGER/ACQUISITION
SOURCE: RushNet, Inc.


CONTACT INFORMATION:
RushNet, Inc. at Signature Leisure, Inc.
Gemma Matthews, 260-456-5241

*** end of story ***