Hollund Industrial Marine Secures Upwards of $1MM in Purchase Orders
December 05 2013 - 8:33AM
Marketwired
Hollund Industrial Marine Secures Upwards of $1MM in Purchase
Orders
Purchase Orders for Lake Bayano Lumber Roll in With Additional
Interest Expressed
BLAINE, WA--(Marketwired - Dec 5, 2013) - Hollund Industrial
Marine, Inc. (OTC Pink: HIMR) ("Hollund" or the "Company")
(http://www.hollundindustrial.com), an underwater forest management
company, announced that the Company has secured purchase orders for
tropical hardwoods of approximately $1,000,000. These orders are in
addition to those being secured or procured by our senior partner
at Lake Bayano, with more interest to follow.
"Securing purchase orders pre-operations, assures us there will
be a viable revenue stream derived almost immediately from the
project's start up," stated Peter Meier, President of Hollund
Industrial Marine. "We expect HIMR will bring additional
purchase orders online to the Bayano Lake Wood Products'
partnership, as operations begin to ramp up."
The Company confirmed that the purchase orders are from multiple
buyers. There has also been an expressed interest from other North
American lumber distributors to provide additional purchase orders
once timber recovery operations are in full swing.
The Company anticipates providing further details of its current
and pending purchase orders in the upcoming days, along with
updates on the status of the infrastructure completion and
projected start up.
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.
Related Links:
http://finance.yahoo.com/news/hollund-industrial-marine-announces-partnership-220827285.html
CONTACT: For investor relations, Hollund Industrial Marine, Inc.
ir@hollundindustrial.com (707) 659-6631
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