GLENVIEW, Ill., Jan. 31, 2012 /PRNewswire/ -- Apple Rush Co., Inc. (Pinksheets: APRU) is pleased to announce the implementation of a credit facility for the aggregate amount of $2.5 million issued by First Fidelity, USA of Las Vegas, NV. The credit facility is secured by the common stock of the company and will allow for the immediate manufacturing of their products.
In conjunction with the draw down of the credit facility, Apple Rush has initiated its first order with its packager, F. X. Matt Brewing Company, a 100 year old company in upstate New York. The order is for 10,400 cases of mixed Apple Rush products; Apple, Blueberry, Pomegranate, and Black Cherry. All of the products are manufactured to the specifications of protected and proprietary standards of Apple Rush Company. All the products are completely organic, 100% juice, and contain no preservatives or added sugars.
Robert Corr, President of Apple Rush Co., Inc states, "The present market is growing rapidly in organic and natural beverages. Especially for beverages that taste great and, importantly, are manufactured in accordance with organic and ethical standards that are verified on the product label. Apple Rush Co. has been an industry leader in the formulation of such natural and organic beverage products. The current promotion in the Chicagoland area, to be followed in other markets this Spring, coincides with the 40th year anniversary of the Apple Rush Co. and its unique line of organic beverages which originated in California."
SAFE HARBOR STATEMENT:
Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.
The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.
Apple Rush Co., Inc
SOURCE Apple Rush Co., Inc