Hiru Corporation (HIRU) To Appoint New CEO and Management
The aforementioned executives are also key staff of Shuang Shi Animals Health Product Co., Ltd and Chuangdao Animals Health Product Co., Ltd (Jiangxi Animals Health Product Co Group)
These companies are scheduled to merge with HIRU the first week in June 2010
The targeted merger candidate, founded in 2000 in Nanchang, Jiangxi China Shuang Shi Animals Health Product Co., Ltd and Chuangdao Animals Health Product Co., Ltd (Jiangxi Animals Health Product Co Group) are owned and controlled by the same China based nationals. They operate a successful conglomerate and a very successful company focusing on production and distribution of feed additives, disinfectants, injections, powder/premix and six production lines of seven dosage forms. The two companies jointly employ 268 staff (30% with college education, including experienced senior veterinary and pharmaceutical experts). They have acquired Good Manufacturing Practice (GMP) Certificate in 2005.
The current operating company of HIRU a China based pharmaceutical company - Jiang Xi Rongyu Pharmacutical Group, Inc. http://www.jxrongyuyy.com because of its strong ties to the China markets, intends to list on a China domestic exchange. Rongyu Pharmacutical Group, Inc will either be listed on the China Shanghai or Shenzhen domestic stock exchange. As this is still in the works details will be provided as they crystallize further, and what this will mean to HIRU shareholders and the value of the HIRU share price.
This merger is on target to close according to schedule 1st week in June 2010 upon its M&A team returning to Americas from China.
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Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Hiru Corporation that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Hiru Corporation cautions you that any forward-looking information provided by or on behalf of Hiru Corporation is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Hiru Corporation's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Hiru Corporation's control. In addition to those discussed in Hiru Corporation's press releases, public filings, and statements by Hiru Corporation's management, including, but not limited to, Hiru Corporation's estimate of the sufficiency of its existing capital resources, Hiru Corporation's ability to raise additional capital to fund future operations, Hiru Corporation's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Hiru Corporation's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Hiru Corporation does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
CONTACT: Hiru Corporation, www.minamargroup.net/helpdesk
Mr.Xiao Cheii Liu as Chairman - CEO Ms. Xiang Ling Zhu CFO Mr. XueSong Xie General Manager
SOURCE Hiru Corporation
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