Hollund Engages Domestic Partnerships for Immediate Access to North American Underwater Logging Markets

Hollund Engages Domestic Partnerships for Immediate Access to North American Underwater Logging Markets
  
 

BLAINE, WA--(Marketwired - Jun 12, 2014) -  Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company"), an underwater forest management company, announced today that management has engaged in several partnerships to begin leveraging underwater timber recovery projects at target reservoirs and lakes throughout North America.

"While we are currently focused on logging timber from reservoirs in places like Panama, our North American partnerships have offered us the ability to capitalize on immediate opportunities in harvesting sunken timber, a practice commonly referred to as 'deadhead logging'," said Peter Meier, President of Hollund. "Throughout North America we see numerous deadhead projects already underway. This is tremendously exciting for us."

In the early days of logging, rivers and lakes served as the highways for transporting logs from forest operations to mills. It is estimated that as many as one out of every ten logs floated on commercial waterways actually sank to the bottom prior to reaching its final destination. Today, deadhead logging has become the subject matter of a number of Reality T.V. shows.

"When you consider the fact that up to 10% of the timber cut from forests over many decades could be currently lying on the bottom of waterways, you end up with billions of board feet of recoverable lumber," said Sheldon Romain, Vice President of Hollund. "Deadhead logging represents an unprecedented opportunity to develop a high value 'lost' resource and create new jobs in the forest sector. This will allow HIMR to lead the U.S. industry by leveraging our partnerships in wood sales, manufacturing, and technology partnerships."

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.

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