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Saturday, December 3, 2022

Hiru Corp. (OTCMKTS: HIRU) Steady Run Northbound as ICE Co Reduces Share Structure, Reports Record Q2 Revenues & Applies for SQF Certification

Hiru Corp. (OTCMKTS: HIRU) continues to move higher with power in recent trading looking to breakout into copperland as more investors jump on board and the heavy accumulation continues. 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 just announced 2nd quarter ended revenues of over $2,800,000 USD with a quarterly net profit of $1,359,005 USD. The Company expects to beat its predicted annual 2022 top line revenue of $10,000,000 USD at the close of this fiscal year. HIRU is now reaching its full operational potential which has proven that our decision to dramatically increase its automated water bottling line capabilities last summer was the correct course of action. The Company expects to produce in excess of $4,000,000 USD for the 3rd quarter ended June 30, 2022, and between $6,000,000 USD to $8,000,000 USD for the 4th quarter ended December 31, 2022. That will result in an annual revenue of between $14,000,000 USD to $16,000,000 USD for calendar year ended December 31, 2022. 

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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.  

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. 

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HIRU

HIRU has been making some big moves recently applying for its SQF Certification so that the Company 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.  

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.   

HIRU also has come to terms with a shareholder who owns more than 10% of the issued and outstanding Common Stock of the Company with the intent to move such Common Stock holdings to treasury for full cancellation thereafter. The transaction involves the repurchase to treasury of the Company of 288,012,618 shares of Common Stock of the Company from TRX Fundco, Inc., an Ontario corporation. The transaction was scheduled to take place Friday, July 22, 2022. Upon closing of the Stock Transaction and the Common Stock Cancellation, the Company will have approximately 1,462,000,000 shares of Common Stock issued and outstanding. The Company may retire an additional up to 100,000,000 shares of Common Stock in other.  

On July 21 HIRU announced 2nd quarter ended revenues of over $2,800,000 USD with a quarterly net profit of $1,359,005 USD. The Company posted its 2nd quarter ended June 30, 2022, Disclosure Statement with OTC Markets, Inc. which included its Financial Statements and Notes thereto. The Company has had over $4,600,000 USD in top line revenue during the first two quarters of 2022 with net profits of over $2,300,000 USD. The 2nd quarter top line revenue beat our 1st quarter by over $1,000,000 USD. The Company expects to beat its predicted annual 2022 top line revenue of $10,000,000 USD at the close of this fiscal year.  

The Company is now reaching its full operational potential which has proven that our decision to dramatically increase its automated water bottling line capabilities last summer was the correct course of action. The Company expects to produce in excess of $4,000,000 USD for the 3rd quarter ended June 30, 2022, and between $6,000,000 USD to $8,000,000 USD for the 4th quarter ended December 31, 2022. That will result in an annual revenue of between $14,000,000 USD to $16,000,000 USD for calendar year ended December 31, 2022.  

Ms. Kathryn Gavin (President and CEO of the Company), states…” We have worked very hard to meet the expectations of our clients and provide proof to them that we can meet all of their water bottling needs on an ongoing basis. We have shown them that we are willing to make major capital investments, on an as needed basis, in our automated water bottling lines to fulfill all their current and requested future needs. These actions have allowed us to solidify our relationship with our long-term clients and attract other large-scale national clients that have requested our co-packing assistance. As such, we are on currently on pace to beat our predicted 2022 revenue expectations by a 50% margin that we previously announced in November of 2021. From a financial performance perspective, we have consistently beaten each quarters revenue expectation for four consecutive quarters while at the same time increasing top line revenue performance in each of these quarters. We fully expect this trend to continue as our long-term clients are steadily increasing their purchase orders and some large new clients, that we have been negotiating with over the past few months, are starting to place large purchase orders as well. We fully expect our 3rd and 4th quarter top line revenue performance to continue this trend through the end of this fiscal year and well into the future. Our co-packing relationship with Alkaline 88 is solid and growing each quarter. We are growing of capabilities to meet their increasing product requirements. We are also continuing to provide product support for the U.S. Border Patrol which we see increasing in the coming months and years. We are also excited to be now working with WaterSourceOne and Walmart in the coming months and years. Our conservative expectations for fiscal year ended December 31, 2023, to be in excess of $30,000,000 USD in top line revenue. As I have been quoted before, the future of the Company is solid and our continued growth in all areas of our business is exciting to say the least.”   

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Currently trading at a $10 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. On July 21 HIRU announced 2nd quarter ended revenues of over $2,800,000 USD with a quarterly net profit of $1,359,005 USD. Unheard of numbers to be making money on the OTC. The Company is now reaching its full operational potential which has proven that our decision to dramatically increase its automated water bottling line capabilities last summer was the correct course of action. The Company expects to produce in excess of $4,000,000 USD for the 3rd quarter ended June 30, 2022, and between $6,000,000 USD to $8,000,000 USD for the 4th quarter ended December 31, 2022. That will result in an annual revenue of between $14,000,000 USD to $16,000,000 USD for calendar year ended December 31, 2022. 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.

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