STOCK TITAN

HIRU CORPORATION - SQF Certification

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Hiru Corporation (OTC Markets: HIRU) announced its application for SQF Certification to facilitate co-packing for Walmart and other major retailers. This certification verifies adherence to strict food safety standards and is a crucial step toward securing product orders. CEO Kathryn Gavin stated that receiving this certification would significantly boost top-line revenue from water products. The company is also set to file its 2nd Quarter financial disclosure by June 30, 2022, indicating a focus on transparent operations.

Positive
  • Application for SQF Certification to enable co-packing for Walmart.
  • Anticipated boost in top-line revenue from retail product orders.
  • Commitment to food safety and quality management.
Negative
  • None.

PHOENIX , July 18, 2022 /PRNewswire/ -- Hiru Corporation (OTC Markets: HIRU), a Georgia corporation (the "Company" or "HIRU"), would like to announce that it has made application for SQF Certification so that we may start co-packing for Walmart, Inc. and other larger retail outlets.

A SQF Certification is a program to verify safe foods and is part of a comprehensive HACCP-based food safety and quality management certification system. It is the first step towards a wholesale manufacturer receiving product orders from retail outlets. The SQF Program is recognized by foodservice providers and retailers around the world who require a rigorous and credible food safety management system. Benchmarked to Global Food Safety Initiative (GFSI) standards, SQF links primary production certification to food manufacturing, distribution, and retail certification.

Ms. Kathryn Gavin (President and CEO of the Company), states…" We are working very hard to get our SQF Certification so that we can then start receiving wholesale orders from Walmart. The Company anticipates receiving this SQF Certification shortly. At that point, we will become a co-packer for Walmart and will receive orders on a regular basis.  This will be a huge event for the Company with regards to top line revenue related to our production of water products for resale to other potential retail operations as well. As soon as the SQF Certification is issued, the Company will make a public announcement. These are very exciting times for the Company. We are growing at a pace even we did think we would meet in the growth cycle of our Arizona operations. As such, we are expanding our production line quarterly."

The Company will be filing its 2nd Quarter, June 30, 2022 quarterly disclosure statement (E.g., containing financial statements and notes thereto) with OTC Markets, Inc. by the end of this week.

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 OTC 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/.

Cision View original content:https://www.prnewswire.com/news-releases/hiru-corporation--sqf-certification-301587907.html

SOURCE Hiru Corporation

FAQ

What is Hiru Corporation's recent announcement regarding SQF Certification?

Hiru Corporation has applied for SQF Certification to begin co-packing for Walmart and larger retail outlets, enhancing its food safety management.

How will SQF Certification impact Hiru Corporation's revenue?

Receiving SQF Certification is expected to significantly increase Hiru Corporation's top-line revenue through regular orders from Walmart.

When will Hiru Corporation disclose its second-quarter financial results?

Hiru Corporation plans to file its second-quarter financial disclosure by June 30, 2022.

What does SQF Certification entail for Hiru Corporation?

SQF Certification involves verifying safe food practices and adherence to rigorous food safety standards, crucial for retail partnerships.

HIRU CORP

OTC:HIRU

HIRU Rankings

HIRU Latest News

HIRU Stock Data

4.08M
1.50B
44.35%
4.6%
Integrated Freight & Logistics
Industrials
Link
United States of America
Phoenix