Business
HIRU CORPORATION - Purchase of California Water Company
HIRU CORPORATION - Purchase of California Water Company.
About this update from Hiru Corp.
[{"type":"text","content":"\n\n\n\nHIRU CORPORATION - Purchase of California Water Company\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nHIRU CORPORATION - Purchase of California Water Company\nPR Newswire\nPHOENIX, Oct. 20, 2022\n\n\n\nPHOENIX, Oct. 20, 2022 /PRNewswire/ -- Hiru Corporation (OTC Markets: HIRU), a Georgia corporation (the \"Company\" or \"HIRU\"), is proud to announce that they have officially purchased a full scale, water bottling company out of Roseville, California.\nThe Company purchased the water bottling plant in Roseville, California pursuant to an agreement for both cash and equity (\"New Bottling Plant\"). The value of the New Bottling Plant is approximately $7M USD. The New Bottling Plant has the following material benefits to the Company:\n133,000 Square Foot of Floor SpaceFour Automated Bottling Lines (Two of Which are Fully Operational)All Four Bottling Lines will be in full production by December 31, 2022Can produce all sizes of water bottles which will allow the Company to fulfill the invoices more effectively from Alkaline 88 and our other major clientsCapacity should allow us to expand and generate more top line revenue with both our current and future clientsMs. Kathryn Gavin (President and CEO of the Company), states…\" The acquisition of the Roseville water bottling plant will allow us to expand our relationship with Alkaline 88 and our other major national and regional clients. It will also let us to significantly surpass our previous projected top line revenue for 2023 which was $30,000,000 USD. We are currently working to make sure all four automated bottling lines are fully operational as soon as possible. This new location is very versatile as it will allow us to produce any size water bottle to meet all of our current client needs. Closing this acquisition was a priority for the Company as soon as we discovered it was available. It is exactly what we needed to move to the next level and to continue the exponential growth we have experienced since inception.\"\nDisclaimer Regarding Forward Looking StatementsCertain statements that we make...