RushNet Declares Dividend of Apple Rush Shares
BUSINESS WIRE
Posted: 2008-01-16 11:26:18
BLUE ISLAND, Ill.--(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. |
