SOURCE: Hollund Industrial Marine, Inc.

Hollund Industrial Marine, Inc.

December 12, 2014 08:17 ET

4,000 Board Feet Per Day Secures Hollund Industrial Marine's Entry Into Marketplace

BLAINE, WA--(Marketwired - Dec 12, 2014) - Hollund Industrial Marine, Inc. (OTC PINK: HIMR) ("Hollund" or the "Company") an underwater forest management company, announced today that operations at Lake Bayano are currently harvesting over 4,000 board feet per day of over 20 marketable tropical wood species.

"Much of the underwater timber is comprised of valuable, exceptional hardwoods such as Cumaru, Santos Mahogany, Macawood, Tigerwood, Purpleheart and Zapatero in addition to softer hardwoods such as Espave," stated Sheldon Romain, Vice President of Hollund. "We now have the exclusive right to sell and distribute the harvested wood. With this, our overall yearly projected income has increased substantially. Additionally, we believe we will need to ramp up operations as we begin to receive and process purchase orders with greater regularity."

Management indicated that with just 4,000 board feet of water wood harvested by BLWP (Bayano Lake Wood Products) daily, the Company can easily generate seven figure revenues for 2015. However, as the tropical timber consumer market becomes more accustomed to the reliable and steady supply of water wood that Hollund and its partners can ultimately harvest and distribute, BLWP will ramp up considerably -- 16,000 to 20,000 board feet daily -- even if only using divers in the interim.

Mr. Romain concluded, "As our business model has evolved, our primary objective is to sell all of the standing timber to a single source, such as China. This would essentially expedite and bank roll operations; allowing us to rapidly expand our reach throughout Panama. Currently, our team is in discussions with several major sources to make this happen."

RSP (Request for Proposals) will be issued next week for groups with the capacity to purchase standing timber rights in minimum blocks of 1,000 hectares per.

About Bayano Lake Project
The Bayano Lake Project is situated in the Bayano Reservoir in the Darién Province, covering approximately 1000-hectares of densely inundated rainforest. The timber has been standing submerged since 1976 when the Bayano Dam was first built and the area was flooded. The term of the concession permit is for five years, with renewal options. The goal of forest harvest activities is the removal of accessible timber in BLWP's permitted areas, for the primary purpose of allowing the startup of tilapia farming operations.

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.

Contact Information

  • For investor relations,
    Hollund Industrial Marine, Inc.
    Email Contact
    (707) 659-6631