BLAINE, Wash., Nov. 26, 2012 /PRNewswire/ -- Hollund
Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the
"Company") announced today that the Company and North Cal Wood
Products are exploring the possibility of partnering to establish a
Brazilian corporation in anticipation of securing targeted projects
within the country.
"Our South American Project Development Team has diligently
worked at securing underwater tree harvesting projects at Tucurui
and Balbina reservoirs in Brazil,"
stated Peter Meier, President of
Hollund Industrial Marine. "However, in order to secure the
concessions and begin operations, one of the requirements is to be
incorporated and domiciled within the county."
Through North Cal, Hollund has identified a potential joint
venture candidate with targeted industry experience, as well as
government and utility contacts. Once a Brazilian JV is
established, Hollund's Development Team, through the 'new co,' will
seek to secure harvesting projects at both the Tucurui and Balbina
reservoirs; combined projects conservatively estimated at close to
$2 Billion; making the partnerships
extremely valuable to all parties involved.
The Company, which is set to open its offices at North Cal's
headquarters in the upcoming month – is continually growing a
rapport with the nation's premier reclaimed woods company.
The two companies, already operating under an MOU, are poised to
grow their relationship even further should a JV successfully come
to fruition in Brazil.
North Cal, which currently has an exclusive sales and
distribution arrangement with Hollund, anticipates there being tens
of millions of cubic meters of timber submerged at the two
Brazilian locations. People close to the 30+ year old firm indicate
that water wood is the best source for "Green" wood and North Cal
is keen on accessing the resource.
Meier continued, "This is the primary catalyst for the possible
partnership in Brazil. We have positioned Hollund to not only
gain access to waters where these forests are located, but can
operate more effectively and efficiently than any competitor.
But most importantly, wood millers and distributors like North Cal
understand the value of this resource. Luckily for us, North Cal is
experienced at retrieving under water wood, is knowledgeable at
milling it, and has a readily accessible market in which to
distribute it."
Management at both companies are enthusiastic about the progress
being made in the working relationship. The current sales and
distribution arrangement, the U.S. corporate offices and now the
possibility of a partnership in Brazil all speak to the growing dynamic
between HIMR and North Cal; which Meier concludes, "We are very
excited by the opportunity to partner with North Cal in underwater
logging and look forward to growing the relationship."
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.
Hollund's Project Development Teams seek to develop underwater
forest concessions in partnership with state and local governments,
utilities, and other entities that own or manage underwater
forests. The Project Teams further collaborate with experienced
partners working in the Forest Sector, investing its resources and
tapping the strengths of its networks to advance the Company's
strategic goals.
About North Cal Wood Products Inc.
North Cal Wood Products Inc. (North Cal) is an integrated reclaimed
wood products company catering to high-end commercial and
residential clients worldwide. Products include solid
hardwood flooring, siding, decking, lumber, and custom beams, slabs
and millwork.
North Cal proudly offers a large selection of FSC Recycled and
FSC 100% products (FSC license code # FSC-C066506). Specialty woods
include reclaimed redwood, douglas fir, and Western red cedar;
domestic and tropical hardwoods; various other domestic reclaimed
woods. Founded in 1985, North Cal is based in Ukiah, California.
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.
For investor relations,
Hollund Industrial Marine, Inc.
Sheldon Romain
info@hollundindustrial.com
(707) 659-6631
SOURCE Hollund Industrial Marine, Inc.