TITUSVILLE, Fla., April 26, 2019 (GLOBE NEWSWIRE) -- The Apple Rush Company, Inc. (OTC PINK: APRU) (the “company”) Announces Fiscal Year 2018 Results. We are very excited to announce the following news since the Stop Sign came off, and the filing of financials showing the company building a solid “real” business with potential staying power with national and international distribution and production.
-- Full year total revenue grew 57% year over year to $715,000
-- Net Loss was $25,002 for the year with cash flow being negative due to addition of salaries, additional warehousing space, marketing costs, new product production costs, and research and development
"Following some minor delays, the Q4 capped a great year for Apple Rush," said Tony Torgerud, CEO of APRU. "Our sales on an execution platform continues to produce sales growth across the globe, our efforts in the expanding market we supply continues to strengthen, and we remain intensely focused on the tasks at hand, to achieve a competitive advantages through quality relationships and great product lines."
"The momentum in our businesses is shown by strength across our key metrics," according to our accountants. "Our net dollar retention rate is going to be the focus as we resupply outlets and of course, year over year, numbers are only a year way."
Also, at a meeting last month in Vero Beach, Tony Torgerud, CEO of Apple Rush Company, Inc. created a partnership with AAG-Live to provide Apple Rush to many different events across southern Florida. Jason Atwell, recently served our non-alcohol 100% juice products at an event held for a large hospital group where it was met with such acclaim that AAG-Live has decided to use our products exclusively at their many future events which will serve as a great vehicle for brand promotion going forward. We provided Apple Rush at the Indian River County firefighters fair through our tent and at the concert venue with great success in sales and customer response to our new can line. We will be looking at other event planning firms as potential partners and new sales outlets.
In St. Louis and north, Ronnda Shields continues to open new store locations -- she opened 73 more new accounts in just 10 days. Our first sampling at a Schnucks delivered results of 319 bottles sold at $2.99 per bottle. Our products sell fast and easily once tried by consumers and buyers, who love the taste as much as we do. Rarely will we get a negative comment about the taste.
Apple Rush has gone from a zero-revenue business with no assets and hundreds of thousands of dollars of liabilities to a revenue producing business with no long-term debt or short-term convertible debt, which some seem to ignore as they seek to short or trade our shares. We seek shareholders that are long-term investors, so our updates on all matters in works and completed will always seek to focus on long-term events and will be reported on through our social media unless large enough to justify an actual press release.
We are in the process of a complete redesign of all media properties and anticipate them to be finalized over the next 30 days or so. We will also be updating first quarter financials and announcing additional finalized contracts for growth in multiple areas of the country and throughout our core product lines. We are in the process of International expansion and will update shareholders as that occurs. We have hired Sarah Geary as our social media manager and have seen strong results in the engagement of our customers as a direct result of constant contact through Facebook and Twitter. Reach out to Sarah at media@aprullc.com with pictures, events, comments, etc. and she will do her best to incorporate your contact into our corporate messaging. We will be adding several key positions over the next 30 days to ramp up the expansion of all product lines. They will be in financial management, sales, and production.
All news will be made public via the official Twitter account @realAPRU_news, when that news occurs, and periodic updates to shareholders such as this and one on Dec. 18, 2018, will continue to be forthcoming in the future.
Dear Apple Rush Shareholder:
Again, thank you for sharing our vision for the Apple Rush Brands and growing our products and markets to include some organic, natural, alcohol, CBD, energy drinks, liquid additives, and chews.
The Apple Rush brand is strong, the products are great looking, safe, taste great, and moreover the product mix is varied with even more new products in development. We anticipate that we will be talking to potential partners in the future that will help take Apple Rush completely national and look forward to the future of the brand. This brand has stood the test of time, since 1972. Now, its resurgence will not be ephemeral and thus, once again, the President offers the following regarding the Apple Rush brands. The Apple Rush Company, Inc. anticipates a good spring and summer as weather improves across its current markets.
David A. (Tony) Torgerud
CEO
Apple Rush Company, Inc.
About APRU, LLC: About The Apple Rush Co., Inc.
The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of cpg products under the trademarked Apple Rush brand and other labels. The Apple Rush brand has more than 40 years of existence in the natural beverage industry. As a historical leader in the organic and natural beverage sector our goal is to also become the leader in the distribution of anhydrous hemp oil products nationwide. For more information, please go to www.applerush.com.
About APRU, LLC: APRU, LLC focuses on the development and sales of all natural Apple Rush sparkling juices, and research and development, of premium hemp extracts that contain a broad range of cannabinoids and natural hemp derivatives and other active ingredients such as our exclusive agathos active, kratom, kava, blue lotus, and ginseng. www.aprullc.com or on Twitter @RealAPRU_News.
Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.
Investor relations Contact:
Tony Torgerud
888-741-3777 x 2