Hiru Corp. (OTCMKTS: HIRU) is marching steadily northbound since reversing off $0.0015 lows quickly attracting legions of new shareholders who are accumulating at current levels. Volume has been picking up too with HIRU trading $200,000 in dollar volume on Thursday and $175,000 on Friday. OS is 1,748,182,295 meaning HIRU is valued at under $5 million at current levels, the AS is capped at 1,750,000,000 which means HIRU cannot issue anymore shares until they raise the authorized share count which takes months. HIRU numbers have been picking up with the Company recently reporting HIRU had gross revenue of $1,872,512 with net income of $942,728 for 1st quarter ended, March 31, 2022. This is a 91.75% increase in net income and a 404% increase in net income when compared to the financial results of 4th quarter ended, December 31, 2021.
HIRU has been getting noticed ever since new CEO Kathryn Gavin took over the Company with extensive experience in commercial water and ice manufacturing, production, and sale as described under S.I.C. Code 4981 (Water Supply) and S.I.C. Code 2097 (Manufactured Ice). Since her arrival in Arizona, Ms. Gavin has researched, located, and is in current negotiations to acquire several high-profile cash flow positive business operations in the State of Arizona in these two particulars S.I.C. code industries which she plans to bring to the public markets through the HIRU Corporation. HIRU operates its flagship property, the Water & Ice Shop offering consumers across Arizona with bagged ice and bottled water. In Phoenix, Arizona the Company has cutting-edge production and distribution facilities with a daily production capacity of about 100 tons of tubed ice and a well-maintained fleet of over 10 refrigerated trucks and trailer. In May the Company officially went “pink current” on OTCMarkets. Also, HIRU recently sponsored the University Team participating in a Formula SAE race in Michigan.
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Hiru Corp. (OTCMKTS: HIRU) operating out of Phoenix, Arizona is a public quoted pink Sheet issuer under the ticker symbol “HIRU”. HIRU reports as an alternative reporting issuer with OTC Markets Group, Inc. and is current in its mandatory required filings. HIRU operates its flagship property is the Water & Ice Shop offering consumers across Arizona with bagged ice and bottled water. In Phoenix, Arizona the Company has cutting-edge commercial water bottling and labeling facility.
Hiru is completely equipped to manage all of its customers’ demands, with a daily production capacity of about 100 tons of tubed ice and a well-maintained fleet of over 10 refrigerated trucks and trailers. The Company provides weekly route service to its reselling partners and works carefully to manage all of your unique events and occasions, seven days a week. Water & Ice Shop is happy to rent its Freezer Boxes and Trailers for all of your special events, and we offer white glove service for all of your Bagged Ice and Bottled Water needs. All of Water & Ice Shop retail clients receive dedicated weekly servicing at a minimum, ensuring that they are never out of merchandise. Water & Ice Shop ensures that several deliveries are made as needed, taking into account seasonality and client demands. A well-trained crew of drivers and assistance manage a huge fleet of refrigerated trucks and trailers.
Earlier this year HIRU announced significant new production capacity through new co-packing partner, AZ Custom Bottled Water, LLC. AZ Custom Water completed a new packaging and bottling line in 2021 and is further expanding capacity and capabilities in 2022. The Company’s strategic network of copackers has allowed it to produce and deliver when many of its competitors could not. Now, with the addition of AZ Custom Water and their production capabilities, the Company is further strengthening its position in the Southwest. This year, AZ Custom Water will be an important producer of the Company’s entire portfolio of water products, including being its west coast supplier for the Company’s growing line of Alkaline88® FreshCap™ functional beverages. As we grow, we are finding the need for multiple bottlers in strategic markets.
— @Hirucorp (@Hirucorpnew) June 4, 2022
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Kathryn Gavin was named as the new sole officer and director of the Company in March. Ms. Gavin has had numerous professional management positions during her career including being the former sole officer and director of UMAX Group Corp., a Nevada corporation, a pink sheet company trading under the ticker symbol “UMAX. This new industry focus was the impetus to her moving to Scottsdale, Arizona in the Summer of 2020. (SHE MOVED HERE SOLELY TO FOCUS ON HIRU….) Since her arrival in Arizona, Ms. Gavin has researched, located, and is in current negotiations to acquire several high-profile cash flow positive business operations in the State of Arizona in these two particulars S.I.C. code industries which she plans to bring to the public markets through the HIRU Corporation.
In May HIRU leased its fourth facility to bottle water. The New Facility is 51,000 square feet and is located in Glendale, Arizona. It will be able to house up to 5 new automated water bottling lines and have enough room to have a finished good storage contained therein. Additionally, there are 7 commercial delivery truck loading bays to make ease of delivery to the Company’s clients a priority. Hiru is currently building out the initial Bottling Line in the New Facility to meet its expected future demand for co-packed water products. The Company is also moving two of its automated lines to this New Facility as well. The ultimate annual capacity of each Bottling Line in the New Facility is 36,000 gallon bottles a day or 1,080,000 gallon bottles a month. Three of the new Bottling Lines in the New Facility are to be reserved for our co-packing contract with the previously announced relationship with a national bottled water retailer. This New Facility will also produce gallon, liter, and half liter water bottles for several new purchase orders from new clients the Company is expected to provide during the third and fourth quarter of 2022.
On May 18 HIRU announced a new Co-Packing arrangement with American Eagle Beverage based out of Scottsdale, Arizona. American Eagle Beverage is a white label water distribution company out of Scottsdale, Arizona that provides small and large run white label water bottle for its clients to use for marketing purposes. With their “Liquid Business Card” program, clients can get their individual label placed on water bottles for marketing uses. CEO Ms. Kathryn Gavin sad: “They are one of the largest white label bottle distributors in the United States. We will provide them with all their production requirements for both small and large bottling runs on an ongoing basis. We fully expect our relationship with American Eagle Beverage to add between $1,500,000 USD to $2,500,000 USD in top line revenue annually moving forward.”
— @Hirucorp (@Hirucorpnew) June 2, 2022
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Currently trading at a $4.7 million market valuation HIRU has 1,748,182,295 shares outstanding and with authorized capped at 1,750,000,000, HIRU cannot issue anymore shares until they raise the authorized share count which takes months. HIRU has a nice-looking balance sheet with over $1 million in cash and manageable debt. HIRU had gross revenue of $1,872,512 with net income of $942,728 for 1st quarter ended, March 31, 2022. Unheard of numbers to be making money on the OTC. This is also a 91.75% increase in net income and a 404% increase in net income when compared to the financial results of 4th quarter ended, December 31, 2021. HIRU is a really exciting story developing in small caps. A fast-growing Company, already profitable, with no dilution current and an exciting new CEO Kathryn Gavin who is currently in negotiations to acquire several high-profile cash flow positive business operations in the State of Arizona. HIRU has a significant investors base who is heavily accumulating at current levels and are expecting big things here. We will be updating on HIRU when more details emerge so make sure you are subscribed to Microcapdaily.
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Disclosure: we hold no position in HIRU either long or short and we have not been compensated for this article.