RushNet, Inc. Orders NOBO and DTC Share Audit; Seeks Accurate Outstanding Share Count
17 October 2006 - 6:37AM
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�, Ginseng Rush XXX�, Rush Ginseng Cola�
and the Organic Apple RUSH� line. RushNet, Inc. is brand owner of
e-water�. 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. 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). 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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