SOURCE: Hiru Corporation

 
Mar 16, 2009 18:16 ET

HIRU Corporation Updates Shareholders

Appoints New Officers and Director, and Changes Name to The Valor Organization

PHOENIX, AZ--(Marketwire - March 16, 2009) - HIRU Corporation, a private Nevada corporation, is pleased to announce it has appointed two new officers and a new director to help guide the company with the implementation of its business model moving forward.

Nehru Chomatil, CEO of HIRU Corporation, stated, "HIRU Corporation is pleased to announce the appointment of David Keaveney as President and Director and Nicholas C. Babyak as CFO. Mr. Keaveney brings extensive experience in corporate compliance, finance and business structure. Mr. Babyak's expertise in accounting and auditing will be instrumental in financial transparency. HIRU Corporation is fortunate to have both Mr. Keaveney and Babyak as new additions to this organization."

HIRU Corporation, as part of its development, has changed its name. Moving forward the Company shall be called 'The Valor Organization.' "The Valor Organization is a name that describes our business and the type of commitment management has to this enterprise," stated Nehru.

About David Keaveney

David has nearly 20 years of investment experience. His career began at Merrill Lynch and later at Dean Witter (now Morgan Stanley). David was a registered NASD Series 7 & 63 securities registered representative until 1998. David held numerous positions within the financial services industry including Portfolio Manager for a private equity firm and Senior Analyst and Partner of a private investment partnership. David served as senior executive and director for several publicly traded companies. Today David is very active in business development and focuses on corporate restructuring, securities compliance and regulations for publicly traded companies. David's core competency is business reorganization, corporate compliance, financial reporting and debt restructuring. David studied Finance and Economics at Harvard, received a mini-MBA from Loyola University and earned CPD course work from The Wharton School at the University of Pennsylvania.

About Nicholas C. Babyak

After passing his CPA exams, Nicholas began his financial career at Peat Marwick (now KPMG) where he held various positions. During his 8-year tenure at KPMG, Nicholas was Audit Manager where he specialized in audits and consulting services for large and midsize commercial clients. After leaving KPMG, Nicholas held several financial positions including the most recent being Global Controller for a billion dollar international public company. Nicholas has been involved in over 10 acquisitions leading to growth of over $500M for the company. Nicholas holds a BBA degree in Accounting from Hofstra University.

About The Valor Organization

The Valor Organization is an Arizona-based organization comprised of experienced management personnel who have started, grown and managed their own businesses. We seek to generate revenue through several core competencies: business reorganization, debt restructuring and the merger and/or acquisition of cash flowing businesses.

FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. The Company assumes no obligation to update any of the forward-looking statements in this release.

Contact:
Nehru Chomatil
(949) 369-1200
Nehru@hirucorp.com