Business
HIRU CORPORATION – Letter of Intent to Purchase Bottling Company
HIRU CORPORATION – Letter of Intent to Purchase Bottling Company.
About this update from Hiru Corp.
[{"type":"text","content":"Hiru Corporation (OTC Markets: HIRU), a Georgia corporation (the “Company” or “HIRU”), is announcing the entry into a letter of intent to purchase a water bottling company (“LOI”). We are unable at this time to announce the target of the LOI due to its terms and conditions. However, the management of HIRU feels that this is a material event requiring a public disclosure. Below are bullet points related to this LOI.1. The Company is a co-packer for B2B types of businesses through its wholly owned subsidiary AZ Water, Inc., an Arizona corporation.2. The Company fulfills orders for customers such as The Alkaline Water Company Inc., a Nevada corporation (NASDAQ: WTER) and other similar business operations. 3. Prior to its venture into B2B space, the Company was primarily focused on B2C space fulfilling orders for small 500 mill bottles for car dealerships restaurants and similar under their white label brand.4. To this date, the Company maintains its B2C operations utilizing one automated bottling line to maintain the existing B2C customer base. 5. The issuer a B2C bottling company whose assets are owned by a public company (e.g., a fully reporting 12g issuer)) may release the LOI to its shareholders in accordance with SEC reporting rules and regulations without any notice to HIRU shareholders or its management. 6. HIRU management sees this LOI opportunity to expand its original B2C roots and become both a B2C water company on the East Coast of the United States and a B2B on the West Coast, this becoming a national water fulfillment operation.7. HIRU management is under an NDA agreement and cannot disclose that some information about the B2C enterprise such as the company is about 10x larger than our operational subsidiary in terms of revenue. The target has a very strong on line B2C presence and generates substantial income from Amazon and other portals. It ranks very high in customer satisfaction and enjoys a celebrity type endorsement. 8. Moving forward through a sophisticated equity and asset exchange HIRU would acquire the B2C enterprise without disturbing its current share structure on all Cash type basis. Ms. Kathryn Gavin (President and CEO of the Company), states…\" We are very excited about this opportunity as there are many moving Parts in the bac...