Apple Rush Co., Inc. Decreases Net Loss by Over $500 Thousand
19 5월 2011 - 10:21PM
Marketwired
Apple Rush Co., Inc. (PINKSHEETS: APRU) announced today that the
Company has posted its unaudited financial results for the first
quarter ended March 31, 2011 on the OTC Markets website
(http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=apru).
As filed in the Company's financials, the net loss for the first
quarter ended March 31, 2011 was $176,476. The net loss as reported
in the financials decreased by $510,426, as compared to the first
quarter ended March 31, 2010, in which Apple Rush reported a net
loss of $686,902. Total Operating Expenses for the three months
ended March 31, 2011 were $95,967 versus $626,007 for the three
months ended March 31, 2010, a reduction of $530,040 primarily due
to substantial cuts in officer's compensation and IR expenses.
Subsequent to the first quarter, the Company reported in its
Disclosure Statement as posted on the OTC Markets website that
Robert Corr, President and CEO of Apple Rush Co., Inc., has been
granted a motion to dismiss the civil action complaint against
Apple Rush filed by the Cintron Beverage Group LLC in the United
States District Court for the Eastern District of Pennsylvania
(http://dockets.justia.com/docket/pennsylvania/paedce/2:2010cv04568/383894/).
"In the wake of the bankruptcy dismissal, the results for the
quarter indicate that we are going in the right direction and
serving our shareholders in a fiscally responsible manner," stated
Robert Corr, President of Apple Rush Co., Inc. "In addition, we
have continued to address all of the outstanding legal matters
against the Company so as to reduce our liabilities."
About Apple Rush Co., Inc:
Apple Rush Company, Inc. is a producer of Organic 100% Juice
Sparkling Beverages and Naturally ZERO Waters. The company markets
its products through an extensive distribution network nearly 30
Distributors throughout the U.S. and in foreign markets. The
Company's flagship product line of Organic Apple Rush™ Sparkling
Beverages currently has four mainstream flavors in glass bottles
and will introduce the 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.
Apple Rush Company, Inc. 708-841-7960 http://www.gfreev.com
http://www.gfreev.com/applerush.html
Apple Rush (PK) (USOTC:APRU)
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