SOURCE: Hollund Industrial, Inc.

April 28, 2008 06:30 ET

Hollund Industrial, Inc. Announces Letter of Intent for $3.6 Million Purchase and Sale of TigerLynk Machinery

BRANSON, MO--(Marketwire - April 28, 2008) - Hollund Industrial, Inc. (PINKSHEETS: HLLD) ("Hollund" or the "Company") today announced the signing of a Letter of Intent from North Cal Wood Products ("North Cal"), a California corporation, for the future purchase and sale of TigerLynk machinery. This represents the first letter of intent signed with a customer.

Under the Letter of Intent, North Cal would purchase three (3) TigerLynk model AR-120 machines over the next three (3) years for a total of $3.6 Million, or $1.2 Million each. The Letter of Intent is subject to negotiation and execution of a definitive agreement.

The Company expects to deliver the first AR-120 to North Cal in 2008. North Cal is one of a number of companies that Hollund is currently negotiating sales contracts with for the Company's new line of heavy machinery being developed for various underwater construction, forestry, mining, and flood emergency response applications.

"We're pleased with the early strong interest of North Cal and other companies we've introduced to TigerLynk. Already North Cal has introduced our product line to a number of interested groups in California. It will be important to develop these other interests and the Letter of Intent, into sales contracts to enable Hollund to commence production on this important project," stated Michael Lacy, Hollund's President and Chief Executive Officer.

About Hollund Industrial, Inc.

Incorporated in Washington, Hollund Industrial, Inc. (PINKSHEETS: HLLD) is a technology development and production company focused on the marine industry. Hollund Industrial Robotics Systems, Inc. (Hollund Robotics), Hollund's wholly owned Canadian subsidiary, has the exclusive patents to TigerLynk Technology. TigerLynk is an innovative heavy machine system being developed for various underwater construction, forestry, mining, and flood emergency response applications. TigerLynk machines feature large-scale robotic manipulators, versatile tools, and unique vision enhancement systems that enable an operator to safely perform a wide range of remote services.

For more information on Hollund, visit www.HollundIndustrial.com.

For more information on TigerLynk machinery, visit www.TigerLynk.com.

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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