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Hollund Sees New Day: First Revenue Opportunity For Underwater Timber Surfaces
Harvested Underwater Timber Sets Tone for Orders
BLAINE, Wash., Dec. 3, 2014 /PRNewswire/ — Hollund Industrial Marine, Inc. (HIMR) (“Hollund” or the “Company”) an underwater forest management company, announced today, that the Company is positioned with an ample wood inventory that allows it to begin satisfying existing purchase orders for underwater timber recovered from the Bayano reservoir.
Bayano Lake Wood Products began harvesting operations shortly after receiving the authorization to begin bringing trees to shore. With this, Hollund began undergoing several important adjustments in support of an improved market position and anticipated growth. With orders for various wood species in the pipeline, management anticipates recognizing revenue.
“It has been a long time coming, but I am happy to say that we are finally in a position to begin distributing underwater timber harvested from the Bayano project,” said Peter Meier, President of Hollund.”
Hollund is now much better positioned to execute their strategic business plan, focused on the recovery, sales and distribution of underwater wood. Going forward, management will be able to deploy a more streamlined business model as the new Hollund progresses in the area of fully integrated aquatic resource operations.
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc. (Pink Sheets: 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hollund-sees-new-day-first-revenue-opportunity-for-underwater-timber-surfaces-300003980.html
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