Rushnet Acquired StopDrops, Inc. That Produces, Markets, and Distributes an All-natural Nicotine-free Smoking and Nicotine Cessation Product
Palm Coast, Florida--(Newsfile Corp. - December 11, 2019) - RushNet Inc. (OTC Pink: RSHN) - Effective immediately, RushNet Inc. has acquired all rights and assets of StopDrops, Inc., a Delaware company that produces, markets, and distributes an all-natural nicotine-free smoking and nicotine cessation product. "The timing of this acquisition couldn't have been better with the vaping epidemic and nicotine addiction at all-time highs," stated Richard Goulding MD, RushNet's Chairman of the Board. We look forward to the new management bringing increased shareholder value with their exciting product and sales team and believe that our product line is a perfect complement to theirs. StopDrops enjoys a close relationship with major distribution channels and we are looking forward to wide release." "We are very excited to seize upon this opportunity to acquire StopDrops Inc., a company that is a serious competitor in the $22 Billion Nicotine Replacement Therapy (NRT) and vape replacement market," stated Alan Biren, President of StopDrops Inc.
Frank DeAngelo, RushNet's CEO, explained that "while there are strong synergies between StopDrops and RushNet, there are also strategic reasons for maintaining separate entities as the companies begin working together. As such, we plan on executing an SEC qualified spinoff of RushNet so that it may continue pursuing its business operations through a separate legal entity."
About StopDrops
StopDrops Inc., produces, markets and distributes an all-natural, nicotine-free herbal lozenge whose ingredients may reduce one's desire or craving for nicotine. Not only is this product helpful in cigarette reduction or cessation, it is an excellent choice, and perhaps the only marketed choice to wean from nicotine inhaled products like Juul and others. StopDrops Inc. continues to develop and create additional health and wellness products and focuses on market niches for which there are few or no other efficacious solutions.
About RushNet, Inc.
RushNet, Inc's. basic business model is edibles and beverages based company with a number of stand-alone products, including many enhanced with CBD. These products are designed to take advantage of all natural and non-GMO grown foods, pristine mineral water enhancement, and full-spectrum, broad-spectrum CBD and other rare cannabinoids.
This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to a number of risks and uncertainties, many of which are outside RushNet's control. These include but are not limited to the impact of competitors' products, services and pricing; product demand; market acceptance; new product development; reliance on key strategic alliances; the regulatory environment; fluctuations in operating results; and other risks which are detailed from time to time in the Company's filings with the Securities and Exchange Commission and/or OTC Markets. RushNet disclaims any obligation to update or alter its forward-looking statements whether as a result of new information, subsequent events or otherwise.
CONTACT: RushNet, Inc.
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