RushNet Declares Dividend of Apple Rush Shares
17 January 2008 - 3:24AM
Business Wire
RushNet, Inc. (RSHN.PK) announces that it has declared a dividend
of 8,625,534 shares of Apple Rush, Inc., to be distributed to
RushNet, Inc. stockholders of record on January 23, 2008 on the
basis of 1 Apple Rush share for every 896 RushNet shares held with
fractional shares rounded to the nearest whole number. Distribution
of the dividend will commence on Monday, January 28, 2008 and be
completed as soon as possible. RushNet stockholders holding their
shares with a broker-dealer should receive from their
broker-dealer, notification of the amount of dividend for each
stockholder as well as the costs and procedures for a certificate
registered directly to the stockholder if so desired. The Apple
Rush shares are restricted securities which have not been
registered with the Securities and Exchange Commission. The Company
anticipates that Apple Rush, Inc., will be filing a registration
statement including these shares for public resale in the current
quarter. Robert Corr, President of RushNet, Inc. stated: �This
dividend is the fulfillment of a commitment to the RushNet
stockholders on the spin out of Apple Rush, Inc., made in November
2007. It�s another important step in our synergistic business
development of RushNet and Apple Rush (APRU.PK) and the promotion
of shareholder value.� RushNet Inc. www.enjoytherush.com is a
beverage marketing company with a dynamic array of natural and
organic beverages that it sells to distributors throughout the U.S.
and into export markets. The line of quality beverages includes;
e-water (R) (RushNet is the brand owner), Ginseng Rush (R), Ginseng
Rush XXX and Rush Cola (R). Apple Rush www.applerus.com is a
separate Public Company that produces and markets a line of
Sparkling Organic beverages. Disclaimer: The Company relies upon
the 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 (PK) (USOTC:RSHN)
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