HENDERSON, NEVADA--(Marketwire - 02/08/11) - Hiru Corporation's (PINK SHEETS:HIRU - News) (www.hirucorporation.com) main subsidiary Jiangxi Shuangshi Pharmaceutical Co., Ltd. announced that the company representatives conducted investigation into business expansion in Wannian County.
Shuangshi AHP has been focusing on creation of new pharmaceutical products but also on entering Chinese agricultural and animal husbandry market. In a recent development, the company announced that the management started exploring opportunities in Wannian county. The company dispatched its administrators and principals to conduct on-site investigation into acquisition of breeding farms.
China's demand for agricultural products increases with the Chinese economic growth. To give a better view of the growth of China's demand for agricultural products, the company shares the following exemplary statistic: According to China's Ministry of Statistics, the poultry consumption alone increased from 7.5 pounds per capita in 1990, to 18.3 pounds per capita in 2006, a spike of 244% in China's cities, while in the urban areas it increased from 2.75 pounds per capita in 1990 to 7.7 pounds per capita in 2006, an increase of 281%.
Shuangshi AHP creates and grows a solid diversified portfolio of agricultural services on the Chinese market and expects to continue this trend on this growing market.
Hiru Corporation and its main subsidiary Jiangxi Shuangshi Animal Health Products Co. (Shuangshi AHP Co.) focus on the development, manufacturing and marketing of a broad range of veterinary products for the Chinese Agricultural market. The company has established a strong position in the Chinese animal husbandry market and plans to expand and deliver more new products and solutions to this market in the future.
More updates from the company will follow shortly, including updates from the company's R&D arm MindUp BioResearch.
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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 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.
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