HIMR News Hollund Industrial Marine Continues T
Post# of 144432
HIMR News
Hollund Industrial Marine Continues Transparency Effort With Further Communications to Shareholders
2012-09-06 08:47 ET - News Release
Company Plans to Release Quarterly Shareholder Updates Following Conference Call
BLAINE, Wash. , Sept. 6, 2012 /PRNewswire/ -- Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company") announced that on the heels of the Company hosting its first shareholder conference call on Friday, September 28 th , 2012, Hollund's management will release the Company's first Quarterly Shareholder Update on or around October 15 th , 2012.
"We believe our shareholder conference call will certainly offer investors a clear view into the personalities of our management team," stated Peter Meier, President of Hollund. "However, it will be in the quarterly shareholder update where shareholders will get another glimpse into the seriousness and efficacy of Hollund Industrial Marine."
Much has occurred at Hollund over the past ten months. There have been adjustments to the executive management, an evolvement of the business model, elimination of debt, launch of underwater project development teams, reduction of outstanding shares, securing an exclusive technology license and entering into an extremely favorable relationship with one of the country's most notable reclaimed wood distributors. Peter Meier suggested that the real excitement is in the details of these events stating, "We want our shareholders to understand the progressive thought behind each action we take. For example, what is the actual reason for our aggressively attempting to reduce the outstanding share count so substantially? Why is it we believe both the company and its shareholders will benefit so greatly if successful – what's the true value? Topics like this will be explained upon on the call, but the finite details of our many of our strategies will be offered within the shareholder update."