Hollund Dives Into Aquatically Grown Hemp for a North Cal Study and Planned Project
March 18 2014 - 9:33AM
Marketwired
Hollund Dives Into Aquatically Grown Hemp for a North Cal Study and
Planned Project
New Growth Opportunities Emerge to Leverage Underwater Timber
Operations & Enhance Models for Project Sustainability
BLAINE, WA--(Marketwired - Mar 18, 2014) - Hollund Industrial
Marine, Inc. (PINKSHEETS: HIMR) (PINKSHEETS: HIMR) ("Hollund"), an
underwater forest management company, announced today that it will
participate in a Hemp study with North Cal Wood Products, Inc.
("North Cal").
North Cal is conducting a market research study on Hemp, with a
goal of launching a pilot project to cultivate organic hemp in
aquaponic systems applying new aquaculture and biodynamic farming
practices. Hollund's interest in North Cal's project revolves
around possibilities being explored by the Company to enhance the
sustainability and profitability of underwater timber projects --
such as the Bayano project in Panama -- as well as to diversify
into new markets.
"At Hollund, we are committed to reducing tropical deforestation
by harvesting the abandoned rainforests submerged in Panama's
Bayano Reservoir, and in the countless other reservoirs, lakes and
rivers around the world," stated Peter Meier, President of Hollund.
"With the recent passage of the U.S. Farm Bill legalizing hemp
production for research purposes, we are intrigued by hemp as a
fiber potentially relating to our underwater timber activities and
overall environmental objectives."
In explaining the Company's move, Sheldon Romain, Vice President
of Hollund stated, "Hemp is a durable, renewable fiber and, like
underwater wood, represents a next frontier opportunity for natural
resource exploration and development. Through our participation in
this study, we look forward to learning more from North Cal and
their industry partners, about aquatically grown hemp, the Hemp
industry, aquaculture, and biodynamic farming."
About North Cal Wood
Products, Inc. Headquartered in Ukiah, California, North Cal
Wood Products, Inc. ("North Cal") is The Premier Reclaimed Woods
Company, with an extensive portfolio of high-profile commercial and
residential installations. A FSC® certified company, North Cal
specializes in the reclamation, remanufacture, sales and
distribution of reclaimed and recycled woods. The Company works
with award-winning builders, designers and architects to match its
finest quality and performance to their inspired designs. To learn
more about North Cal, visit www.NorthCal.com. To purchase North
Cal's products online, visit www.OnlineLumberStore.com.
About Hollund
Industrial Marine, Inc. Headquartered in Blaine, WA, Hollund
Industrial Marine Inc. (PINKSHEETS: HIMR), is an underwater forest
management company which seeks to align the interests of
businesses, communities, utilities and governments by offering an
integrated business model for underwater forest management.
Hollund's model, which includes resource and needs assessment,
permitting, environmental and project planning, logging and
milling, adds value to reservoir 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. Email
Contact (707) 659-6631
Hollund Industrial Marine (CE) (USOTC:HIMR)
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