Apple Rush Co., Inc. Receives FINRA Approval for Restructuring
September 14 2011 - 8:29AM
Marketwired
Apple Rush Co., Inc. (PINKSHEETS: APRU) is pleased to announce that
the Company has received FINRA approval for restructuring. Apple
Rush's Board of Directors previously approved a recapitalization
plan in order to position itself for growth over the next twelve
months. The recapitalization plan is designed to increase financial
flexibility for Apple Rush and its shareholders.
The Apple Rush Board approved a one thousand five hundred
(1,500) to one (1) Reverse Split for all common shares. This
transaction will be effective as of September 14, 2011. The
recapitalization plan allows Apple Rush greater flexibility to
utilize the assets of the Company in the future for corporate
purposes, including raising capital, acquisitions or employee
compensation, with limited dilution of existing stockholder voting
rights. As a result of this announcement, the stock symbol will be
changed temporarily to APRUD for a period of 20 business days after
September 14, 2011.
In February 2011, Apple Rush Co., Inc. had its bankruptcy
dismissed by the United States Bankruptcy Court Northern District
of Illinois Eastern Division. Apple Rush Co., Inc. resumed trading
on the OTC Markets under the symbol APRU. Subsequently, management
initiated a recapitalization plan which has resulted in a
significant reduction of operating expenses and debt.
Apple Rush continues to make advancements in product development
as the new Blueberry and Black Cherry flavors were launched in the
3rd Quarter of 2010. The new flavors are available in both bottles
and cans in all of the Company's market areas. These organic
products contain real juice with no added preservatives.
Blueberries and Black Cherries are literally bursting with
nutrients and flavor, yet very low in calories. Recently,
researchers at Tufts University analyzed 60 fruits and vegetables
for their antioxidant capability. Blueberries came out on top,
rating highest in their capacity to destroy free radicals. See
"FEEL THE RUSH" 2012
http://www.flickr.com/photos/67490341%40N05/6145156323/in/photostream/lightbox/
About Apple Rush Co., Inc.: Apple Rush
Company, Inc. is a producer of Organic 100% Juice Sparkling
Beverages and Naturally ZERO Waters. The company markets its
products through an extensive distribution network nearly 30
Distributors throughout the U.S. and in foreign markets. The
Company's flagship product line of Organic Apple Rush™ Sparkling
Beverages currently has four mainstream flavors in glass bottles
and will introduce the waters this summer.
Safe Harbor: 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.
Contact: Apple Rush Company, Inc. 708-841-7960
http://www.gfreev.com http://www.gfreev.com/applerush.html
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