Hollund Industrial Marine, Inc. Announces Strategic Partnership With North Cal Wood Products, Inc. to Target the Global Underwater Logging Market

BLAINE, WA--(Marketwire - Dec 15, 2011) - Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) (www.HollundIndustrial.com) today announced a strategic partnership with North Cal Wood Products, Inc. to target the fast growing global underwater logging market, a market estimated at $50 billion in undeveloped resource potential.

"We are excited to align with one of the industry's premier reclaimed wood companies," explained Mike Lacy, President of Hollund Industrial Marine. "Through the combination of Hollund's technology and North Cal's expertise and network, customers will benefit from having an integrated solution for underwater forest recovery, including resource assessment, planning, operations, management and logistics, and marketing. We believe this partnership will accelerate our plans to enter this dynamic eco-industry and offer the most innovative products to the marketplace."

"We are thrilled to be working with Hollund," said Tony Fernandez, General Manager at North Cal. "Hollund has pioneered a harvester that will forever change the way underwater forest resources will be developed in reservoirs. By teaming up with Hollund, we believe that this relationship will be the foundation for numerous commercial projects in the future."

Jointly, the companies will expand marketing of Tiger-Lynk technology worldwide to governments, utilities and reservoir impacted communities with a focus on high value projects.

Underwater logging is the process of logging trees from underwater forests. When artificial reservoirs and dams are built, large areas of forest are often inundated; although the trees die, the wood is often preserved. The trees can then be felled and brought to the surface using Hollund's Tiger-Lynk underwater tree harvester system.

About North Cal Wood Products, Inc.
North Cal Wood Products, Inc. (NorthCal.com) is an online lumber mill service company based in Ukiah, California. NorthCal.com distributes both recycled and re-manufactured materials worldwide and offers demolition, re-manufactured and reclaiming services. North Cal's customers include Fortune 500 companies, governments and major universities.

About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) designs, develops and markets the patented Tiger-Lynk technology (U.S. Patent #6,024,145) for today's toughest challenges in underwater logging. The Tiger-Lynk tree harvester under development is a vessel-mounted, self-contained tree feller system designed to cut trees in reservoirs in a safe, economical and eco-sensitive manner. Integrated purge and vision systems enhance the clarity of viewing in most extreme turbid conditions.

The Company is focused on the marketing and commercialization of the Tiger-Lynk Technology for underwater forestry and other applications, including construction, offshore energy, flood emergency services and mining.

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.