Hollund Engages Domestic Partnerships for Immediate Access to North American Underwater Logging Markets
June 12 2014 - 8:12AM
Marketwired
Hollund Engages Domestic Partnerships for Immediate Access to North
American Underwater Logging Markets
BLAINE, WA--(Marketwired - Jun 12, 2014) - Hollund
Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the
"Company"), an underwater forest management company, announced
today that management has engaged in several partnerships to begin
leveraging underwater timber recovery projects at target reservoirs
and lakes throughout North America.
"While we are currently focused on logging timber from
reservoirs in places like Panama, our North American partnerships
have offered us the ability to capitalize on immediate
opportunities in harvesting sunken timber, a practice commonly
referred to as 'deadhead logging'," said Peter Meier, President of
Hollund. "Throughout North America we see numerous deadhead
projects already underway. This is tremendously exciting for
us."
In the early days of logging, rivers and lakes served as the
highways for transporting logs from forest operations to
mills. It is estimated that as many as one out of every ten
logs floated on commercial waterways actually sank to the bottom
prior to reaching its final destination. Today, deadhead logging
has become the subject matter of a number of Reality T.V.
shows.
"When you consider the fact that up to 10% of the timber cut
from forests over many decades could be currently lying on the
bottom of waterways, you end up with billions of board feet of
recoverable lumber," said Sheldon Romain, Vice President of
Hollund. "Deadhead logging represents an unprecedented
opportunity to develop a high value 'lost' resource and create new
jobs in the forest sector. This will allow HIMR to lead the
U.S. industry by leveraging our partnerships in wood sales,
manufacturing, and technology partnerships."
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.
For investor relations, Hollund Industrial Marine, Inc. Email
Contact (707) 659-6631
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