Hiru Corporation(Other OTC: HIRU.PK) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.
The company's various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.
Services at the natural health clinic include specialty massage, EIS scanning, acupuncture, and computer-guided biofeedback scanning.
HIRU is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by the company shortly, as the discussions progress. The company is of the opinion that this is a material event that warrants a public announcement.
In other corporate news, HIRU intends to rescind the 5-1 forward split previously under consideration, as upon further review the management is of the opinion that this course of action would not be in the best interest of the shareholders.
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Diamond Hill Investment Group Inc. (Nasdaq:DHIL) reported unaudited results for the quarter ended September 30, 2010. The operating results for the third quarter of 2010 are summarized in the following paragraphs; however, the company urges investors to read Form 10-Q in addition to this release. The limited information that follows is not adequate for making an informed investment judgment. For this reason, whenever possible, the company will post earnings and the associated Form 10-Q on a Friday afternoon so that investors have a maximum amount of time to digest the information contained therein. Revenue increased 23% to $14.0 million for the third quarter of 2010 compared to the third quarter of 2009. Net operating income was $4.2 million for the quarter an increase of 47% compared to the third quarter of 2009. Net income for the quarter was $3.4 million, or $1.24 per diluted share, compared to net income of $3.2 million, or $1.23 per diluted share, in the third quarter of 2009.
Diamond Hill Investment Group, Inc., through its subsidiaries, sponsors, markets, and provides investment advisory and related services in the United States. It also provides underwriting, compliance, treasury, and fund administration services to mutual fund companies.
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Nordson Corporation (Nasdaq:NDSN) a leader in dispensing, coating, and jetting technologies, announced that it was recently selected by LG Display Co., Ltd. as the exclusive provider of dispensing equipment for LG Display’s LED BLU manufacturing operations in Nanjing and Guangzhou, China. Nordson ASYMTEK automated dispensing equipment installations at both sites are part of an ongoing relationship between the companies in which Nordson ASYMTEK will also provide process development and on-site service support. Incorporating the Nordson ASYMTEK jet dispensing systems into LG’s LED manufacturing facilities has given LG a competitive advantage in terms of quality and throughput,” said Greg Wood, Vice President, Nordson’s Advanced Technology Systems, Asia. “Nordson ASYMTEK’s equipment, service, and support are aligned to foster LG’s growth strategy to secure a competitive edge by setting—and meeting—the highest goals in all realms of innovation, including design and technology.
Nordson Corporation manufactures equipment used for precision dispensing, testing and inspection, and surface preparation and curing. Its Adhesive Dispensing Systems segment manufactures equipment for applying adhesives, lotions, and liquids to disposable products; automated adhesive dispensing systems for the food and beverage industry.
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Middleby Corp. (Nasdaq:MIDD) a leading worldwide manufacturer of restaurant and foodservice cooking equipment, announced net sales and earnings for the third quarter ended October 2, 2010. Net earnings for the third quarter were $20,602,000 or $1.13 per share on net sales of $177,793,000 as compared to the prior year third quarter net earnings of $15,501,000 or $0.83 per share on net sales of $153,989,000. The third quarter financial statements include the results of the recently completed acquisitions of PerfectFry, a leader in ventless frying systems for the commercial foodservice industry acquired on July 13, 2010 and Cozzini, a leading manufacturer of equipment for the food processing industry acquired on September 21, 2010.
The Middleby Corporation, through its subsidiaries, engages in the design, manufacture, and sale of commercial foodservice and food processing equipment. The company’s Commercial Foodservice Equipment group manufactures cooking equipment for restaurants and institutional kitchens.
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