SOURCE: Apple Rush, Inc.

Apple Rush, Inc.

March 12, 2014 10:00 ET

Apple Rush and RushNet Announce Change to Management Team and Strategy Update

CHICAGO, IL--(Marketwired - Mar 12, 2014) - Apple Rush, Inc. (PINKSHEETS: APRU) and RushNet, Inc. (PINKSHEETS: RSHN) have announced that Robert Corr has resigned as CEO and director of both companies as of March 10, 2014. In contemplation of the recently announced acquisition of a controlling interest in Apple Rush by LiveWire Ergogenics, Inc (OTCQB: LVVV), Tony Torgerud, the current divisional sales manager of LiveWire, has been appointed interim CEO pending the search for a permanent replacement. 

Commenting on Mr. Corr's resignation and the appointment of Mr. Torgerud, Bill Hodson, CEO of LiveWire stated, "We appreciate the contribution that Bob has made to Apple Rush and his forward thinking about active ingredients in the beverage industry. Apple Rush will continue to work with Bob to utilize his extensive contacts and relationships in the industry in order to expand its distribution platform. Tony Torgerud has been instrumental in the development of markets for the LiveWire brand and has a solid understanding of the LiveWire business model. His experience will help us build a permanent management team." 

Hodson commented further, "During Tony's interim period Livewire will be actively engaged in renegotiating and restructuring Apple Rush's debt prior to the consummation of the transaction to acquire a controlling interest of Apple Rush. The Apple Rush deal has always contemplated that a restructuring of its balance sheet must be achieved before the transaction is finalized so that Apple Rush emerges unimpeded by any legacy debt."

For more information about LiveWire Ergogenics, Inc., or to find a LiveWire Territory Manager near you, please visit www.livewireenergy.com.

About LiveWire Ergogenics, Inc. (OTCQB: LVVV) and LiveWire Energy™ Chews
LiveWire Energy™ chews are manufactured in Orange, California by LiveWire Ergogenics Inc. Designed for consumers with an action-packed lifestyle, LiveWire Energy™ chews are pocket-sized, portable alternatives to bulky energy drinks or shots. Available in seven different flavors, the Company's grab-n-go packaging responsibly displays the amount of caffeine in each chew, including Citrus Mango (90 mg caffeine), Pomaberry (90 mg caffeine), Chocolate (100 mg caffeine), Mint Chocolate (120 mg caffeine), Sour Apple (90 mg caffeine), Cinnamon Fire (90 mg caffeine), and Coffee (100 mg caffeine). Facebook: http://www.facebook.com/LiveWireEnergychews Twitter: http://twitter.com/#!/EnergyChews LiveWire Ergogenics Inc. was formed in 2008 and its products are available for purchase at thousands of retail outlets nationwide or are available online at: http://www.livewireenergy.com

Investor Information visit http://www.otcmarkets.com/stock/LVVV/quote

To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

Contact Information

  • INVESTOR RELATIONS CONTACT
    Bill Hodson
    LiveWire Ergogenics, Inc.
    714-940-0155
    Email: Email Contact

    Carmel Advisors LLC
    877-412-3025
    Email: Email Contact