Posted On: 12/03/2014 8:42:10 AM
Post# of 17862
News out...
Hollund Sees New Day: First Revenue Opportunity For Underwater Timber Surfaces
Harvested Underwater Timber Sets Tone for Orders
http://www.prnewswire.com/news-releases/hollu...03980.html
OR
http://www.otcmarkets.com/stock/HIMR/news
BLAINE, Wash., Dec. 3, 2014 /PRNewswire/ -- Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company"
an underwater forest management company, announced today, that the Company is positioned with an ample wood inventory that allows it to begin satisfying existing purchase orders for underwater timber recovered from the Bayano reservoir.
Bayano Lake Wood Products began harvesting operations shortly after receiving the authorization to begin bringing trees to shore. With this, Hollund began undergoing several important adjustments in support of an improved market position and anticipated growth. With orders for various wood species in the pipeline, management anticipates recognizing revenue.
"It has been a long time coming, but I am happy to say that we are finally in a position to begin distributing underwater timber harvested from the Bayano project," said Peter Meier, President of Hollund."
Hollund is now much better positioned to execute their strategic business plan, focused on the recovery, sales and distribution of underwater wood. Going forward, management will be able to deploy a more streamlined business model as the new Hollund progresses in the area of fully integrated aquatic resource operations.
Hollund Sees New Day: First Revenue Opportunity For Underwater Timber Surfaces
Harvested Underwater Timber Sets Tone for Orders
http://www.prnewswire.com/news-releases/hollu...03980.html
OR
http://www.otcmarkets.com/stock/HIMR/news
BLAINE, Wash., Dec. 3, 2014 /PRNewswire/ -- Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company"
an underwater forest management company, announced today, that the Company is positioned with an ample wood inventory that allows it to begin satisfying existing purchase orders for underwater timber recovered from the Bayano reservoir. Bayano Lake Wood Products began harvesting operations shortly after receiving the authorization to begin bringing trees to shore. With this, Hollund began undergoing several important adjustments in support of an improved market position and anticipated growth. With orders for various wood species in the pipeline, management anticipates recognizing revenue.
"It has been a long time coming, but I am happy to say that we are finally in a position to begin distributing underwater timber harvested from the Bayano project," said Peter Meier, President of Hollund."
Hollund is now much better positioned to execute their strategic business plan, focused on the recovery, sales and distribution of underwater wood. Going forward, management will be able to deploy a more streamlined business model as the new Hollund progresses in the area of fully integrated aquatic resource operations.
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