Apple Rush and RushNet Announce Change to Management Team and Strategy Update
March 12 2014 - 10:00AM
Marketwired
Apple Rush and RushNet Announce Change to Management Team and
Strategy Update
CHICAGO, IL--(Marketwired - Mar 12, 2014) - Apple Rush, Inc.
(PINKSHEETS: APRU) and RushNet, Inc. (PINKSHEETS: RSHN) have
announced that Robert Corr has resigned as CEO and director of both
companies as of March 10, 2014. In contemplation of the
recently announced acquisition of a controlling interest in Apple
Rush by LiveWire Ergogenics, Inc (OTCQB: LVVV), Tony Torgerud, the
current divisional sales manager of LiveWire, has been appointed
interim CEO pending the search for a permanent
replacement.
Commenting on Mr. Corr's resignation and the appointment of Mr.
Torgerud, Bill Hodson, CEO of LiveWire stated, "We appreciate the
contribution that Bob has made to Apple Rush and his forward
thinking about active ingredients in the beverage industry. Apple
Rush will continue to work with Bob to utilize his extensive
contacts and relationships in the industry in order to expand its
distribution platform. Tony Torgerud has been instrumental in the
development of markets for the LiveWire brand and has a solid
understanding of the LiveWire business model. His experience
will help us build a permanent management team."
Hodson commented further, "During Tony's interim period Livewire
will be actively engaged in renegotiating and restructuring Apple
Rush's debt prior to the consummation of the transaction to acquire
a controlling interest of Apple Rush. The Apple Rush deal has
always contemplated that a restructuring of its balance sheet must
be achieved before the transaction is finalized so that Apple Rush
emerges unimpeded by any legacy debt."
For more information about LiveWire Ergogenics, Inc., or to find
a LiveWire Territory Manager near you, please visit
www.livewireenergy.com.
About LiveWire Ergogenics, Inc. (OTCQB: LVVV) and LiveWire
Energy™ Chews LiveWire Energy™ chews are manufactured in Orange,
California by LiveWire Ergogenics Inc. Designed for consumers
with an action-packed lifestyle, LiveWire Energy™ chews are
pocket-sized, portable alternatives to bulky energy drinks or
shots. Available in seven different flavors, the Company's
grab-n-go packaging responsibly displays the amount of caffeine in
each chew, including Citrus Mango (90 mg caffeine), Pomaberry
(90 mg caffeine), Chocolate (100 mg caffeine), Mint Chocolate (120
mg caffeine), Sour Apple (90 mg caffeine), Cinnamon Fire (90 mg
caffeine), and Coffee (100 mg caffeine). Facebook:
http://www.facebook.com/LiveWireEnergychews Twitter:
http://twitter.com/#!/EnergyChews LiveWire Ergogenics Inc. was
formed in 2008 and its products are available for purchase at
thousands of retail outlets nationwide or are available online at:
http://www.livewireenergy.com
Investor Information visit
http://www.otcmarkets.com/stock/LVVV/quote
To the extent that statements in this press release are not
strictly historical, including statements as to revenue
projections, business strategy, outlook, objectives, future
milestones, plans, intentions, goals, future financial conditions,
future collaboration agreements, the success of the Company's
development, events conditioned on stockholder or other approval,
or otherwise as to future events, such statements are
forward-looking, and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
The forward-looking statements contained in this release are
subject to certain risks and uncertainties that could cause actual
results to differ materially from the statements made.
INVESTOR RELATIONS CONTACT Bill Hodson LiveWire Ergogenics, Inc.
714-940-0155 Email: Email Contact Carmel Advisors LLC 877-412-3025
Email: Email Contact
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