BLAINE, Wash., Sept. 25, 2012 /PRNewswire/ -- Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company") announced today that the Company anticipates exceeding its share retirement plans with management's next share reduction – expected to put the total retired shares from the company's issued and outstanding to about 4 Billion common shares.
"Given our year end goal to reduce the issued and outstanding share count by 3.5 Billion, having already retired over 2.5 Billion common shares to date, places us very close to exceeding our year end goal almost one quarter early," stated Peter Meier, President of Hollund. "With our shareholder conference call scheduled for week's end, we expect this accomplishment to be just one of a couple exciting surprises."
To date, Hollund's management has successfully retired approximately 30% of its original issued and outstanding shares. Management has indicated that the company's motivation to this regard rests in anticipated opportunities. Executives suggest such events may positively evolve the company, "strengthening the core of our value," continued Meier. "Be it in our reporting status, attained assets, projected revenues or exhilarated growth propositions, having a much tighter cap structure, without the undue use of a reverse split, we believe is best for all shareholders; and that is who we ultimately work for."
Hollund has officially scheduled the first annual shareholder conference call for Friday September 28, 2012 at 2 PM EST. Shareholders located in the United States who wish to participate in the call should dial in toll free at 877-407-8031. For international shareholders, please dial 201-689-8031. The Company will also have a live webcast of the conference available at http://www.investorcalendar.com/IC/CEPage.asp?ID=169759.
Meier concluded, "We are extremely excited about this shareholder conference call as it shall mark the beginning times for what we believe will become hallmark events for Hollund Industrial. In attempting to meet our year end goal early, this is just one accomplishment we'd like to deliver to shareholders; an evolved reporting status, revenues, growth potential and confidence, are just a few others we'd soon anticipate checking off the list."
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.
For investor relations, Hollund Industrial Marine, Inc. email@example.com
SOURCE Hollund Industrial Marine, Inc.