Mr. Sheldon Romain, Vice President of Hollund Industrial Marine stated, "The connection between Hollund and North Cal Wood Products is simple. North Cal wishes to push its environmental agenda while expanding its operations; substantially broadening distribution, especially online. To successfully accomplish both goals, North Cal is seeking to secure new sources of environmentally sensitive lumber. Underwater timber provides a perfect source for expanding their distribution."

Operating nearly 30 years, North Cal has become the nation's premier reclaimed woods company and distribution source for residential and commercial builders around the world. With a large portfolio of Fortune 500 clients and a growing deconstruction business, North Cal is involved in numerous high profile building and deconstruction projects throughout the United States.

North Cal 's larger goal of reducing their carbon footprint has made it a pioneering force in the industry's movement toward environmental sustainability. Amongst the first FSC Certified Recycled companies, North Cal's products and services help to offset emissions from the logging, transportation, processing and the milling of new wood.

Executives at North Cal believe the global movement toward environmental sustainability is taking center stage. People close to North Cal suggest that Hollund is positioning to become the catalyst in a worldwide movement that is not just "Green" altruistically.

Mr. Romain concluded, "Our current position is much stronger today than when talks originated with North Cal back in December of 2011. We believe we can, and, intend to consummate a relationship with North Cal quickly. We are fairly confident that this partnership will indeed increase overall credibility and should considerably contribute to both shareholder confidence and value."

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