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HLF, PLD, FLXS, HIRU - Market Watch From!



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.

The company will keep the investor public appraised of future developments.


Flexsteel Industries, Inc. (NASDAQ:FLXS) recently reported net income for its first fiscal quarter ended September 30, 2010 of $2.3 million or $0.34 per share compared to a net income of $1.4 million or $0.21 per share in the prior year quarter. The current year quarter included a pre-tax charge of approximately $1.0 million related to the planned closing of a manufacturing operation. Excluding this charge, operating income was at an all-time high for a first fiscal quarter.

Flexsteel Industries, Inc. is headquartered in Dubuque, Iowa, and was incorporated in 1929


ProLogis (NYSE:PLD) announced recently the expiration and final results of its previously announced cash tender offer to purchase any and all of its six series of senior notes.

ProLogis is the leading global provider of distribution facilities, with more than 475 million square feet of industrial space (44 million square meters) in markets across North America, Europe and Asia.


High Liner Foods Inc. (NYSE:HLF) SeaWeb and High Liner Foods Inc. recently announced that High Liner will be the principal sponsor of the 2011 Seafood Summit in Vancouver. The Summit is organized by SeaWeb’s Seafood Choices initiative. High Liner Foods is a leading North American processor and marketer of superior quality seafood, and this sponsorship highlights their commitment toward promoting healthy oceans and improving fisheries worldwide.

High Liner Foods Incorporated is a leading North American processor and marketer of prepared, value-added frozen seafood. High Liner’s branded products are sold throughout the United States, Canada and Mexico under the High Liner®, Fisher Boy, Mirabel and Sea Cuisine labels, and are available in most grocery and club stores.



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