Hollund Industrial Marine Inc. (HIMR)

[Penny_God]

HUGE NEWS OUT JUST NOW!!
WA, USA October 11, 2012 /PRNewswire/ -- Hollund Industrial Marine, Inc announced today that the Company has executed the Letter of Interest ("LOI")  to pursue a merger with Triton Logging, Inc. As previously announced, the Company received an unsolicited LOI  for a potential merger between the two companies combining properties, resources and management.
After initial due diligence review of the resources the merger with Triton would bring, management felt it was in the Company's best interest to pursue this merger. The synergies, resources and key mining relationships that Triton has to offer to Gold Hollund is the right fit for the Company's goals for the future.
With the execution by both parties of the LOI, the first meeting between the two companies has been scheduled for next Tuesday, October 16th in Orlando, Florida. The purpose of this first meeting is to lay the groundwork for the final Definitive Agreement. As a result of the current environment in the underwater logging space, the companies have agreed to move through this process as expeditiously as possible.
Peter Meier, President of Hollund Industrial Marine., stated "We have taken the initial steps necessary to pursue this merger with Trition. This deal will not only help both Triton and Hollund, but also play a big role in rewarding our investors with a steady incline in our stock value. At the same time, we remain fully committed to our current partners and investors. We view this opportunity as a chance to further enhance these relationships through the added synergies and resources Triton management is capable of adding to this combination."
ABOUT HOLLUND INDUSTRIAL MARINE: Hollund Industrial Marine, Inc has developed an innovative heavy machine solution for the underwater forest industry called TigerLynk (www.TigerLynk.com). TigerLynk is a patented and proven machine technology that uses an industrial robot arm mounted on a vessel or platform to remotely cut and retrieve timber from underwater sources (lakes, reservoirs and rivers). Our Vice president, Dr. Claus Wagner-Bartak, leads Hollund?s team responsible for commercializing TigerLynk for the global marketplace. Dr. Bartak is an award-winning scientist who coordinated the research and development of the robot arm used on the NASA Space Shuttle (Canadarm 1).
Learn more about Triton Logging Inc.  http://www.tritonlogging.com/
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mining exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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