Hollund Industrial Marine to Negotiate Exclusive Technology License -- Explores Retiring Stock and Reducing Authorized Shares
June 25 2012 - 8:47AM
Marketwired
Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or
the "Company") announced the company is underway with two exciting
initiatives. The first, negotiating an exclusive license for
patented underwater logging technology. The second, exploring the
possibility of retiring a significant amount of common stock --
reducing outstanding shares -- in addition to reducing the shares
authorized.
"Recent developments in the U.S., Brazil and now even perhaps
Asia, are simply too enormous and incredible to ignore," stated
Peter Meier, President of Hollund. "Responsibility dictates that we
do everything within our means to fully explore and take advantage
of each favorable opportunity. For one, we will support the
strength of our core competency without veering from our business
model. This will be achieved through our securing an exclusive
right to market and offer a proven patented technology to
underwater logging operators and concessions around the world."
Management has confirmed that executives of Hollund are
currently engaged in negotiations with the technology owner to
secure a long-term exclusive agreement for the rights to market and
operate the patented underwater timber mining robotic system.
Meier continued, "We also must continuously strive to build
considerable shareholder value. This includes structurally
positioning our company to increase its attractiveness to
institutional financing partners as well as potential joint
ventures."
Management indicated it is currently exploring a method to
responsibly reduce Hollund's outstanding share count. People close
to the company believe executives will retire a significant amount
of common stock to treasury. Management also indicated this stock
reduction may likely be accompanied by a decrease in the company's
authorized shares.
Meier concluded, "Doing all that we can to thwart unnecessary
dilution is key to engendering shareholder confidence and building
the overall intrinsic value for investors."
Within the next 30 days, Hollund executives expect to both
successfully secure the exclusive technology license sought and
intend to announce an official strategy to retire common stock to
treasury and reduce authorized shares.
About Hollund Industrial Marine, Inc. Headquartered in Blaine,
WA, Hollund Industrial Marine Inc. (PINKSHEETS: 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.
For investor relations, Hollund Industrial Marine, Inc.
ir@hollundindustrial.com
CONTACT: Hollund Industrial Marine, Inc.
info@hollundindustrial.com
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