Hollund Industrial Marine Starts Logistic Operations at Bayano Reservoir Project
18 March 2014 - 12:00AM
Marketwired
Hollund Industrial Marine Starts Logistic Operations at Bayano
Reservoir Project
Survey Teams Search Concession for Select Species to Fill
Pending Orders
BLAINE, WA--(Marketwired - Mar 17, 2014) - Hollund Industrial
Marine Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company"), an
underwater forest management company, is pleased to announce that
the senior project manager has informed management that survey
teams have been on the reservoir identifying and tagging tree
species in preparation for initial harvest operations.
"The launch of this first project will be a major milestone;
however, it is only the beginning of Hollund's entrance into this
multi-billion dollar untapped global market," stated Peter Meier,
President at Hollund.
Sheldon Romain, Vice President at Hollund, commented, "A
successful launch accelerates our path to revenues and provides us
with a foothold to further develop our market strategy, which
includes unlocking the intrinsic value of Bayano's submerged
timber."
Hollund will dispatch its executive project team to Panama later
this month to meet with its Senior Partner and local officials to
discuss its ideas for expanding the size, scope and sustainability
of the project.
Peter Meier concluded, "We look forward to getting down to
Panama this month, seeing the operations unfold, and sharing our
exciting new vision for growing the business, in partnership, with
both Bayano Lake Wood Products and the local community."
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc.
(PINKSHEETS: HIMR) 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.
Related Links:
http://finance.yahoo.com/news/completion-infrastructure-construction-moves-hollund-133300840.html
http://finance.yahoo.com/news/hollund-industrial-marine-see-potential-162251057.html
http://finance.yahoo.com/news/hollund-industrial-marine-secures-upwards-133300068.html
For investor relations, Hollund Industrial Marine, Inc. Email
Contact (707) 659-6631
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