APRU News .0001
Apple Rush Co., Inc., Board of Director's Vote To Reduce Authorized and Issued Common Shares
2012-12-06 08:45 ET - News Release
GLENVIEW, Ill., Dec. 6, 2012 /PRNewswire/ -- Apple Rush Co., Inc. (OTCPK: APRU), the Board of Directors have decided to reduce the authorized and issued shares of the company. The common shares will be reduced by 40 % in January 2013; in addition the authorized shares will be reduced by 75% at same date in January 2013 Apple Rush Co., Inc. has successfully settled or dismissed all lawsuits from suppliers. Apple Rush Co, Inc and it's board of directors will include in it's restructuring plans, other measures that will include seeking a new president for the 2013 selling season, the official 40th year since the brands inception. Apple Rush Co., Inc will continue to trade on the OTC Markets under the symbol APRU. Subsequently, management initiated a recapitalization plan, which has resulted in a significant reduction of operating expenses and debt. New updates for current information status on the OTC Markets will be posted in the early months of 2013
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