Through North Cal, Hollund has identified a potential joint venture candidate with targeted industry experience, as well as government and utility contacts. Once a Brazilian JV is established, Hollund's Development Team, through the 'new co,' will seek to secure harvesting projects at both the Tucurui and Balbina reservoirs; combined projects conservatively estimated at close to $2 Billion; making the partnerships extremely valuable to all parties involved.

The Company, which is set to open its offices at North Cal's headquarters in the upcoming month – is continually growing a rapport with the nation's premier reclaimed woods company. The two companies, already operating under an MOU, are poised to grow their relationship even further should a JV successfully come to fruition in Brazil .

North Cal, which currently has an exclusive sales and distribution arrangement with Hollund, anticipates there being tens of millions of cubic meters of timber submerged at the two Brazilian locations. People close to the 30+ year old firm indicate that water wood is the best source for "Green" wood and North Cal is keen on accessing the resource .