Hollund Industrial Marine Announces Partnership Agreement to Commence Underwater Timber Operations at Panama's Bayano Lake
November 08 2013 - 5:08PM
Marketwired
Hollund Industrial Marine Announces Partnership Agreement to
Commence Underwater Timber Operations at Panama's Bayano Lake
Through Bayano Lake Wood Products, HIMR Secures Its 1st
Commercial Project
BLAINE, WA--(Marketwired - Nov 8, 2013) - Hollund
Industrial Marine, Inc., (OTC Pink: HIMR)
(http://www.hollundindustrial.com/) ("Hollund" or the "Company"),
an underwater forest management company, announced today that the
Company has reach a milestone in the Lake Bayano Project in Panama,
having solidified its partnership agreement with Bayano Lake Wood
Products -- hence securing the company's first commercial
underwater tree recovery project.
"This historic milestone marks a tremendous step forward in the
evolution and growth of Hollund, which brings us closer to becoming
a leading, global, underwater forest management company," stated
Peter Meier, President of Hollund. "I would like to take this
opportunity to thank our entire team for their contributions in
making today's announcement possible. I'd like to further
thank Bayano Lake Wood Products for affording us the opportunity to
formally partner with them on this project."
Management indicated that the process of securing the Bayano
Lake project was a learning experience that will weigh heavily in
how the company's affairs will be managed going forward. As of
now, the company and its partners are intently focused on the
start-up of operations.
Sheldon Romain, Vice President of Hollund, concluded with, "I
really want to thank our investors and lenders who stepped in to
assist us when the need was greatest. And I would certainly
like to thank our shareholders for their unwavering and continued
support."
Both executives shared sentiments of enthusiasm for the future
of Hollund as it heads into the milestone phase of development and
growth. The company will look to provide further updates on
its progress at Bayano Lake as well as other opportunities that are
being considered.
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc. (OTC
Pink: 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 info@hollundindustrial.com (707)
659-6631
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