SOURCE: Hollund Industrial Marine, Inc.

Hollund Industrial Marine, Inc.

November 08, 2011 08:30 ET

Hollund Industrial Marine, Inc. Announces New Executive Appointments Possessing a Combined 48 Years of Forest Industry Experience

VANCOUVER, BC--(Marketwire - Nov 8, 2011) - Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) (www.HollundIndustrial.com) announced today the appointment of Michael Lacy as the Company's new president and Frank Van Vranken as the new vice president. Mr. Lacy joins Hollund Industrial Marine Inc. having served as its president from October 2007 to February 2011. Mr. Lacy replaces John Haylock and Mr. Van Vranken replaces John Russell.

"I am excited to join the company and thrilled that such a high level professional has accepted to serve as our vice president," said Lacy. "Mr. Van Vranken can count on a solid network of contacts all over the forest industry in North America and internationally. Supported by a strong team and a shared commitment to success, Mr. Van Vranken will play a major role in taking Hollund to the next phase of growth."

Mr. Lacy has 13 years of experience in underwater forestry, including public relations, consulting and sales. As president, Mr. Lacy will take charge of the daily operation of the Company.

Mr. Van Vranken has 35 years of forest industry experience, including the management of underwater forest projects, milling operations, and sales. He is the president of NorthCal Wood Products Inc., an online lumber mill services company (NorthCal.com) specializing in recycled and remanufactured wood products. As vice president, Mr. Van Vranken will focus on developing new market opportunities for Hollund Industrial Marine Inc. in the underwater forest sector.

The Company expects to make further announcements in the near future regarding details of its go forward strategy and other planned initiatives to grow the business and enhance shareholder value.

About Hollund Industrial Marine, Inc.
Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) designs, develops and markets the patented Tiger-Lynk remote operated machine with underwater vision enhancement systems (U.S. Patent #6,024,145).

Tiger-Lynk is comprised of a vessel-mounted robotic manipulator that can provide a wide array of underwater services in extreme murky, muddy and other limited vision conditions at depths of up to 180 feet.

The Company is focused on the marketing and commercialization of the Tiger-Lynk Technology for underwater forestry and construction, flood emergency services and disaster response, and offshore drilling markets.

For more information visit the Company's websites at: www.HollundIndustrial.com and 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.

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