Apple Rush Co., Inc., Board of Director's Vote To Reduce Authorized
and Issued Common Shares
GLENVIEW, Ill., Dec. 6, 2012 /PRNewswire/ -- Apple Rush Co.,
Inc. (OTCPK: APRU), the Board of Directors have decided to
reduce the authorized and issued shares of the company. The common
shares will be reduced by 40 % in January
2013; in addition the authorized shares will be reduced by
75% at same date in January
2013
Apple Rush Co., Inc. has successfully settled or
dismissed all lawsuits from suppliers. Apple Rush Co, Inc and it's board of directors will
include in it's restructuring plans, other measures that will
include seeking a new president for the 2013 selling season, the
official 40th year since the brands inception.
Apple Rush Co., Inc will continue to trade 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. New updates
for current information status on the OTC Markets will be posted in
the early months of 2013.
About Apple Rush Co., Inc:
Apple Rush Company, Inc. is a producer of 100% Juice Sparkling
Beverages and Naturally ZERO Waters. The company markets its
products through a distribution network of Distributors throughout
the U.S. and in foreign markets. The Company's flagship product
line, Apple Rush™ Sparkling Beverages currently has four mainstream
flavors in glass bottles and will introduce the NATURALLY ZERO
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.
Source: Apple Rush Co., Inc.
708-841-7960
www.applerush.com
SOURCE Apple Rush Co., Inc.