A Prelude – Requested Statement

To Friends & Shareholders of Hollund Industrial Marine,

We realize the restlessness amongst you all has grown terribly as the wait to receive answers has become nearly unbearable. And while we understand that time isn’t usually considered a friend in our fast pace MTV society, in this instance, “time” is exactly what has allowed us to become the benefactors of several events, changes and corporate developments.

Now… Upon our announcement of entering into the LOI to secure our first concession, while it was a happy moment for us (management and shareholders), in an instant, we learned valuable lessons regarding the landscape of politics and respect amongst the honorable tribes in Panama’s Bayano. This experience prompted the appropriate and immediate ceasing of outward communications pertaining to the pursuit of the Lake Bayano concession.

With that said, we do anticipate having the full ability to make a formal announcement of progress this week (good, bad or indifferent) – providing pertinent information on a variety of important issues; Bayano in particular.

Please continue to be patient with us here at Hollund Industrial Marine, as we continue to sort out corporate growth matters – funding, concessions, dilution, audits, etc. We appreciate your support and your insistence on corporate communication.

Thank you.

Respectfully,

Peter Meier