BLAINE, Wash., Aug. 21, 2012 /PRNewswire/ -- Hollund Industrial
Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company")
announced today that in anticipation of formalizing a central
pending relationship, the company will retire between 400 million
and 600 million shares from the outstanding common stock by
August 24, 2012.
"As previously stated, we have business opportunities and
prospective suitors that are too significant to overlook,"
stated Peter Meier, President of Hollund. "Incredibly,
what we have been hard at work on for nearly the past nine months
is suddenly materializing. Be it concessions, technology
licenses, distribution outlets and the like, what was purely an
ambition yesterday is materializing much faster than imagined."
Management has expressed its commitment to responsibly [attempt
to] reorganize the company's capitalization structure hoping to
produce the most positive impact for shareholder value. This
goal motivated the company to currently forgo the reverse split and
enact what is believed to be a more benefiting plan – the Dilution
Reform Program – intended to reduce the common share count by at
least 3.5 Billion common shares.
The company has a number of initiatives that management has been
working on for several months. One in particular is
anticipated to begin materializing in the very near future. Sources
close to the company suggest this is one of the reasons for the
constant acceleration of the share reduction plan.
"Our shareholders and future associates, partners and financiers
want to know we have the wherewithal to create an environment that
is healthy and poised for growth before they commit," continued
Meier. "We are working diligently to build an infrastructure
that will support significant investment opportunities and game
changing partnerships that our current and future service offerings
can expand from. In the next few days, we expect to be one
step closer to fulfilling our loftiest of goals."
People close to the company anticipate Hollund is in the final
stages of completing an initial transaction that could further
secure and possibly expand the company's overall market
penetration.
Additional details will be discussed during the shareholder
conference call.
To visit the Hollund Industrial Marine Facebook page,
please visit
https://www.facebook.com/pages/Hollund-Industrial-Marine-Inc/272602472839738.
To visit The Company's Twitter page, please visit
https://twitter.com/HollundIndust, and for
LinkedIn please visit
http://www.linkedin.com/groups/Hollund-Industrial-Marine-4570816?gid=4570816&trk=hb_side_g.
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.
For investor relations,
Hollund Industrial Marine, Inc.
ir@hollundindustrial.com
Contact: info@hollundindustrial.com
SOURCE Hollund Industrial Marine, Inc.