RushNet, Inc. announced the appointment of Michael Cunha as its new Chairman, effective immediately. Mr. Cunha assumes this role following the resignation of Ashley Sweat, who has decided to explore other opportunities. Mr. Cunha is a distinguished Arizona-based entrepreneur renowned for his track record of establishing thriving enterprises.

He attained academic excellence, graduating summa cum laude from Washington State University with a Bachelor of Science in Psychology, and later achieving the same honor at Chapman University, where he earned his MBA in Accounting and Economics. With an extensive background spanning over three decades in manufacturing, accounting, finance, and executive leadership, Mr. Cunha brings a wealth of experience to the table. Notably, he served as the Corporate Controller of Andermac, Inc., for a duration of eight years.

During his tenure, Mr. Cunha spearheaded initiatives that led to the company's automation, resulting in substantial market expansion. Under his guidance, Andermac achieved a dominant market share of 50% in California and 25% nationwide. In late 1991, Mr. Cunha embarked on a new venture by co-founding InterMag, Inc., alongside four partners.

Assuming responsibilities in finance and manufacturing, Mr. Cunha played a pivotal role in securing the company's inaugural contract with Iomega for the production of Iomega 100mb Zip disks. Under his leadership, InterMag experienced remarkable growth, scaling from inception to a revenue of $72 million within a span of three years. In 1995, InterMag was sold to the second large magnetic media company in Taiwan.

In 1996, Mr. Cunha, alongside two business partners, established what has evolved into Mionix Corporation. Presently, Mr. Cunha serves as the Managing Member of Patmos Holdings I, LLC.