Hariston Corp.: The Costa Mesa company said...

Hariston Corp.: The Costa Mesa company said it has formed a wholly owned Delaware subsidiary, EuroEastern Investment Corp., to focus on future investment opportunities in Central and Eastern Europe. Hariston said the new unit will initially concentrate on opportunities in Poland, where Hariston has an investment in Polish Life Improvement SA, a rapidly expanding supermarket and home improvement retailer. Hariston said the new subsidiary would pursue a strategy of co-investment with local and Western European partners, primarily in the retail, distribution and real estate development industries. Nuno Brandolini, a Hariston board member, will serve as president and chief executive of the new company.