Hiru Corporation (HIRU): New Agreement To Bring $1.5 Million USD Annually

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Mar 15, 2010, 04:00 ET

FUZHOU CITY, CHINA, March 15 /PRNewswire-FirstCall/ - Hiru Corporation (HIRU; http://www.hirucorporation.com/) and its subsidiary Jiangxi RongYu Pharmaceutical Group, Inc. (http://www.jxrongyuyy.com/) signed an agreement with the National Forestry Academy to jointly develop a Gutta Percha tree plantation. The agreement also extends to the purchase of company's existing Eucommia tree products.

The agreement binds RongYu Pharmaceutical and the National Forestry Academy to jointly develop Gutta Percha tree plantation for industrial use. The National Forestry Academy developed patented technology for production of Gutta Percha. Gutta Percha tree, native to South-East Asia, produces sap used for latex production, and manufactures commonly use this form of latex to make car tires.

Further, the agreement also extends to the industrial use of Jiangxi RongYu Eucommia tree products. Jiangxi RongYu Pharmaceutical recently build Eucommia tree plantation on almost 20 acres of land, and agreement involves purchase of these products for industrial use.

Jiangxi RongYu expects that this important strategic cooperation agreement will raise the company's annual income, yielding approximately $1.5 million USD or 10 million RMB annually.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of Hiru Corporation that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. Hiru Corporation cautions you that any forward-looking information provided by or on behalf of Hiru Corporation is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Hiru Corporation's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Hiru Corporation's control. In addition to those discussed in Hiru Corporation's press releases, public filings, and statements by Hiru Corporation's management, including, but not limited to, Hiru Corporation's estimate of the sufficiency of its existing capital resources, Hiru Corporation's ability to raise additional capital to fund future operations, Hiru Corporation's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Hiru Corporation's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Hiru Corporation does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

CONTACT: Hiru Corporation, www.minamargroup.net/helpdesk

SOURCE Hiru Corporation