BELGRADE, SERBIA--(Marketwire - July 6, 2012) - Hiru Corporation (PINKSHEETS:HIRU) www.hirucorporation.com Mind Up Bio Medical operating subsidiary management and directors are providing this update to its followers.
It has been a while since we updated our followers and shareholders on various activities of HIRU. We bring attention to our news release of August 4, 2011. At that time HIRU management was entertaining the prospect of spinning Mind Up out of HIRU and to have the China operating medical company be solo in HIRU. We know that the China operating company went completely dark and frustrated with the extremely low valuation the market was attributing to HIRU. We at Mind Up feel we have a fiduciary duty to our shareholders and followers to preserve and maintain shareholder values. To that end we have reached out to the preferred shareholder to assist us in restructuring HIRU into a vibrant upward mobile company. This has been satisfactorily completed.
Immediate and upcoming plans include:
- Subscription and commencement of reporting to OTC Markets
- Filing our financial statements
- Removal of the "skull and bones" rank from HIRU quote
- New updated info on the corporate web site(s)
- Taking legal and other available remedies to recover our stock back to treasury for China ops
- Bringing State filings current
- As Mind Up is a research medical operation, to seek a viable USA based merger candidate.
HIRU management do not foresee satisfying #5 above as further dilution as the stock has already been issued to the China company. We are confident that we can recover that stock with the aid of our preferred shareholder assistance. The company expects to complete all of the above within the next 30-45 days.
More details will follow on a timely basis.
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.