GLENVIEW, Ill., May 15, 2012 /PRNewswire/ -- Apple Rush® Co.,
Inc. (Pink Sheets: APRU.PK). The company is providing a
dividend to all the Apple Rush Co., Inc. stockholders and to all
the RushNet Inc. (RSHN.PK) stockholders in the form of ownership
two newly formed companies to be public and OTC reporting.
Rush Holding Company, in the process of Wyoming incorporation, will own the following
trademarks: APPLE RUSH, GINSENG RUSH and HARD RUSH. The new HARD
RUSH is a juice and alcohol beverage that is in product
development.
The company is making an application for trademark
approval. In addition to a complete ownership in the
trademarks, this new Wyoming Company shall be a public entity and
will also own all of the Illinois
distributorship, Corr Brands, Inc.
This company owns and controls basic alcohol permits to import and
distribute beer and wine in the State of
Illinois. Presently the license to distribute Apple Rush is
given to Apple Rush, Inc. The license will be transferred to
Rush Holding Company and Apple Rush, Inc.
will continue to sell the brand, Apple Rush, as an exclusive
agent in the Americas.
A second Wyoming corporation is
also being formed, Capital Rush Inc., and will be a public company.
Capital Rush Inc. will be the financial arm to finance the
operations of the companies marketing and selling the drinks and
products being offered by Rush Holding Company for distribution in
Americas.
Capital Rush Inc. will also invest in other quality beverages
and healthy foods with vegan, gluten free and kosher varieties
The previous license for Ginseng Rush held by RushNet Inc. will
transfer to Apple Rush Co., Inc for distribution along with
the Apple Rush Brand.
Robert Corr, President and CEO,
adds, "The Apple Rush and RushNet stockholders have requested that
we transfer all of the trademarks and licenses into one holding
company, which would then be owned by the Apple Rush and RushNet
shareholders. Accordingly, the process is underway.
Management's expectation is this combination will confirm to
shareholders of both companies that management intends to unite the
companies and capitalize on the brand strength and build and
protect shareholder value and allow for well capitalized
growth.
About Apple Rush® Co., Inc.: Apple Rush Co.
formulates, develops and markets a product line of 100% Organic
Juice beverages with distributors that sell the product line in
several major markets including the
United States, Canada,
Japan, Puerto Rico, and Israel.
About Corr Brands, Inc.
Corr Brands holds a basic Alcohol
permit to sell beer and wine, domestic or imported in the state of
Illinois. And will develop the
Hard Rush alcoholic beverages in America.
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.
708-8417960
http://www.applerush.com
http://www.gfreev.com
http://www.gfreev.com/applerush.html
SOURCE Apple Rush Co., Inc