Hollund Industrial Marine Files Extension for 1st QT - CEO Addresses Shareholders
BLAINE, Wash., May 2, 2013 /PRNewswire/ -- Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company") announced today that on April 29th, 2013, the Company notified OTC Markets of a late filing, requesting an extension to post its voluntary quarterly disclosures by May 10th, 2013.
"Although this information is readily available on the OTC Markets' website, given ongoing request for more transparent accessibility, we felt compelled to ensure all shareholders were aware of this information's location," stated Peter Meier, President of Hollund.
Meier continued, "Further, as we continually have ongoing communications with shareholders by email and telephone, we want to be clear on what we can and cannot discuss. Under no circumstances can we discuss stock price or volume in any form or fashion. Also, we cannot address individual shareholder questions with answers not currently in the public domain."
"However, what we'd like to make clear to all shareholders, is that Hollund Industrial Marine is doing very well in pursuing its business plan and has made significant progress in advancing our business model. In the past 4 months we have made great strides in our pursuit of underwater tree harvesting concessions throughout Latin America. Our political and business networks throughout the region are beginning to flourish. Avenues for good, responsible financing vehicles have also revealed themselves both in North America and abroad. We are quite confident that HIMR will have a number of considerable successes this year that we believe will be both apparent and tangible to the marketplace."
Mr. Meier concluded, "However let me be clear, success and excellence do not come without its challenges and sacrifices. Concessions have a cost to secure. With each concession a new TigerLynk must be manufactured. Money will have to be raised and possible new partners taken on. Still, just as we attempted to protect the interest of shareholders with our stock reduction program, we will look to institute even loftier strategies to build greater shareholder value as operations fully take form. These strategies, along with real revenue opportunities and probable up-listing, may not only evade unwanted restructuring, but quite possibly increase shareholder's upside potential considerably."
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc. (Pink Sheets: 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.
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.