ALPHARETTA, GA / ACCESSWIRE / July 15, 2021 / RushNet, Inc. (OTC PINK:RSHN), ("the Company") is pleased to announce the first Board Member of heliosDX upon the Split-Off of RushNet, Inc.
Our first Board Member is Mr. Scott Wakeman. Mr. Wakeman currently serves as the Executive Vice President of Operations for Edible Arrangements, where he oversees Store Operations, Customer Service, and Development/Training. Prior to his current position, he managed Marketing, Field Marketing and Creative Services for Edible as Executive Vice President of Marketing.
Before joining Edible in 2019, Scott held a variety of senior marketing roles including Vice President of Marketing at Checkers and Rally's, Head of Marketing and Broadcast for the Houston Astros and Group Vice President at Grey Advertising. Mr. Wakeman began his career in packaged goods and has served in general management roles at several Fortune 500 companies, including Colgate-Palmolive, L'Oréal and Bacardi. Mr. Wakeman is an alumnus of Emory University where he received a Bachelor of Arts degree with honors in Political Science and captained the varsity basketball team. He also received an MBA from Duke University. You can view Mr. Wakeman's linked in profile by Clicking Here.
heliosDX feels extremely fortunate to be able to add such talent to its Board of Directors. The company recently finished its Phase One rebranding strategy from Chattahoochee Labs to heliosDX. The company is preparing to launch a national sales campaign in the coming weeks to further its already rapidly increasing footprint. The campaign is designed to accomplish two goals. The first goal is to grow our sales reach and gain incremental new business across the country. The second goal is to utilize the national sales campaign as a mechanism of pushing the heliosDX brand further, in what we are calling Phase Two. heliosDX believes Mr. Wakeman's experience in senior leadership with marketing and operation roles brings many synergies with the national branding and marketing efforts currently ongoing. Mr. Wakeman will be a vital asset serving in an advisement capacity to heliosdX as we continue to create brand awareness nationwide.
heliosDX was recently acquired by RushNet, Inc, which was the first milestone for heliosDX realizing its goal to becoming a fully reporting standalone company trading under its own symbol. The company is currently preparing its applications for FINRA, SEC and disclosures.
heliosDX previously announced there will be a dividend of 1 share of heliosDX for every 800 shares of RushNet owned upon close of the ex-dividend date. RushNet shareholders have access to purchase 11 additional shares of heliosDX per 1,000 shares of Rushnet, Inc at a 50% to market upon the close on the ex-dividend date. For every 10 shares purchased at the discount to market of 50% the shareholder receives one additional share of heliosDX.
heliosDX would like to formally announce it will also include the ability to convert qualified shares of Rushnet into heliosDX upon the split-off. A qualified share of RushNet is a share owned on the close of the ex-dividend date. The conversion ratio is yet to be determine but is customarily done at an equal value with an incentive percentage to convert. The incentive percentage has not been determined but will not be less than 10%.
heliosDX believes this provides a unique opportunity to bring considerable value to RushNet shareholders and has significant impact on lowering the Share Structure of RushNet, Inc upon split-off. The ex-dividend has not been determined. There will be additional information released in the near-term regarding the ex-dividend date and qualification guidelines.
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