TRADESHOW NEWS
(sorry about being late. I was helping my Grandma buy groceries. Sounds cheesy but true, lol)
Allright alopex63 allowed me to utilize his pass to the tradeshow so I went over there yesterday to check out the Booth for Rush and AppleRush and ask Mr. Corr some questions.
Questions for the Show
1. There’s been rumor that shareholders may still receive a dividend of some sort from AppleRush Inc. although it was believed that these plans were scrapped. Is this true?
Yes. The dividend plan is ongoing and the paperwork concerning it is near completion. All RSHN shareholders will be receiving shares in AppleRush when it is IPO'd. He didn't specify whether or not the dividend would be performed along the same ratio as the previous dividend announcement had stated.
2. Are there any thoughts of merging Applerush and Rush into one company and/or uplisting to the OTC:BB stock exchange?
Absolutely! His major goal is to have both companies operating under the same roof and eventually move into the major stock exchanges. He's already in talks with major companies with stocks trading on the Nasdaq and NYSE in efforts to form partnerships or merge with some sort of shell or OTC:BB traded company to slowly climb the ladder.
3. I know that the transfer agent covering RSHN is First American Stock Transfer, Inc. but they tell us to go to company officials for the proper share count. Can you please tell me what the current numbers are for the outstanding shares and the current authorized share count? How many shares are held by the company itself? I know you're asked this a lot but there's still a lot of speculation going on about that.
According to Corr
OS = A little bit under 4 billion
AS = 6 billion
Company holds "several billion"
4. A lot of investors have been under the impression that the number of outstanding shares was much greater than that. Does this mean you've been doing a silent buyback or retirement? If not do you plan to make positive adjustments to the share structure in the near future by way of buybacks and/or retirement of shares?
Corr said that he has not been buying back shares as of yet, but he does plan to do so when there's more revenue coming through as a means of rewarding current share holders.
5. How’s the plan to purchase the bottled water plant in Northern Georgia coming along?
It's coming along nicely. The main thing that is slowing down the acquisition is that the plant needs a blending tank for the production of the e-water. RushNet is budgeting to purchase the plant along with needed equipment and the equipment costing is being done now.
6. Since you decided not to go through with the purchase of Gray’s brewery, do you have your eyes set on any other brewery and or breweries?
No, he isn't looking into brewery purchases for the time being.
7. How did the Deep Ocean E-water version do at the tradeshow in Japan?
The design for the new e-water label gained a lot of attention from consumers but that was all that was displayed at the show in Japan by way of the new e-water bottles. In other words it was just a showcasing of the concept for the bottle design. There will be a production run for the new e-water bottles next month.
8. Has AppleRush made a presentation for the Restaurant Chain that showed interest in the Apple Rush line at its home office in Minnesota?
No, but they will be going to in the very near future. The reasoning for their not presenting as of yet is because the chain wanted them to have an l.e.d (neon) sign that would be put out in the front of all 450 locations showing that they had the AppleRush products (sounds like it's pretty much decided already. The signs have already gone into production).
9. What’s up with the whole approval in Japan process?
The reasoning for it taking so long was that they were having trouble finding a bottler that would be able to take all of the ozone out of the e-water. We're gonna be in Japan strong though. Gen 2 international who we all know (well most anyway) has Japanese 7-11's under it's belt is doing big things for Rush. Speculating on whether or not 7-11 Japan might want Rush products is over, because Mr. Corr has been contacted by 7-11 Japan and they want e-water in their stores.
:/ hmm... maybe I should've bolded some stuff earlier on... oh well, lol
also:
1/2 dozen companies in Korea wants AppleRush products
600 stores in Hong-Kong
Companies in Australia
Europe as well
A Canadian company with 1,000 stores wants the beverages.
*Oh yes Kraft wants a presentation as well
10. Do you plan on reporting financial statements anytime soon? This question has been causing a slight bit of turmoil as of late with investors.
Yes. As with the dividend process the paperwork is being worked on right now. He said that by the end of this month AppleRush will be pulling at least $100,000 in revenue per month
Cameras weren't allowed at the show unless you were a badged member of the press but I managed to sneak some pics in. I'll be posting those up or at least a link to them a little later. Mind you they're not the best cause I had to do them on the sly
AI
