SOURCE: Hollund Industrial, Inc.

December 06, 2007 08:00 ET

Hollund Industrial, Inc. Announces New Details of Business Plan and Corporate Strategy

VANCOUVER, BC--(Marketwire - December 6, 2007) - Hollund Industrial, Inc. (PINKSHEETS: HLLD) today announced new details of its corporate business plan and forward strategy for 2008. As part of the business plan, Hollund is seeking to acquire a portfolio of applied technologies for energy, construction, forestry, mining, and other industrial sectors.

To start-up operations and generate revenue, Hollund has targeted acquisition opportunities. "Our strategy is focused on acquisition opportunities that represent the potential to generate positive cash flow and profitable operations for the Company," stated Hollund President and CEO Michael Lacy. "The Company has already identified a potential acquisition target and commenced negotiations. I expect in the near future to be able to provide an important update on these negotiations to our shareholders."

On November 20th, 2007, Hollund Industrial, Inc. announced the completion of its reverse merger with Carver Corp. (Carver). On October 30th, 2007 the former executives of Carver resigned and were replaced by a new executive team that is committed to restoring shareholder value to the Company. Hollund's new business plan is designed to capitalize on growing demand for technologically advanced heavy equipment solutions and infrastructure related project services worldwide.

"Having completed our reverse merger, the Company is poised to accelerate our business plan. I am confident that Hollund will be successful in our efforts to acquire technologies and introduce innovative products and services to the marketplace that will contribute to the bottom-line."

About Hollund Industrial, Inc.

Incorporated in Washington, Hollund Industrial, Inc. (PINKSHEETS: HLLD) is a development-stage industrial technology company focused on acquiring and developing applied technologies for energy, construction, forestry, mining, and other sectors. The Company was formed to capitalize on growing demand for technologically advanced heavy equipment solutions and infrastructure related project services worldwide.

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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    Karolina Czajka
    866-840-7219