BLAINE, WA--(Marketwire -02/10/12)- Hollund Industrial Marine, Inc. (Pinksheets: HIMR.PK - News ) ( www.HollundIndustrial.com ) announced today that the Company has returned the Tiger-Lynk technology to the prior owner as part of a planned restructuring. This initiative will result in a substantial decrease in the Company's debt.

"Debt reduction is a key element of our broader strategy for restructuring and long term growth," states Michael Lacy, President of Hollund Industrial Marine. "No longer burdened by debt and technology development costs, we have streamlined our business and aligned management with their core strengths."

In discussing Hollund's new business model, Mr. Lacy stated, "Our new model is focused on project development and sales in the underwater forest sector. Hollund has developed a good relationship with the technology owner and we expect that the Company will be able to utilize Tiger-Lynk tree harvester systems on future projects."