RushNet Inc (OTCMKTS:RSHN) Stock To Watch: Here Are Key Developments
There has not been a lot of news about RushNet Inc (OTCMKTS:RSHN) in recent times but it remains an interesting company and it may be a good idea for investors to take a bit of interest in it. The last time any news emerged about the company was back on January 12 this year and it may be a good time to take a closer look into it.
At the time, RushNet announced that is subsidiary units Grandeza Healthcare and heliosDX had both decided to appoint the services of Somerset CPAs and Advisors. It was a significant development for both the subsidiary units since Somerset CPAs and Advisors will be working in the capacity of auditors.
It will be responsible for running audits on all three companies. In this context, it is perhaps important to point out that Somerset CPAs is a firm of strong standing and currently operates in as many as 50 states in the United States.
Rushnet, Inc and its Subsidiaries heliosDX and Grandeza Healthcare Engaged Somerset CPAs and Advisors to Complete Audits
Back on January 12, it was announced by RushNet that the audit was going to commence immediately and it was supposed to be completed in a period of 30 or 60 days. Ashley Sweat, who is the Chief Executive Officer of the company, noted that everyone at RushNet was excited at having been able to secure the services of a highly reputed firm that works throughout the United States.
The announcement is particularly significant since audits enhance transparency and breeds confidence among investors as well.
Rushnet, Inc Through Its Subsidiaries heliosDX and Grandeza Healthcare Achieve Major Financial Milestone
While the appointment of the auditing firm was an important development, it should also be noted that back on December 28, 21 RushNet had announced that both Grandeza Healthcare and heliosDX had managed to hit their annual targets.
At the time Ashley Sweat had noted that the heliosDX had not only managed to go beyond its targets with regards to revenues but also remains a profitable business. It was an important announcement from the company and one that is expected to be on the back of the minds of many investors when they consider the RushNet stock. It remains to be seen how the stock performs in the coming days.