Hollund's Reservoir Teams will seek to develop un

Hollund's Reservoir Teams will seek to develop underwater forest and mining concessions in partnership with state and local governments, utilities, and other entities that own or manage large dam reservoirs containing underwater forests and dredge mining opportunities. The Project Teams will further collaborate with experienced partners working in the Mining and Forest Sector, investing its resources and tapping the strengths of its networks to advance the Company's strategic goals.

The International Commission On Large Dams (ICOLD) estimates that there are as many as 48,000 large dams worldwide. A large dam is defined as higher than 15 meters. Mr. Meier stated, "Currently we are performing a detailed analysis of this market, where we are most likely to generate sales, and will immediately shift our team building focus to promote the fastest market entry possible."