BLAINE, Wash., Aug. 3, 2012 (GLOBE NEWSWIRE) --

BLAINE , Wash. , Aug. 3, 2012 (GLOBE NEWSWIRE) -- Hollund Industrial Marine, Inc. (Pink Sheets:HIMR) ("Hollund" or the "Company").

This morning's release titled, Hollund Industrial Marine Explores Investment bank prospects to secure Up to $8 million in project financing ( Successful Push into South American Region Draws Institutional Interest) -- Hollund announced that the company is essentially winding down talks with various investment banks that have taken an interest in assisting the company with its project financing; and will soon decide on a firm to go with.

In this release, there appears to be some confusion as to management's intention along with the type of financing that is going to be used for managing its concession projects.

To clarify, Hollund plans to only use the most non-dilutive financing facility available to fund its concession projects. Project financing ranges between $5 million to $8 million dollars; an amount management believes is too large to raise responsibly using conventional micro-cap means. Therefore, management has no desire nor does it plan to use (not use) debt conversions, 504, Reg A, or any other means of raising capital that remotely relies solely on the stock in raising money for its concession projects.

Management firmly believes that any method of financing used for its concession projects, which may burden and/or dilute the market, is not in the best interest of the shareholders nor the company. Hollund is committed to supporting shareholder value. This has recently been demonstrated in Hollund actively attempting to limit dilution by setting a course to reduce the Issued and Outstanding common share count by at least 3.5 Billion shares.

Hollund provides this clarity in response to shareholder inquires and sincerely encourages continuous communication between management and investors.

http://www.hollundindustrial.com/recent_news.html