Hollund Industrial Marine to Kick Off New Initiative With Launch of U.S. Development Team
June 06 2012 - 7:57AM
Marketwired
Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or
the "Company") announced today that the company's Vice President,
Sheldon Romain will lead Hollund's first team organized under the
"Project Team Initiative," which launched this past May to maximize
marketing efforts, boost production and accelerate market entry
around the world.
"With Peter Meier's mandate to broaden and strengthen underwater
forest and mining concessions and partnerships, we took immediate
action in forming the U.S. Underwater Forest Project Development
Team," stated Mr. Roman, Vice President of Hollund Industrial
Marine, Inc. "While global opportunities for Hollund seem plentiful
in places like China, South America and Africa, our market is on
the apparent upswing in the U.S. and we intend to explore it
fully"
Project Teams such as the U.S. Underwater Forest Project
Development Team will appropriately manage Hollund's resources to
effectively tap the strengths of its networks -- advancing
strategic goals. Teams will build and expand underwater forest
concessions in partnership with state, local governments and
utilities. Strategic alliances will also be formed with those
entities owning or managing underwater forests.
Hollund's U.S. Team brings a wealth of knowledge and experience
to the space. Management strongly believes that under the direction
of Romain, the vast network and depth of services to be offered by
Hollund's U.S. team could potentially benefit U.S. operators
seeking to increase sales, greatly.
Having already begun to market in states like Florida and
Montana, people close to the company believe that the U.S. Team
will further accelerate Hollund's market entry. With states like
Michigan, where permits to harvest submerged logs from the Great
Lakes are being offered for the first time in 8 years, management
is fairly confident that with the technology Hollund offers, the
projected number of concessions -- in the U.S. alone -- will likely
be met if not exceeded.
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.
Hollund's Project Development Teams seek to develop underwater
forest concessions in partnership with state and local governments,
utilities, and other entities that own or manage underwater
forests. The Project Teams further collaborate with experienced
partners working in the Forest Sector, investing its resources and
tapping the strengths of its networks to advance the Company's
strategic goals.
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 CONTACT: info@hollundindustrial.com
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