BLAINE, Wash., Jan. 26, 2015 /PRNewswire/ -- Hollund
Industrial Marine, Inc. (OTC PINK: HIMR) ("Hollund" or the
"Company") an underwater forest management company, announced
today, that the Company has begun to source and vet distribution
partners, to ensure sufficient channels to support minimum sales of
between 900 thousand to 1 million board feet of over 20 marketable
tropical wood species in 2015.
"The daily timber recovery plan appears to be on target," stated
Peter Meier, President of Hollund.
"This means, the first year's harvest is projected to yield roughly
960 thousand board feet, based on minimal operations."
While management indicated that the Company is developing a ramp
up strategy to increase production later this year, its primary
focus is to first secure sales of the timber harvested from current
operations. The Company has executed a plan to "source out
distribution partners, capable of handling the sales of an ample
and steady supply of tropical 'underwater wood'," continued Mr.
Meier.
"Up until now, many sales outlets would tend to be specialty
shops, as in years past, distributors were not provided with a
substantial and reliable enough supply of this timber type, to
warrant broader market participation. However, leveraging the
proven expertise and experience of our partners, and even without
implementation of future innovations, we have the ability to
increase minimal yearly production to over 5 million board
feet. We believe this would reflect the largest and most
consistent volume supply the markets have seen yet. In this
instance, we would require several well positioned, seasoned and
nimble distribution sources."
Management indicated that they have engaged in dialogue with
several prospects. Company officials expect to move the
vetting process along to formal engagements quickly.
Mr. Meier concluded, "Time is of the essence, as we intend to
swiftly identify prospects, ship samples, execute distribution
agreements and sell wood in very short order."
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA,
Hollund Industrial Marine Inc. (OTC PINK: 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.
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.
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SOURCE Hollund Industrial Marine, Inc.