Hollund Industrial Marine Seeks To Strengthen Emerging Relationships - Preps Market With Final Recapitalization Strategy
Goal of 70% Share Reduction Brings Float into Focus Retiring 700 Million Shares by Week's End
BLAINE, Wash., Nov. 13, 2012 /PRNewswire/ -- Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company") announced today that the Company will make its final share reductions; seeking to secure a relationship which could possibly reposition the company quite well; increasing assets, securing immediate revenue streams and solidifying investment feasibility.
"Of the many things we have accomplished in the past year, some investors do not understand the magnitude of this particular endeavor," stated Peter Meier, President of Hollund. "But it's simple, when a very attractive, profitable company requests you to make changes to enhance the probability of a future business arrangement, you progress accordingly. Remember, we were approaching 9 Billion shares just 8 months ago. Today, we are at sitting around 4.7 Billion shares; and in the immediate future, with this next round of share reductions focused on the float as well as the issued and outstanding, we could possibly be as low as roughly 2.8 Billion shares within 45 days. That is a major adjustment; all for the possibility of an incredible transformative opportunity we expect to come to fruition should we stay on course."
The company is confident it will achieve a total reduction amount close to 70%, employing a share retirement plan which virtually extinguishes the possibility of the shares returning to market; "moving the valued interest to the future earnings," stated Meier. Management hopes to restore good health to the 'cap table' and gain the confidence of those shareholders who may consider the ambitious endeavor very bullish.
Mr. Meier continued, "Our primary interest is, and will always continue to be, an execution of the business plan. We strongly believe by dedicating ourselves to efficacious action, Hollund shareholders will benefit tremendously."
The company continues to seek capital which minimizes the sale of stock for cash; striving to raise funds through financings with longer-term equity positions.
By the close of business Friday, management will retire at least 500 million shares from the issued and outstanding, and 200 million shares from the float in this initial round of final reductions.
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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Hollund Industrial Marine, Inc.
SOURCE Hollund Industrial Marine, Inc.
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