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RushNet, Inc with heliosDX Announces Roadmap Update, Dividend Enhancements, and Acquisition Update
Press Release | 07/06/2021
ALPHARETTA, GA / ACCESSWIRE / July 6, 2021 / RushNet, Inc. (OTC PINK:RSHN), ("the Company"
with target acquisition heliosDX, is pleased to announce an update to the Roadmap, which was included in the June 1, 2021 Press Release. We will also highlight the spinoff dividend enhancement, and acquisition for heliosDX and RushNet, Inc.
Completed:
Filing Disclosures
Filing Financials
Attorney Letter
Mid/2nd Quarter Financial Update (Record Breaking)
Pink Current
Website transition chattahoocheelabs.com to heliosDX.com
Professional Sales and Marketing Video
R/S Officially Canceled
*NEW: Hiring a Director of Virtual Sales - Completed
In Progress and Updates:
Audit Financials - Will Reach Satisfactory Audit
Spinoff RushNet, Inc Subsidiaries - Hold; Pending heliosDX Spinoff
Lab Acquisition(s) and/or LOI Update - Target Close Date Late 3rd Quarter
Complete the Merger/Acquisition (heliosDX by RushNet) - Imminent
Reengage FINRA - Part of Spinoff Process
SEC Reporting - Pending Spinoff
Preparation of Application to SEC & FINRA
Launch National Sales Campaign Utilizing Verb Technologies - August 1, 2021
New Items:
RushNet Acquisition of Grandeza Healthcare -In Progress
heliosDX Opening Executive Offices in Florida - Pending Lease Signature
Announcement of Board Members - Coming in 3rd Quarter
Hiring of Executive Team - Ongoing, Will post positions VIA LinkedIn
We previously announced upon the spinoff of heliosDX, the RushNet, Inc shareholders would have access and receive the following:
Receive One Share of heliosDX per 1,000 shares of RushNet owned upon close on the ex-dividend date.
RushNet shareholders would have access to purchase 11 shares of heliosDX per 1,000 shares of Rushnet, Inc at a discount to market upon the close on the ex-dividend date.
Rushnet shareholders as of the close on the ex-dividend date would also receive a dividend in the legacy RushNet, Inc upon spinoff. The dividend is yet to be determined.
Example: If you owned 1,000,000 of RushNet upon close on the ex-dividend date you would receive 1,000 shares of heliosDX. You would also have the exclusive right to purchase 11,000 additional shares of heliosDX at a discount to market. You also receive a dividend in the RushNet legacy to be spun off later.
Since heliosDX burst onto the public scene approximately 90 days ago, we have stressed transparency and shareholder value. These two pillars remain constant today. Previously, we announced the signing of a Binding Letter of Intent with a Privately held Laboratory, which would triple heliosDX annual revenue. In addition, the acquisition also significantly increases the company's bandwidth and sales reach. heliosDX has demonstrated over the last few years the ability to drive test volume and revenue. The company had annual revenues in 2019 of $2.6M, 2020 of $4.29M, and in 2021 trending $6M. We have also seen the profitability of the company follow right along. We believe, as we continue to grow organically, along with acquisitions we can reach $50,000,000 in annual revenue in two years. This first acquisition should yield annual revenues for heliosDX of $25,000,000 after a full 12 months. The exclusive offering to RushNet shareholders is paramount to current and future acquisitions. heliosDX does not need funds for ongoing operations. As mentioned, we are profitable and have been profitable. The proceeds from the exclusive offering are solely for company growth and acquisition(s). This drives company value, and equally important, shareholder value.
Finding a balance with the spinoff dividend to drive shareholder value and allow the company to raise the funds necessary to complete the acquisition(s) is vital. With that in mind, below is the enhanced spinoff dividend and exclusive discount offer to RushNet Inc shareholders.
Receive One Share of heliosDX per 800 shares of RushNet owned upon close on the ex-dividend date.
RushNet shareholders have access to purchase 11 additional shares of heliosDX per 1,000 shares of Rushnet, Inc at a 50% to market upon the close on the ex-dividend date.
For every 10 shares purchased during the offering period at the discount to market of 50% the shareholder receives one additional share of heliosDX
The offering price of heliosDX will be preacquisition
Rushnet shareholders as of the close on the ex-dividend date would also receive a dividend in the legacy RushNet, Inc upon spinoff. This dividend is yet to be determined.
RushNet, Inc with heliosDX Announces Roadmap Update, Dividend Enhancements, and Acquisition Update
Press Release | 07/06/2021
ALPHARETTA, GA / ACCESSWIRE / July 6, 2021 / RushNet, Inc. (OTC PINK:RSHN), ("the Company"
with target acquisition heliosDX, is pleased to announce an update to the Roadmap, which was included in the June 1, 2021 Press Release. We will also highlight the spinoff dividend enhancement, and acquisition for heliosDX and RushNet, Inc. Completed:
Filing Disclosures
Filing Financials
Attorney Letter
Mid/2nd Quarter Financial Update (Record Breaking)
Pink Current
Website transition chattahoocheelabs.com to heliosDX.com
Professional Sales and Marketing Video
R/S Officially Canceled
*NEW: Hiring a Director of Virtual Sales - Completed
In Progress and Updates:
Audit Financials - Will Reach Satisfactory Audit
Spinoff RushNet, Inc Subsidiaries - Hold; Pending heliosDX Spinoff
Lab Acquisition(s) and/or LOI Update - Target Close Date Late 3rd Quarter
Complete the Merger/Acquisition (heliosDX by RushNet) - Imminent
Reengage FINRA - Part of Spinoff Process
SEC Reporting - Pending Spinoff
Preparation of Application to SEC & FINRA
Launch National Sales Campaign Utilizing Verb Technologies - August 1, 2021
New Items:
RushNet Acquisition of Grandeza Healthcare -In Progress
heliosDX Opening Executive Offices in Florida - Pending Lease Signature
Announcement of Board Members - Coming in 3rd Quarter
Hiring of Executive Team - Ongoing, Will post positions VIA LinkedIn
We previously announced upon the spinoff of heliosDX, the RushNet, Inc shareholders would have access and receive the following:
Receive One Share of heliosDX per 1,000 shares of RushNet owned upon close on the ex-dividend date.
RushNet shareholders would have access to purchase 11 shares of heliosDX per 1,000 shares of Rushnet, Inc at a discount to market upon the close on the ex-dividend date.
Rushnet shareholders as of the close on the ex-dividend date would also receive a dividend in the legacy RushNet, Inc upon spinoff. The dividend is yet to be determined.
Example: If you owned 1,000,000 of RushNet upon close on the ex-dividend date you would receive 1,000 shares of heliosDX. You would also have the exclusive right to purchase 11,000 additional shares of heliosDX at a discount to market. You also receive a dividend in the RushNet legacy to be spun off later.
Since heliosDX burst onto the public scene approximately 90 days ago, we have stressed transparency and shareholder value. These two pillars remain constant today. Previously, we announced the signing of a Binding Letter of Intent with a Privately held Laboratory, which would triple heliosDX annual revenue. In addition, the acquisition also significantly increases the company's bandwidth and sales reach. heliosDX has demonstrated over the last few years the ability to drive test volume and revenue. The company had annual revenues in 2019 of $2.6M, 2020 of $4.29M, and in 2021 trending $6M. We have also seen the profitability of the company follow right along. We believe, as we continue to grow organically, along with acquisitions we can reach $50,000,000 in annual revenue in two years. This first acquisition should yield annual revenues for heliosDX of $25,000,000 after a full 12 months. The exclusive offering to RushNet shareholders is paramount to current and future acquisitions. heliosDX does not need funds for ongoing operations. As mentioned, we are profitable and have been profitable. The proceeds from the exclusive offering are solely for company growth and acquisition(s). This drives company value, and equally important, shareholder value.
Finding a balance with the spinoff dividend to drive shareholder value and allow the company to raise the funds necessary to complete the acquisition(s) is vital. With that in mind, below is the enhanced spinoff dividend and exclusive discount offer to RushNet Inc shareholders.
Receive One Share of heliosDX per 800 shares of RushNet owned upon close on the ex-dividend date.
RushNet shareholders have access to purchase 11 additional shares of heliosDX per 1,000 shares of Rushnet, Inc at a 50% to market upon the close on the ex-dividend date.
For every 10 shares purchased during the offering period at the discount to market of 50% the shareholder receives one additional share of heliosDX
The offering price of heliosDX will be preacquisition
Rushnet shareholders as of the close on the ex-dividend date would also receive a dividend in the legacy RushNet, Inc upon spinoff. This dividend is yet to be determined.
