Just a reminder for those who may not be up to date on recent developments:
BLAINE, WA--(Marketwired - Dec 5, 2013) - Hollund Industrial Marine, Inc. (OTC Pink: HIMR) ("Hollund" or the "Company") ( http://www.hollundindustrial.com ), an underwater forest management company, announced that the Company has secured purchase orders for tropical hardwoods of approximately $1,000,000. These orders are in addition to those being secured or procured by our senior partner at Lake Bayano, with more interest to follow.
"Securing purchase orders pre-operations, assures us there will be a viable revenue stream derived almost immediately from the project's start up," stated Peter Meier, President of Hollund Industrial Marine. "We expect HIMR will bring additional purchase orders online to the Bayano Lake Wood Products' partnership, as operations begin to ramp up."
The Company confirmed that the purchase orders are from multiple buyers. There has also been an expressed interest from other North American lumber distributors to provide additional purchase orders once timber recovery operations are in full swing.
The Company anticipates providing further details of its current and pending purchase orders in the upcoming days, along with updates on the status of the infrastructure completion and projected start up.
http://finance.yahoo.com/news/hollund-industr...00068.html
BLAINE, WA--(Marketwired - Nov 8, 2013) - Hollund Industrial Marine, Inc., (OTC Pink: HIMR) ( http://www.hollundindustrial.com/ ) ("Hollund" or the "Company"), an underwater forest management company, announced today that the Company has reach a milestone in the Lake Bayano Project in Panama, having solidified its partnership agreement with Bayano Lake Wood Products -- hence securing the company's first commercial underwater tree recovery project.
"This historic milestone marks a tremendous step forward in the evolution and growth of Hollund, which brings us closer to becoming a leading, global, underwater forest management company," stated Peter Meier, President of Hollund. "I would like to take this opportunity to thank our entire team for their contributions in making today's announcement possible. I'd like to further thank Bayano Lake Wood Products for affording us the opportunity to formally partner with them on this project."
Management indicated that the process of securing the Bayano Lake project was a learning experience that will weigh heavily in how the company's affairs will be managed going forward. As of now, the company and its partners are intently focused on the start-up of operations.
Sheldon Romain, Vice President of Hollund, concluded with, "I really want to thank our investors and lenders who stepped in to assist us when the need was greatest. And I would certainly like to thank our shareholders for their unwavering and continued support."
Both executives shared sentiments of enthusiasm for the future of Hollund as it heads into the milestone phase of development and growth. The company will look to provide further updates on its progress at Bayano Lake as well as other opportunities that are being considered.
http://finance.yahoo.com/news/hollund-industr...27285.html
