RSHN -- RushNet, Inc. to Bring Subsidiary Public and Issue Dividend
BLUE ISLAND, Ill., Nov 03, 2006 (BUSINESS WIRE) -- RushNet, Inc. (Pink
Sheets:RSHN) is pleased to announce that, due to the universally enthusiastic
response to its Organic Apple RUSH(TM) line, the Company plans the public
initiation of a new subsidiary called the Apple Rush Company.
According to Robert J. Corr, president of RushNet, Inc., every RushNet, Inc. shareholder of record will receive, within a prescribed time frame, a dividend of free-trading common stock ownership in the Apple Rush Company. Corr said that execution of this plan is expected to occur within 90 days. The Company will soon set and announce the number of shares of Apple Rush Company each RushNet, Inc. shareholder will receive along with the ex-dividend date.
The Apple Rush Company will be launched as a publicly traded company and will own all rights to the Organic Apple RUSH(TM) line of products. Apple Rush Company will market and license Apple Rush products exclusively through RushNet, Inc.
RushNet, Inc. also announced that new Organic Green Apple RUSH(TM) is in development. Further, the Company plans to add seven new flavor varieties of Organic Apple RUSH(TM) to its line-up including blackberry, cranberry, pomegranate, black cherry and others.
RushNet, Inc. is the 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 the brand owner of e-water(TM).
SOURCE: RushNet, Inc.
CONTACT: RushNet, Inc. Robert Corr, 708-389-6625
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