Hiru Corporation (HIRU)

[JMMatthews]

HIRU CORPORATION - Building of Fourth Facility

PHOENIX, May 6, 2022 /PRNewswire/ -- Hiru Corporation (OTC Markets: HIRU), a Georgia corporation (the "Company" or "HIRU"), would like to announce that it has leased its fourth facility to bottle water ("New Facility").

The New Facility is 51,000 square feet and is located in Glendale, Arizona. It will be able to house up to five (5) new automated water bottling lines (the "Bottling Line") and have enough room to have a finished good storage contained therein. Additionally, there are seven (7) commercial delivery truck loading bays to make ease of delivery to our clients a priority. The Company is currently building out the initial Bottling Line in the New Facility to meet our expected future demand for our co-packed water products. The Company is also moving two of its automated lines to this New Facility as well.

Ms. Kathryn Gavin (President and CEO of the Company), states…" We are moving very fast to meet the demand from our current purchase orders and additional purchase orders we expect to receive as our co-packing relationship with our major client continues solidify and mature while still growing quickly quarterly. As we have stated in the past, we expect the demand for our products to grow by double digits each quarter moving forward for the foreseeable future. We expect the first new Bottling Line in the New Facility to be completed by June 20. This New Facility is being built to meet the future negotiated purchase orders that are expected to be received as soon as the New Facility completely built out. We are growing at a fast pace and fully expect each quarters top line revenue moving forward to increase significantly for the next two calendar years."

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.

https://www.prnewswire.com/news-releases/hiru-corporation--building-of-fourth-facility-301541656.html

HIRU $$$