SOURCE: Hollund Industrial Marine, Inc.

March 18, 2014 09:33 ET

Hollund Dives Into Aquatically Grown Hemp for a North Cal Study and Planned Project

New Growth Opportunities Emerge to Leverage Underwater Timber Operations & Enhance Models for Project Sustainability

BLAINE, WA--(Marketwired - Mar 18, 2014) - Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) (PINKSHEETS: HIMR) ("Hollund"), an underwater forest management company, announced today that it will participate in a Hemp study with North Cal Wood Products, Inc. ("North Cal").

North Cal is conducting a market research study on Hemp, with a goal of launching a pilot project to cultivate organic hemp in aquaponic systems applying new aquaculture and biodynamic farming practices. Hollund's interest in North Cal's project revolves around possibilities being explored by the Company to enhance the sustainability and profitability of underwater timber projects -- such as the Bayano project in Panama -- as well as to diversify into new markets.

"At Hollund, we are committed to reducing tropical deforestation by harvesting the abandoned rainforests submerged in Panama's Bayano Reservoir, and in the countless other reservoirs, lakes and rivers around the world," stated Peter Meier, President of Hollund. "With the recent passage of the U.S. Farm Bill legalizing hemp production for research purposes, we are intrigued by hemp as a fiber potentially relating to our underwater timber activities and overall environmental objectives."

In explaining the Company's move, Sheldon Romain, Vice President of Hollund stated, "Hemp is a durable, renewable fiber and, like underwater wood, represents a next frontier opportunity for natural resource exploration and development. Through our participation in this study, we look forward to learning more from North Cal and their industry partners, about aquatically grown hemp, the Hemp industry, aquaculture, and biodynamic farming."

About North Cal Wood Products, Inc.
Headquartered in Ukiah, California, North Cal Wood Products, Inc. ("North Cal") is The Premier Reclaimed Woods Company, with an extensive portfolio of high-profile commercial and residential installations. A FSC® certified company, North Cal specializes in the reclamation, remanufacture, sales and distribution of reclaimed and recycled woods. The Company works with award-winning builders, designers and architects to match its finest quality and performance to their inspired designs. To learn more about North Cal, visit www.NorthCal.com. To purchase North Cal's products online, visit www.OnlineLumberStore.com.

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.

Contact Information

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