SAN MARINO, Italy, Nov. 5 /PRNewswire-FirstCall/ - Hiru Corporation (HIRU); http://www.hirucorporation.com/) informs the shareholders and public that it plans to create a Belize based Special Purpose Company (SPC). The main reason for this SPC company is to allow a vend in or a merger with China based entity, and to comply with China Security laws.

The newly created SPC company called 'Hiru Corporation Belize' will serve Hiru Corporation as a plug in to merge with the China based company. A China based Pharmaceutical company and a Retail Chain are prime targeted candidates and finalists

The restricted shares of Hiru Corporation will be issued to the Hiru Corporation Belize on the closing date. Both Hiru management and China based Company meet extensively and discuss the best approach to this merger. The document exchange between both sides will commence presently.

The current board members of HIRU have elected to change the direction of the company as its current Italian based small appliance manufacturer subsidiary has been underperforming. With this targeted merger, Hiru opens its way to become a multinational player with substantial operations and revenues. The company also intends to name its new officers shortly.

More details will follow as the company looks to finalize the merger transaction before the year end.

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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 Inc. 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 Inc. cautions you that any forward-looking information provided by or on behalf of Hiru Corporation Inc. 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 Inc.'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 Inc.'s control. In addition to those discussed in Hiru Corporation Inc.'s press releases, public filings, and statements by Hiru Corporation Inc.'s management, including, but not limited to, Hiru Corporation Inc.'s estimate of the sufficiency of its existing capital resources, Hiru Corporation Inc.'s ability to raise additional capital to fund future operations, Hiru Corporation Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Hiru Corporation Inc.'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 Inc. 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.

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SOURCE Hiru Corporation

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