Business
Apple Rush Company, Inc. updates the purchase and cancellation of billions of shares; CEO/President’s Letter to Shareholders re: Financial Filings and removal of “Stop Sign”
Apple Rush Company, Inc. updates the purchase and cancellation of billions of shares; CEO/President’s Letter to Shareholders re: Financial Filings and removal of “Stop Sign”.
About this update from Apple Rush Co., Inc.
[{"type":"text","content":"\nTITUSVILLE, Fla., Dec. 18, 2018 (GLOBE NEWSWIRE) -- The Apple Rush Company, Inc. (OTC PINK:APRU) (the “company”) is very excited to announce that the Stop Sign is off.  Up to date financials are posted, showing the company is building a solid business with potential staying power. \n Tony Torgerud, CEO of Apple Rush Company, Inc. stated, “We have gone from a zero-revenue business with no assets and hundreds of thousands of dollars of liabilities to a revenue producing business with no long-term debt or short-term convertible debt.  This restructuring has taken longer than we anticipated and has cost more than we had budgeted. However, since taking over the Apple Rush brands, securing ownership, and defending the trademark, growing production, adding valuable distribution, effectively reducing the outstanding shares down 16 billion after the Livewire deal paperwork is completed, the management is finally ready for another new chapter of growth.  We anticipate that the final number of outstanding shares will be somewhere below the 5.2B shares disclosed on OTC markets currently.  All of the new issuance of shares has been due to raising capital through friends and family at up to $0.015/share which put cash in our accounts to help us grow while still reducing the number of shares issued.  These shareholders are also long term investors helping to stabilize our capital structure.  We will also make further attempts to negotiate with several other shareholders to reduce holdings and make our capital structure even healthier including our continuing efforts to reduce trading shares through a couple more direct shareholder buybacks that total 200 million shares to be potentially retired to treasury in the coming weeks.  We will announce these deals when finalized and will announce the structures upon closing.  We will also look to raising additional capital through direct investment. “The Apple Rush brand is strong, the products are great looking, safe, taste great, and moreover the product mix is varied with even more new products in development.  We anticipate that we will be talking to potential partners in the future that will help take Apple Rush completely national and look forward to the future of the brand.  This release clarifies many false report...