Columbus, OH – November 19, 2019 – An affiliate of Xcelerated Revenue LLC, a Columbus, Ohio based boutique collection agency serving closely held businesses, purchased control of Hiru Company (OTC Symbol: HIRU). The purchase included the Series A Preferred Shares and all debt and convertible notes.
Brian Mulhern, a 23 year veteran in the AR industry with extensive experience across many verticals, will serve as CEO. The new management has reinstated the company and is now updating company governing documents and working to remove the CE sign from the HIRU symbol.
Going forward, it is intended the company’s activities will primarily involve the purchase & liquidation of charged off and delinquent debt. Hiru will engage Xcelerated Revenue – www.xcelrev.com – to manage purchased assets, which will likely include hiring qualified agencies and law firms strategically positioned to achieve the best liquidation rates for the respective portfolios we acquire. #HIRU
XcelRev was formed by members who have decades of experience in the debtor/creditor industry, spanning numerous verticals and disciplines, including third party collection, debt purchasing and litigation. Our philosophy is simple: use proven business principles and combine them with modern methods, innovation and technology to deliver a turn-key debt resolution package to businesses, investors and other holders of delinquent debt.
This press release contains forward-looking statements within the meaning of the federal securities laws, including with respect to the intended activities of the company. Forward-looking statements may generally be identified by the use of words such as “anticipate,” “believe,” “expect,” “intends,” “plan,” and “will” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those expressed in or suggested by such forward-looking statements as a result of various factors, including, without limitation, general economic and industry conditions. Any forward-looking statement made by the Company in this press release speaks only as of the date hereof. New risks and uncertainties arise from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.