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 back office working together in Symphony and concert to make all of this happen. We see this as a huge opportunity to grow our b2c business model and increase our revenues significantly.
We plan on releasing further information and an official press release once the transaction crystallizes further.
Disclaimer Regarding Forward Looking Statements
Certain statements that we make may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements.
ABOUT US
Hiru Corp. is a Georgia corporation, is a public quoted Pink Sheet issuer under the ticker symbol "HIRU" (the “Company”). The Company reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings (e.g., Pink Sheet Current). Currently, the Company has one wholly owned, operational subsidiary, AZ Custom Bottled Water, Inc., a Nevada corporation (“AZ Water”), which owns and operates a commercial water bottling and labeling facility based in Phoenix, Arizona. AZ Water operates a B2C website at https://azcustombottledwater.com/.
CONTACT:
3331 North 35th Avenue
Phoenix, Arizona 95107
Web Site: www.waterandiceshop.com
Twitter: https://twitter.com/hirucorp
Phone: 928-408-4486
Email: info@waterandiceshop.com
Contact: Kathryn Gavin, CEO