Palm Coast, FL, March 30, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- RushNet Inc. (OTC Pink: RSHN) - Effective immediately, RushNet Inc. and StopDrops, Inc. entered into a termination agreement, as to the StopDrops acquisition.
While the timing for the acquisition appeared to be perfect at the time, with the economic consequences attending the Covid-19 outbreak, the parties determined to abandon this initiative. However, the companies and the principals will continue to work together to enable RushNet and its joint venture companies to benefit from the retail outlet connections enjoyed by StopDrops.
There will be no reverse stock split. That has been abandoned.