press release
May 16, 2013, 8:13 a.m. EDT
Hollund Industrial Marine Completes Lease Agreement With North Cal - Set To Expand Relationship
BLAINE, Wash., May 16, 2013 /PRNewswire via COMTEX/ -- Hollund Industrial Marine, Inc. (pinksheets:HIMR) ("Hollund" or the "Company") announced today that the Company has completed a lease arrangement with California's premier reclaimed wood company, North Cal.
"It has been a long road to completing this lease as it signifies more than just our corporate location, stated Peter Meier," President of Hollund. "Growth takes time as does trust and respect. We are continually working toward a mutual prosperity with North Cal."
There were a number of logistics - including insurance matters - requiring extra attention. Management says that North Cal has been entirely gracious to HIMR, providing a spacious location on one of their properties. People close to the situation expect it will take a little time for HIMR to get their new accommodations fully up and running, but what is key, "the opportunity we now have to work in closer proximity with our strategic partners broadens our capacity for execution and growth," said Meier.
It is expected that the current MOU between the two companies will also soon evolve as executives at both firms now have a much better handle on future expectations, given recent positive developments at both outfits.
Meier concluded, "When we start something we do not stop until the goal is completed; inch by inch until we are finished. This is how we intend to bring HIMR to its greatest potential. There are a number of things we have started and/or plan to begin. With the assistance of strategic alliances like North Cal, we expect to soon have the ability to disclose the details of our first projects."
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc. HIMR 0.00% 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.
For investor relations,Hollund Industrial Marine, Inc.ir@hollundindustrial.com (707) 659-6631
CONTACT: info@hollundindustrial.com
SOURCE Hollund Industrial Marine, Inc.
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