Hollund Industrial Marine Continues Transparency Effort With Further Communications to Shareholders Company Plans to Release Quarterly Shareholder Updates Following Conference Call
BLAINE, Wash., Sept. 6, 2012 /PRNewswire/ -- Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company") announced that on the heels of the Company hosting its first shareholder conference call on Friday, September 28th, 2012, Hollund's management will release the Company's first Quarterly Shareholder Update on or around October 15th, 2012.
"We believe our shareholder conference call will certainly offer investors a clear view into the personalities of our management team," stated Peter Meier, President of Hollund. "However, it will be in the quarterly shareholder update where shareholders will get another glimpse into the seriousness and efficacy of Hollund Industrial Marine."
Much has occurred at Hollund over the past ten months. There have been adjustments to the executive management, an evolvement of the business model, elimination of debt, launch of underwater project development teams, reduction of outstanding shares, securing an exclusive technology license and entering into an extremely favorable relationship with one of the country's most notable reclaimed wood distributors. Peter Meier suggested that the real excitement is in the details of these events stating, "We want our shareholders to understand the progressive thought behind each action we take. For example, what is the actual reason for our aggressively attempting to reduce the outstanding share count so substantially? Why is it we believe both the company and its shareholders will benefit so greatly if successful – what's the true value? Topics like this will be explained upon on the call, but the finite details of our many of our strategies will be offered within the shareholder update."
Sources close to the company suggest that while Hollund has successfully maintained its "Current Filer" status with OTCMarkets, management is methodically working toward becoming a fully reporting company. It is believed that this effort will become a hot pursuit for Hollund if certain key events can successfully occur, as contemplated, within then next 90 days. In the interim, a Spokesperson for the company stated, "Hollund still has to deliver more than just press releases and a fully reporting status to build shareholder confidence. Sitting in the 'hot seat' on shareholder conference calls and detailing certain strategies and business models in an irrefutable black and white document, speaks volumes of Hollund's expectation of the future.
Dial-in information for the shareholder conference call will be released approximately three business days before the call.
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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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SOURCE Hollund Industrial Marine, Inc.