Hollund Industrial Marine Secures Upwards of $1MM in Purchase Orders
Hollund Industrial Marine Secures Upwards of $1MM in Purchase Orders
Purchase Orders for Lake Bayano Lumber Roll in With Additional Interest Expressed
BLAINE, WA--(Marketwired - Dec 5, 2013) - Hollund Industrial Marine, Inc. (OTC Pink: HIMR) ("Hollund" or the "Company") (http://www.hollundindustrial.com), an underwater forest management company, announced that the Company has secured purchase orders for tropical hardwoods of approximately $1,000,000. These orders are in addition to those being secured or procured by our senior partner at Lake Bayano, with more interest to follow.
"Securing purchase orders pre-operations, assures us there will be a viable revenue stream derived almost immediately from the project's start up," stated Peter Meier, President of Hollund Industrial Marine. "We expect HIMR will bring additional purchase orders online to the Bayano Lake Wood Products' partnership, as operations begin to ramp up."
The Company confirmed that the purchase orders are from multiple buyers. There has also been an expressed interest from other North American lumber distributors to provide additional purchase orders once timber recovery operations are in full swing.
The Company anticipates providing further details of its current and pending purchase orders in the upcoming days, along with updates on the status of the infrastructure completion and projected start up.
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, 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/hollund-industrial-marine-announces-partnership-220827285.html
CONTACT:
For investor relations,
Hollund Industrial Marine, Inc.
ir@hollundindustrial.com
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