Hollund Industrial Marine Starts Logistic Operations at Bayano Reservoir Project
Survey Teams Search Concession for Select Species to Fill Pending Orders
BLAINE, WA--(Marketwired - Mar 17, 2014) - Hollund Industrial Marine Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company"), an underwater forest management company, is pleased to announce that the senior project manager has informed management that survey teams have been on the reservoir identifying and tagging tree species in preparation for initial harvest operations.
"The launch of this first project will be a major milestone; however, it is only the beginning of Hollund's entrance into this multi-billion dollar untapped global market," stated Peter Meier, President at Hollund.
Sheldon Romain, Vice President at Hollund, commented, "A successful launch accelerates our path to revenues and provides us with a foothold to further develop our market strategy, which includes unlocking the intrinsic value of Bayano's submerged timber."
Hollund will dispatch its executive project team to Panama later this month to meet with its Senior Partner and local officials to discuss its ideas for expanding the size, scope and sustainability of the project.
Peter Meier concluded, "We look forward to getting down to Panama this month, seeing the operations unfold, and sharing our exciting new vision for growing the business, in partnership, with both Bayano Lake Wood Products and the local community."
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc. (PINKSHEETS: HIMR) seeks to align the interests of businesses, communities, utilities and governments by offering an integrated business model for underwater forest management. Hollund's model -- including resource and needs assessment, permitting, environmental and project planning, logging, milling, product branding and sales adds value for our shareholders, our partners and reservoir based communities.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). In particular, when used in the preceding discussion, the words "estimated," "believe," "optimistic," "expect," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks.
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