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.
SOURCE Apple Rush Co., Inc.