BLAINE, WA--(Marketwired - Mar 24, 2014) - Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund"), an underwater forest management company, announced today that the company has signed a consulting agreement with The Industrial Hemp and Medical Marijuana Consulting Company, Inc. ("IHMMCC"), a wholly-owned subsidiary of HEMP, Inc. (PINKSHEETS: HEMP).
"Discussions with North Cal revealed a way in which we could maximize the value of our underwater timber projects, by incorporating industrial hemp fibers into the production process," stated Peter Meier, President of Hollund. "By combining wood waste, which would otherwise end up in landfills, with industrial hemp, promises to have a positive impact on the environment; partly by helping to reduce carbon emissions."
Management engaged IHMMCC solely for consulting on industrial hemp related endeavors. IHMMCC will advise Hollund on a market strategy focusing on nations with progressive legislation on hemp cultivation, that also have viable underwater timber projects -- such as France, Canada and China. Executives view industrial hemp as being a next frontier, sustainable industry, much like underwater timber, which remains the company's core business and primary focus.
Mr. Meier concluded, "Both HEMP and North Cal Wood Products are industry leaders and product innovators. We are excited to have them both as contributors to our growing team as we dive even deeper into these two multi-billion dollar industries."
About Hemp, Inc.
Hemp, Inc. (PINKSHEETS: HEMP) focuses on the vast market created by the growing, multibillion dollar industrial hemp industry and strives to be the most diversified company in the sector. Hemp, Inc. (PINKSHEETS: HEMP) is not currently involved in the cultivation or marketing of medical marijuana. It is the company's belief that legalization of Industrial Hemp in all 50 states (which is now possible with the passage of the 2014 Farm Bill) will come to pass. With that in mind, the company continues to build infrastructure with the potential to gain substantial market share before and after Industrial Hemp prohibition totally ends.
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc. (PINKSHEETS: HIMR), is an underwater forest management company which seeks to align the interests of businesses, communities, utilities and governments by offering an integrated business model for underwater forest management. Hollund's model, which includes resource and needs assessment, permitting, environmental and project planning, logging and milling, adds value to reservoir 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.