BLAINE, WA, August 14, 2013 Hollund Industrial

BLAINE, WA, August 14, 2013 Hollund Industrial Marine, Inc. announced that the Company's executives returned from a successful trip to Panama where they transitioned from an LOI to a formal finalized agreement for its first underwater tree harvesting contract.

"This has certainly been a journey, but we have achieved our primary goal," stated Peter Meier, President of Hollund. Finalizing this agreement has absolutely solidified our viability. Moreover, as we move into the extraction part of our operations, we will begin to prove our revenue model. "To this end, we are extremely excited and satisfied with our accomplishments."

The company is now officially slated to begin low-tech revenue generation by harvesting underwater trees. Operations to begin within 90 days (from August 14th) where first revenues are expected to be booked. Pursuant to the terms of the agreement, Hollund is required to make one final payment to the concession operator. The Company will tap into the $350,000 funding facility guaranteed by Santa Fe private equity firm, Vera Group to complete this transaction.

Mr. Meier concluded, "By completing this transaction, Hollund Industrial Marine has now surpassed concept, crossing over to reality, and we are very excited to start our prep work on the Lake Bayano project. We do expect to see considerable and sustainable growth from here on forward."