RushNet Announces Acquisition of the Assets of StopDrops Inc.
Palm Coast, FL, December 11, 2019
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. Stop Drops 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.”
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.