SOURCE: Hollund Industrial Marine, Inc.

Hollund Industrial Marine, Inc.

June 19, 2012 09:15 ET

Hollund Industrial Marine to Restablish Old and Open a New With Possible Multi Billion Dollar Project In Brazil

Two Brazilian Dams Provide Reentry and Expansion in Areas Rich With Underwater Forestry -- Opportunity Presents Potential Technology Licensing

BLAINE, WA--(Marketwire - Jun 19, 2012) - Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company") announced today that the South American Project Development Team has targeted the Tucurui and Balbina dam reservoirs in Brazil for planned future development. Combined project estimates conservatively reflect close to $2 Billion -- partly giving cause to pursue exclusive licensing of underwater logging technology.

"The team chosen to develop our South America concessions is very familiar with the region and maintains substantially valuable relationships in Brazil," stated Sheldon Romain, Vice President of Hollund Industrial Marine. "In fact, amongst this very qualified group of specialists are a few of the same individuals who launched the pilot project in Brazil -- proving the concept of using machine technologies to harvest a vast amount of invaluable submerged timber resources."

The primary area targeted, the Tucurui Dam, is precisely where members of Hollund's South American Development Team initially developed and proved the process of unmanned underwater forest mining. This was a pivotal moment for an entire industry. Once relying heavily on the dangerous labor of underwater divers, members of this team demonstrated that underwater logging was achievable without the risk of human lives. They also showed that this type of logging could be achieved much faster and with greater profitability. Using a prototype of the patented technology Hollund plans to offer through an exclusive license agreement the company is currently pursuing, members of this team successfully harvested timber submerged as deep as 60 feet in the Tucurui Dam reservoirs.

The Balbina Dam, covering over 920 square miles of inundated rainforest, has also been targeted by the South American Development Team. Securing this concession, along with Tucurui, would solidify Hollund's presence in Brazil.

Mr. Romain concluded, "This is a huge opportunity for us. Not only is our team made up of experts, but they could be considered the pioneers of this rapidly emerging industry. For this reason, we are aggressively pursuing an exclusive license to offer a proven technology to underwater logging operators and concessions worldwide."

Management expects that its development team will be able to offer secure concessions in Brazil and harvest timber at dramatically faster rates then currently available technologies.

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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