LiveWire Ergogenics, Inc. Announces Purchase of Majority Stake in Apple Rush Company, Inc. & Apple Rush Company Inc. to Be Re...
March 06 2014 - 10:15AM
Marketwired
LiveWire Ergogenics, Inc. Announces Purchase of Majority Stake in
Apple Rush Company, Inc. and Apple Rush Company Inc. to Be Renamed
LiveWire Herbaceuticals, Inc.
LiveWire Moves to 60,000 Square Foot Production Facility;
Investor Conference Call to Be Held on Thursday, March 6, 2014 at
1:30PM PST
YORBA LINDA, CA--(Marketwired - Mar 6, 2014) - LiveWire
Ergogenics, Inc. (OTCQB: LVVV) announced today that it has signed a
Memorandum of Understanding to purchase a controlling interest in
Apple Rush Co, Inc. (PINKSHEETS: APRU). Terms of the purchase
include the payment of cash and shares, and upon completion Apple
Rush Co, Inc. will be renamed LiveWire Herbaceuticals, Inc. and
remain publicly traded.
LiveWire will acquire the "CANNA RUSH" and CANNA BLISS" brands
along with the formulas, intellectual property and applied-for
trademarks. The acquisition will also include the licenses for the
Apple Rush and Ginseng Rush brand held by RushNet Inc.
"LiveWire and its partners offer a complete manufacturing
solution for chews, powders, bars and drinks. We sell our chews
through a strong network of distributors and retailers. This
transaction adds to our family of brands and expands our product
line to include cannabidiol (CBD) and other industrial-hemp based
products," said Bill Hodson, CEO of LiveWire.
"We are excited to join the LiveWire family," commented Robert
Corr of Apple Rush. "Their products and strategy to revolutionize
functional consumer products complements our established brand
names. There is a great deal of excitement about the future of
medical marijuana, and we want to partner with someone who can
produce high quality, precision-dose, legal CBD products. At the
appropriate time, once federal regulations change, we will be
positioned for THC products as well."
Additionally LiveWire Ergogenics, Inc. recently moved into a
60,000 square foot manufacturing facility in Yorba Linda, CA.
LiveWire, along with its manufacturing partner, now has the ability
to provide full product development from concept to full scale
commercial production for both the LiveWire family of brands, as
well as established brands and private label companies.
The Company will host a conference call today at 1:30PM PST to
discuss the Apple Rush transaction and to answer shareholder and
investor questions. The call-in number is (619) 326-2730, Passcode
672523#.
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.
INVESTOR RELATIONS CONTACT Bill Hodson LiveWire Ergogenics, Inc.
714-940-0155 Email: Email Contact Carmel Advisors LLC 877-412-3025
Email: Email Contact
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