RSHN -- RushNet, Inc. Orders NOBO and DTC Share Audit; Seeks Accurate Outstanding Share Count
BLUE ISLAND, Ill., Oct 16, 2006 (BUSINESS WIRE) -- RushNet, Inc. (Pink
Sheets:RSHN) announces the Company has instituted steps to determine an accurate
inventory of common shares held in any and all shareholder accounts. RushNet
believes its shares may be the target of irregular trading activity and will
compare the Company's issued-and-outstanding share count versus actual
shareholdings. To this end, RushNet has initiated a share audit that includes
DTC position reports, Non-Objecting Beneficial Owners list (NOBO) and transfer
agent records. Final share-audit results will be made publicly available as soon
as received and analyzed.
Robert Corr, president of RushNet, Inc., commented, "We are taking strong measures designed to protect our shareholders and maintain the integrity of trading in our stock. The accurate inventory of outstanding shares is but the opening gambit. In addition, starting this week and next, the Company will announce a number of specific developments and opportunities which position our company for rapid growth."
RushNet Inc. is 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 brand owner of e-water(TM).
SOURCE: RushNet, Inc.
CONTACT: RushNet, Inc. Robert Corr, 708-389-6625
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