HIRU

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HIRU Corporation (HIRU) Reaches Agreement - Italy Merger

Friday , January 02, 2009 07:30ET

SAN MARINO, Italy, Jan. 2 /PRNewswire-FirstCall/ - Hiru Corporation (HIRU) is pleased to announce that it has reached a tentative agreement with an Italian small appliances manufacturer merger candidate. The company is also continuing its negotiations for the technology purchase and exchange with a China manufacturing company.

The Italian company transaction was reached over the New Year's holidays as both sides across the Atlantic worked vigorously in concert to conclude their business. A new web site will be launched shortly along with the updates on Hiru's web site. Appropriate filings were completed on Pink Sheets as well.

Hiru Corp having recently changed its name will be appointing new Italian management and its subsidiary company management and officers as well. In addition, as soon as the agreed merger documents and merger review is filed with the Italian corporation authorities the company intends to have a USA based lawyer review the same and express a legal USA based opinion in aid of obtaining the "current info" ranking with Pink Sheets.

The company will provide further details as they become available.