RushNet Inc. Gains New Brands With Brewery Purchase; Major Increase in Licensed Product Base Realized
12 April 2006 - 4:16AM
Business Wire
RushNet, Inc. (Pink Sheets:RSHN) proudly announces that RushNet's
President, Robert J. Corr, and investment group Lynch Partnership
One ("LPO"), led by well-known entrepreneur Michael Lynch, have
agreed to terms with the owners of a regional Midwest brewery, and
will proceed with the private acquisition of the brewery in order
to promote the future expansion of RushNet, Inc. throughout the
beverage industry. With years of experience in the brewing
industry, RushNet President Robert Corr understands the potential
for future expansion and enhanced profitability through the
acquisition. He stated that, "Upon completion of this purchase by
the two parties, RushNet, Inc. will be appointed as the exclusive,
Licensed marketing agent for the brewery's existing branded
products along with new beverage items to come. The brewery
alliance, by providing RushNet with a constant stream of innovative
quality beverages, can transform our company into a full-fledged
beverage marketing firm." Sales at the brewery were up 40% in the
first quarter of 2006 compared to the same period last year. The
brewery, one of America's oldest, has been family owned and
operated for over 100 years and brews and produces its own
high-quality branded line of alcoholic and malt beverages, and
gourmet sodas. For fifteen years it has packed Ginseng Rush and
other Rush Beverage Co. products, and the brewery also does private
label work for other companies. Both Michael Lynch of LPO and
Robert Corr of RushNet Inc. intend to compound the value of the
traditional brewery. Mr. Corr explained that "The new owners will
introduce a complete line of innovative all-natural beverages, such
as fresh-brewed flavored teas and sodas, and lightly carbonated
100% juice drinks. We will install a modern tunnel pasteurization
unit at the brewery to ensure integrity of the all-natural
ingredients without the use of preservatives. The latter also gives
me the chance to reintroduce a Ginseng Beer like I made in the 90's
and distribute it worldwide with my new partner Michael Lynch.
Michael has special affection for the Rathskeller and Rock Hard Red
products the brewery makes." RushNet, Inc., Licensee of the highest
quality Rush Ginseng Sodas and the new e-water(TM), have recently
expanded distribution into Southern California, Midwest and East
Coast supermarkets and convenience stores, making the products more
easily available to meet the growing demand being created by the
national consumer PR campaign and investor requests. The correct
link for Real-Time Pink Sheets Inside and Level 2 Quote Montage for
RSHN (RushNet,Inc.) is:
http://www.pinksheets.com/quote/quote.jsp?symbol=rshn RushNet Inc.
is the licensed marketing agent for Rush Beverage Company products
including Ginseng Rush(R), Ginseng Rush XXX(TM) and Rush Ginseng
Cola(TM). RushNet, Inc. is the brand owner of e-water(TM).
Disclaimer: The Company relies upon Safe Harbor Laws of 1933, 1934
and 1995 for all public news releases. Statements, which are not
historical facts, are forward-looking statements. The company,
through its management, makes forward-looking public statements
concerning its expected future operations, performance and other
developments. Such forward-looking statements are necessarily
estimates reflecting the company's best judgment based upon current
information and involve a number of risks and uncertainties, and
there can be no assurance that other factors will not affect the
accuracy of such forward-looking statements. It is impossible to
identify all such factors. Factors which could cause actual results
to differ materially from those estimated by the company include,
but are not limited to, government regulation; managing and
maintaining growth; the effect of adverse publicity; litigation;
competition; and other factors which may be identified from time to
time in the company's public announcements.
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