BLAINE, Wash., Dec. 3, 2014 /PRNewswire/ -- Hollund
Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the
"Company") an underwater forest management company, announced
today, that the Company is positioned with an ample wood inventory
that allows it to begin satisfying existing purchase orders for
underwater timber recovered from the Bayano reservoir.
Bayano Lake Wood Products began harvesting operations shortly
after receiving the authorization to begin bringing trees to shore.
With this, Hollund began undergoing several important adjustments
in support of an improved market position and anticipated
growth. With orders for various wood species in the pipeline,
management anticipates recognizing revenue.
"It has been a long time coming, but I am happy to say that we
are finally in a position to begin distributing underwater timber
harvested from the Bayano project," said Peter Meier, President of Hollund."
Hollund is now much better positioned to execute their strategic
business plan, focused on the recovery, sales and distribution of
underwater wood. Going forward, management will be able to
deploy a more streamlined business model as the new Hollund
progresses in the area of fully integrated aquatic resource
operations.
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA,
Hollund Industrial Marine Inc. (Pink Sheets: HIMR) seeks to align
the interests of businesses, communities, utilities and governments
by offering an integrated business model for underwater forest
management. Hollund's model – including resource and needs
assessment, permitting, environmental and project planning,
logging, milling, product branding and sales adds value for our
shareholders, our partners and reservoir based communities.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
(the "ACT"). In particular, when used in the preceding discussion,
the words "estimated," "believe," "optimistic," "expect," and
similar conditional expressions are intended to identify
forward-looking statements within the meaning of the ACT and are
subject to risks and uncertainties, and actual results could differ
materially from those expressed in forward-looking statements. Such
risks and uncertainties include, but are not limited to,
unfavorable market conditions, increased competition, limited
working capital, and failure to implement business strategies,
actions by regulatory agencies, and other risks.
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SOURCE Hollund Industrial Marine, Inc.