Aug. 22, 2012 Hollund announced today the Compa

Aug. 22, 2012 Hollund announced today the Company executed a MOU (Memorandum of Understanding) with one of the largest remanufacturing lumber companies on the Pacific Coast, North Cal Wood Products, Inc. . This positioning gives Hollund the ability to substantially improve its revenue potential through the extensive sales and distribution outlets North Cal has established over its stellar 30 year history.

"This relationship marks the beginning of an exciting new chapter for Hollund," stated Peter Meier, President of Hollund. "So many avenues of possible long-term sustainable revenue and growth have now been opened up to our niche timber harvesting company. We are thankful to North Cal for sticking with us through our evolution. The fact that they have taken this leap of faith, speaks volumes to Hollund's truest market potential."

"You don't become one of the top 10 lumber manufacturing companies on the west coast by mismanaging relationships," stated Mr. Van Vranken. "My 35 years in this business has offered an invaluable education in patience, discipline, diligence and perseverance. Hollund's management, while still evolving, has demonstrated to us these same qualities. This brings us to trust they will continue to make the type of quality decisions, exemplary of the past nine months since our last alliance discussions, which could possibly catapult their growth within the next year. We believe we can contribute to such possibilities and wish to be part of it."