Hollund Industrial Marine Now Positioned to Fully Explore Strategic Partnership With Nation's Premier Reclaimed Woods Company
June 28 2012 - 3:45PM
Marketwired
Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or
the "Company") announced that discussions with North Cal Wood
Products, Inc., have resumed -- positioning Hollund to take
advantage of a strategic partnership which could significantly
impact the company's revenue model; potentially increasing the
profitability of each concession secured by the underwater forest
harvesting company.
"Our initial discussions with North Cal could be seen as
premature," stated Sheldon Romain, Vice President of Hollund. "At
that time, Hollund had not yet proven its ability to satisfy the
demands of such a major wood product company. But in just over six
months, with streamlining our business model, adjustments to
management, significant reduction in debt and newly launched
initiatives, Hollund is rapidly becoming a beacon within a $50+/-
Billion market."
People close to both companies suggest that recent initiatives
by Hollund to target the Brazilian underwater logging market, where
Hollund's South American Project Development Team has identified
two projects worth roughly $2 Billion, were not the sole motivator
causing one of the nation's premier reclaimed woods companies to
reinvigorate discussions with Hollund.
Mr. Romain continued, "The connection here is simple. North Cal
wishes to push its environmental agenda while expanding its
operations; substantially broadening distribution, especially
online. To successfully accomplish both goals, North Cal is seeking
to secure new sources of environmentally sensitive lumber.
Underwater timber provides a perfect source for expanding their
distribution."
Operating nearly 30 years, North Cal has become the nation's
premier reclaimed woods company and distribution source for
residential and commercial builders around the world. With a large
portfolio of Fortune 500 clients and a growing deconstruction
business, North Cal is involved in numerous high profile building
and deconstruction projects throughout the United States.
North Cal's larger goal of reducing our carbon footprint has
made it a pioneering force in the industry's movement toward
environmental sustainability. Amongst the first FSC Certified
Recycled companies, North Cal's products and services help to
offset emissions from the logging, transportation, processing and
the milling of new wood.
Executives at North Cal believe the global movement toward
environmental sustainability is taking center stage. People close
to North Cal suggest that Hollund is positioning to become the
catalyst in a worldwide movement that is not just "Green"
altruistically.
Romain concluded, "Our current position is much stronger today
than when talks originated with North Cal back in December of 2011.
We believe we can, and, intend to consummate a relationship with
North Cal quickly. We are fairly confident that this partnership
will indeed increase overall credibility and should considerably
contribute to both shareholder confidence and value."
About North Cal Wood Products North Cal is an integrated
reclaimed wood products company catering to high-end commercial and
residential clients. Our products include solid hardwood flooring,
siding, decking, lumber, and custom beams, slabs and millwork.
North Cal reclaims virtually all the woods that we sell. Our
unique ability to manage chain of custody from material sourcing to
product delivery distinguishes North Cal from other leading
competitors.
North Cal proudly offers a large selection of FSC Recycled and
FSC 100% products (FSC license code # FSC-C066506). Our specialty
woods include reclaimed redwood, douglas fir, and western red
cedar. In addition, we offer a variety of domestic and tropical
hardwoods, as well as various other domestic reclaimed woods.
Founded in 1985, North Cal is based in Ukiah, California. For more
information on North Cal, visit www.NorthCal.com.
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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