RushNet, Inc Buys Chicago Beverage Distributor

  
    
  
  
    
      RushNet, Inc. (Pink Sheets:RSHN) is pleased to announce that the company 
      has signed a contract to acquire the assets of Garden Beverage, Inc., a 
      Metro-Chicago beverage distributor. Garden Beverage will become a 
      subsidiary of RushNet, Inc in an acquisition that was financed entirely 
      by RushNet. The very capable Garden Beverage management team will 
      continue to operate this growing distributorship through the transition 
      period, and they will also play an integral role in the future direction 
      and operation of the three year old company.
    
    
      Garden Beverage hit its 2006 sales projection with revenues in excess of 
      $5 million, and sales during Q1 of 2007 exceeded those for the same 
      period in 2006. RushNet is implementing an aggressive growth strategy 
      for Garden in 2007 that includes both an expanded distribution territory 
      and deeper penetration into their existing territory for the fine, 
      high-performing brands they handle. Additionally, two new divisions are 
      being created that will focus on health-orientated Specialty Beverages 
      and On-Premise sales. To support all of the above RushNet intends to add 
      additional personnel and trucks to meet the anticipated demand in the 
      2007 summer beverage season.
    
    
      RushNet President Robert Corr stated: “I’m 
      glad we got this deal done as it, importantly, gives us a division 
      focused entirely on distribution in our home market. Garden Beverage is 
      an inspired company and has grown impressively in a short time to become 
      a real factor in the beverages it distributes. I am looking forward to 
      working with all of the people there to help take them to the next 
      level. As I’ve stated before it’s 
      only by controlling your distribution that a company ensures its success 
      and longevity in the beverage industry. In the 3rd 
      largest market in the U.S. we now have that platform, and it will give 
      the people at Garden and the brands they carry, along with RushNet’s 
      marketed brands, the deeper market penetration and rich growth.”
    
    
      He continued, “It’s 
      a fine opportunity now for RushNet and its shareholders to see real 
      appreciation in their investments in the future. Some proposed deals 
      turn out to not be in the best interests of shareholders, i.e. 
      burdensome debt and ownership dilution, and we back away from them like 
      the brewery acquisition and PPM announced last year. However, we 
      continue to explore other opportunities in the manufacturing of 
      beverages which would be the third phase of RushNet’s 
      long- term growth strategy, distribution is the second. We got the 
      Garden deal done in eight months, which is within the customary window 
      for such things. I want to thank our shareholders for their patience and 
      support of us."
    
    
      This press release contains certain "forward-looking" statements, as 
      defined in the United States Private Securities Litigation Reform Act of 
      1995 that involve a number of risks and uncertainties. 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 that could cause actual results to differ materially 
      from those estimated by the Company. They include, but are not limited 
      to, the Company's ability to develop operations, the Company's ability 
      to consummate and complete an acquisition, the Company's access to 
      future capital, the successful integration of acquired companies, 
      government regulation, managing and maintaining growth, the effect of 
      adverse publicity, litigation, competition, sales and other factors that 
      may be identified from time to time in the Company's public 
      announcements.
    
    
      This press release is provided for information purposes only and is not 
      intended to constitute an offer to sell or a solicitation of an offer to 
      buy securities.