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Hiru Corporation (HIRU) Finalizes the Merger with a China Based Pharmaceutical Company

 

Production booming, HIRU sees prosperity for shareholders

FUZHOU CITY, China, Dec. 3 /PRNewswire-FirstCall/ - Hiru Corporation (HIRU; http://www.hirucorporation.com/) further to the company news release of November 5, 2009 HIRU is pleased to announce it had finalized and closed a merger with a China-based pharmaceutical company.

JIang Xi Rongyu Pharmacutical Group, Inc. (http://www.jxrongyuyy.com/) has been in the process of evaluating a strong and strategically-balanced partner for their plans to enter international trade markets, expand and deliver their every-expanding product lines worldwide.

The Group's main focus is on the production of Chinese traditional naturopathic medicine facility consisting of 60 acres of production fields (approx. 25 hectares) and over 7 hectares of a neighboring mountain outside Fuzhou City, Jiangxi Province.

The production factory of over 14 000 square meters employs 460 people and a healthy and growing annual production capacity, The Company earned National 'Good Manufacturing Practice' certificate in 2006, and is the largest 'Good Agricultural Practice' plant in Jiangxi Province.

Through this merger with the Hiru Corporation, JIang Xi Rongyu Pharmacutical Group, Inc. seeks to open to the western markets have shareholder value of the Hiru Corporation enjoy the best return on investment (ROI) for their investment dollar.

Rongyu Ye, the new incoming CEO of the company, said "We are happy to become a part of Hiru team and are extremely looking forward to entering varied international markets. We hope to change the course of events for the Hiru Corporation and steadily raise the company's innate value. We feel confident our future with the Hiru Corporation will be one of prosperity and security for the entire shareholder base."

This merger is a substantial event for the Hiru Corporation and the company will update the public on all new developments in their cooperation with the JIang Xi Rongyu Pharmacutical Group, Inc.

Our goal is to allow the targeted merger-company to meet and exceed both management and long-term shareholders reasonable expectations. The HIRU management works in concert with its preferred shareholders and its merger and acquisitions (M&A) advisers on this partnership and develops a complex preferred share exchange arrangement. The result will see HIRU's current (both common and preferred) share structure unchanged and undisturbed after the merger.

The targeted merger candidate would acquire the preferred shares over time and have an option to convert these preferred shares at a significantly higher strike price than what HIRU's currently trading price.

To be included in HIRU's email database for press releases and industry updates, please subscribe at or opt in with your email address at this link http://www.minamargroup.com/updates/.

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: www.minamargroup.net/helpdesk

SOURCE Hiru Corporation

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