SOURCE: Hollund Industrial Marine, Inc.

Hollund Industrial Marine, Inc.

June 06, 2012 07:57 ET

Hollund Industrial Marine to Kick Off New Initiative With Launch of U.S. Development Team

Lead by Sheldon Romain, First "Project Team" Expected to Accelerate Market Position

BLAINE, WA--(Marketwire - Jun 6, 2012) - Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company") announced today that the company's Vice President, Sheldon Romain will lead Hollund's first team organized under the "Project Team Initiative," which launched this past May to maximize marketing efforts, boost production and accelerate market entry around the world.

"With Peter Meier's mandate to broaden and strengthen underwater forest and mining concessions and partnerships, we took immediate action in forming the U.S. Underwater Forest Project Development Team," stated Mr. Roman, Vice President of Hollund Industrial Marine, Inc. "While global opportunities for Hollund seem plentiful in places like China, South America and Africa, our market is on the apparent upswing in the U.S. and we intend to explore it fully"

Project Teams such as the U.S. Underwater Forest Project Development Team will appropriately manage Hollund's resources to effectively tap the strengths of its networks -- advancing strategic goals. Teams will build and expand underwater forest concessions in partnership with state, local governments and utilities. Strategic alliances will also be formed with those entities owning or managing underwater forests.

Hollund's U.S. Team brings a wealth of knowledge and experience to the space. Management strongly believes that under the direction of Romain, the vast network and depth of services to be offered by Hollund's U.S. team could potentially benefit U.S. operators seeking to increase sales, greatly.

Having already begun to market in states like Florida and Montana, people close to the company believe that the U.S. Team will further accelerate Hollund's market entry. With states like Michigan, where permits to harvest submerged logs from the Great Lakes are being offered for the first time in 8 years, management is fairly confident that with the technology Hollund offers, the projected number of concessions -- in the U.S. alone -- will likely be met if not exceeded.

About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc. (PINKSHEETS: HIMR) seeks to align the interests of businesses, communities, utilities and governments by offering an integrated business model for underwater forest management. Hollund's model -- including resource and needs assessment, permitting, environmental and project planning, logging, milling, product branding and sales adds value for our shareholders, our partners and reservoir based communities.

Hollund's Project Development Teams seek to develop underwater forest concessions in partnership with state and local governments, utilities, and other entities that own or manage underwater forests. The Project Teams further collaborate with experienced partners working in the Forest Sector, investing its resources and tapping the strengths of its networks to advance the Company's strategic goals.

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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