"What we are announcing today is a strategic focus that more aptly leverages the strengths of our technology and allocates the resources to provide the greatest value to our shareholders. Having completed a detailed review we believe that the Company has an historic opportunity with TigerLynk to emerge as the global leader in underwater forestry," said
Hollund Industrial Marine, Inc. (Pink Sheets: HIMR) (www.HollundIndustrial.com) is focused on developing patented TigerLynk technology (www.TigerLynk.com) for commercial applications in underwater logging. TigerLynk is a remote operated heavy machine that utilizes an industrial robot arm mounted on a vessel to safely and efficiently cut trees under water without diver assistance. TigerLynk underwater logging equipment has been tested and proven in commercial operations.
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.