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HIRU CORP - HIRU STOCK NEWS

Welcome to our dedicated page for HIRU news (Ticker: HIRU), a resource for investors and traders seeking the latest updates and insights on HIRU stock.

Hiru Corp. (HIRU) is a Georgia corporation listed as a public quoted Pink Sheet OTC issuer. The company focuses on owning and operating commercial water bottling and labeling facilities. Recent changes include consolidating West Coast operations to a Glendale, Arizona location and planning to expand manufacturing operations on the East Coast. The company's CEO, Kathryn Gavin, emphasizes revenue growth and cost-cutting measures to maximize performance.

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Hiru Corp. (HIRU) announced full production on its newly completed automated bottling line in Phoenix, AZ, which is part of a strategic shift to enhance operational capacity and meet future demand. The new facility spans 12,500 square feet and contributes to a total production space of 109,000 square feet. Additionally, a second automated bottling line is in development, slated for completion by Thanksgiving. This expansion is aimed at accommodating larger purchase orders from Alkaline88 and ensuring timely fulfillment to bolster client relationships.

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Hiru Corporation (OTC PINK: HIRU) has completed its new automated packaging and bottling facility through its subsidiary, AZ Custom Bottled Water. This facility will serve a three-year co-packing agreement with The Alkaline Water Company to produce Alkaline88 products. The company anticipates significant growth in production capacity and revenue, expecting record revenues in FYE 2021 and beyond, driven by the efficiency of the new equipment. The facility enhances storage capabilities for large orders, providing a competitive edge in pricing.

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Hiru Corp. (OTC PINK: HIRU) has regained its 'Pink Sheet Current' status with OTC Markets as of September 1, 2021, following the filing of an amended 2nd Quarter Disclosure Statement. The company aims to maintain accuracy in future filings. Hiru plans to announce the completion of its new facility and new clients, which are expected to drive revenue. Upcoming financial statements are due by November 14, 2021, and March 31, 2022. The company emphasizes maximizing shareholder value amidst ongoing developments in the business.

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Hiru Corp (HIRU) anticipates achieving 'Pink Sheet Current' status with OTC Markets within five business days, following the submission of an amended 2nd Quarter Disclosure Statement on September 1, 2021. This filing was prompted by a minor date correction requested by OTC Markets. The company is currently classified as 'Pink Sheet Limited,' protecting it from potential delisting under new SEC rules effective September 28, 2021. Hiru Corp is also completing a new facility aimed at attracting a significant client expected to substantially boost annual revenues and earnings.

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Hiru Corporation (OTC PINK:HIRU) announced revenue projections for Q3 and Q4 of FY 2021, estimating over $250,000 for Q3 and $1,000,000 for Q4. With a new operational facility launching in Q3, the company expects increased production and reduced costs per unit. For FY 2022, projected revenue ranges from $10 million to $20 million, anticipating growth from existing and new clients. The CEO expressed optimism for future orders and revenue sources, emphasizing a commitment to maximizing shareholder value.

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Hiru Corporation (OTC PINK: HIRU) has amended its articles of incorporation to reduce its authorized common stock from 2 billion shares to 1.75 billion shares. President and CEO Kathryn Gavin emphasized that this move aims to enhance shareholder value and make the company more appealing for future acquisitions. The company commits to not increasing its authorized stock for at least three years, reinforcing its anti-dilution strategy. Currently, Hiru operates AZ Custom Bottled Water, focusing on the bottled water market.

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Hiru Corporation (OTC PINK:HIRU) has recently achieved significant milestones, including gaining 'Pink Current' status and removing the 'Caveat Emptor' designation. The company completed its initial acquisitions of AZ Custom Bottled Water and Salome Water and Ice, and reduced its authorized common stock by nearly 3 billion shares. The ongoing expansion of production facilities is ahead of schedule, and the company plans to launch its product line on Amazon.com. Future contracts are being finalized, promising growth beyond Arizona.

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Hiru Corporation (OTC PINK:HIRU) announced ongoing federal contracts through its subsidiary, AZ Custom Bottled Water, which has provided services to Homeland Security since 2018. In 2021, AZ Water secured four federal contracts worth $1,115,457 for U.S. Border Patrol. The company aims to enhance water output and is pursuing additional federal and state contracts to bolster revenue, including a new contract with Arizona State Parks for water and ice delivery.

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Hiru Corporation (OTC PINK:HIRU) has successfully acquired Salome Water and Ice, a provider of ice manufacturing and water purification services in Arizona, as of July 14, 2021. The acquisition involved an exchange of 25,000,000 restricted shares for all outstanding equity of Salome. The latter reported revenue of over $600,000 in the last fiscal year and is the only ice facility within a 75-mile radius. Hiru aims to expand in the high-growth consumer bottled water and ice market in the Southwest.

The company has also reduced its authorized shares to two billion and committed to not conducting a reverse stock split for three years.

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Hiru Corporation (OTC PINK:HIRU) has announced plans to amend its articles of incorporation, reducing its authorized common stock from 4,995,000,000 shares to 2,000,000,000 shares. This move aims to restructure the company’s capitalization, making it more attractive for future acquisitions and minimizing shareholder dilution. CEO Kathryn Gavin emphasized that this change reflects the company’s commitment to maximizing shareholder value and maintaining a stable stock structure for at least three years, barring significant acquisitions.

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FAQ

What is the current stock price of HIRU (HIRU)?

The current stock price of HIRU (HIRU) is $0.00165 as of November 22, 2024.

What is the market cap of HIRU (HIRU)?

The market cap of HIRU (HIRU) is approximately 4.1M.

What recent changes has Hiru Corp made to its operational footprint?

Hiru Corp has consolidated its West Coast operations to its Glendale, Arizona location and plans to focus on acquiring full-scale water bottling facilities on the East Coast.

Who is the current CEO of Hiru Corp?

Kathryn Gavin is the President and CEO of Hiru Corp.

What is the focus of Hiru Corp's strategy?

Hiru Corp's strategy is to aggressively scale up manufacturing operations to attract new revenue streams.

Is Hiru Corp involved in any legal disputes?

Hiru Corp faced litigation but successfully set aside a default judgment due to negligence by ex-management. The company intends to vigorously defend against any frivolous complaints.

Is Hiru Corp still in the water bottling business?

No, Hiru Corp is no longer in the water packing business and is offering its current equipment for sale through a business broker.

What shares did Hiru Corp recently claw back?

Hiru Corp successfully recovered 1 billion common shares with claw back provisions from an ecommerce & shipping acquisition.

What future plans does Hiru Corp have?

Hiru Corp is in final negotiations with a new CEO and management in the mining sector as part of its future plans.

Where can I find more information about Hiru Corp?

For further details and updates, visit the company's official website at www.otchiru.com and follow their social media channels.

Who has recently joined the Hiru Corp team?

Mr. R Molebatsi (Thebi) has been appointed as the new mining COO at Hiru Corp.

What values does the new COO bring to Hiru Corp?

The new COO, Mr. Thebi, brings a wealth of experience from various industries and a dedication to social justice, aligning with Hiru Corp's values.

What is the focus of Hiru Corp's mining division?

Thebi will spearhead the mining division focusing on mining businesses in Africa and gold trading/processing.

What operations will be highlighted on the new Hiru Corp website?

The new Hiru Corp website will feature mining and gold trading ventures, including joint ventures and mining projects.

What changes are expected in Hiru Corp's share structure?

Following the claw back of 1 billion shares, Hiru Corp's share structure will undergo adjustments, returning the shares to the treasury.

What are the expectations for Hiru Corp's future profitability?

Hiru Corp expects to make a profit moving forward with the current right-sized business model.

What is the status of the management at Hiru Corp?

The CEO and COO are stepping down to make room for a new CEO and COO focused on the mining field.

What actions is Hiru Corp taking to improve its business model?

Hiru Corp is in the process of restructuring its website to reflect separate sectors engaged in logistics and mining.

What updates will follow shortly at Hiru Corp?

For further updates on management changes and new developments at Hiru Corp, shareholders and followers are encouraged to visit the company's website.

What steps is Hiru Corp taking to defend against litigation?

Hiru Corp intends to vigorously defend against legal complaints, including a recent case involving a Credit Union.

What is the focus of Hiru Corp's mining operations?

Hiru Corp is looking for a new CEO to lead its mining operations and aims to continue delivering value to shareholders and stakeholders.

HIRU CORP

OTC:HIRU

HIRU Rankings

HIRU Stock Data

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