UPDATE : 08/14/2012 - HIMR announces FIRST reduction of "just over  1 BILLION shares" with Outstanding Shares to reflect this within 24 hours !

BLAINE, Wash. , Aug. 14, 2012 /PRNewswire/ --  Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company") yesterday announced that the company has begun its Dilution Reform Program (share reduction plan) weeks ahead of schedule, eliminating approximately 16.3% of  the shares Issued and Outstanding .  With expectations of a total share reduction of just over 40% of the issued and outstanding shares , management is confident the company will successfully retire at least 3.5 Billion shares by year end .
"Dilution is all too common in the public markets," stated Peter Meier , President of Hollund.  "But when a company's management believes in itself and its insiders adopt these beliefs there is plausibly no limit to the upside potential.   At Hollund, we are fortunate to have the commitment of our team - internal and external - as this reduction plan is made possible through that belief."