HIMR News
Hollund Industrial Marine Successfully Hosts First Shareholder Conference Call - Citing Bright Future With North Cal
2012-10-02 08:33 ET - News Release
Underwater Timber Harvesting Company Offers Further Transparency and Future Expectations BLAINE, Wash. , Oct. 2, 2012 /PRNewswire/ -- Hollund Industrial Marine, Inc . (PINKSHEETS: HIMR) ("Hollund" or the "Company") announced today the overwhelming success of the company's first shareholder conference call on Friday, September 28 th . "We couldn't be more pleased with the overall success of our event and shareholder interaction on Friday's call," stated Peter Meier , President of Hollund. "We're thankful to our shareholders for participating in the call and allowing us to provide increased transparency and our future expectations for Hollund." Led by Sheldon Romain , Vice President of Hollund Industrial Marine, approximately 30 minutes of information was provided to those in attendance followed by an informative and thorough Q&A session. "For those shareholders who were unable to attend the event, we wanted to provide an update as to some of the happenings here at Hollund," stated Sheldon Romain . "To start, we more formally introduced our audience to the TigerLynk technology in which we acquired an exclusive license to manage, market and operate." TigerLynk is a large submersible hydraulic machine, essentially a large articulated arm that is remotely controlled by an operator which can be used in a wide variety of underwater operations including mining, salvage, ocean clean up, infrastructure repair and environmental remediation. The machine is capable of harvesting at least one tree submersed underwater in approximately 5 minutes. This would equate to roughly 100 trees over an eight-hour shift. "As a project managing company overseeing concessions, we'd expect to realize between $1,500 and $3,000 per log," continued Romain. "If at an average of $2,000 per log when we're in full operation, using the metrics of an estimated 100 trees per eight-hour shift, we estimate that Hollund could realize as much as $200,000 in revenue in a single eight-hour shift, and that's just using one machine, without a dedicated sales and distribution relationship." Next, Romain explained how they intend to raise capital, in-line with the company's non-dilutionary business plan. "When it comes to raising money, we are very sensitive to the type of offerings used to raise the funds and the cost of that financing, both on the balance sheet and intrinsically to our shareholders," continued Romain. "We have set out to raise a significant amount of capital, specifically for our project financings, via investment banks and high net worth individuals and other private entities in a non-traditional and more creative funding transaction than usually contemplated by companies of our market position. In other words, we will not look to sell a bunch of stock to raise millions of dollars in project financing."
