Completion of Infrastructure Construction Moves Hollund Industrial Marine Bayano Project to Timber Recovery Trials
January 15 2014 - 8:33AM
Marketwired
Completion of Infrastructure Construction Moves Hollund Industrial
Marine Bayano Project to Timber Recovery Trials
BLAINE, WA--(Marketwired - Jan 15, 2014) - Hollund Industrial
Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company"), an
underwater forest management company, announces the completion of
infrastructure construction at the Bayano Lake Timber Project in
Panama.
Peter Meier, president of Hollund, stated, "The Bayano Lake Wood
Products project team has successfully completed construction on
the primary access road and log landing site. This is a
critical step in allowing the project to advance into the wood
recovery, processing and distribution stage. We anticipate the
logging crews will be conducting initial timber recovery trials
just inside of the next few weeks -- during which time we expect to
finalize the operating plan with our senior partner. We are
pleased with the completion of the construction phase and eagerly
look forward to the start up of operations at Bayano."
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.
Related Links:
http://finance.yahoo.com/news/hollund-industrial-marine-secures-upwards-133300068.html;_ylt=A2KJ3CdKQKFSIxoAOB2TmYlQ
http://finance.yahoo.com/news/hollund-industrial-marine-announces-partnership-220827285.html
For investor relations, Hollund Industrial Marine, Inc. Email
Contact (707) 659-6631
Hollund Industrial Marine (CE) (USOTC:HIMR)
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