"Today there are an estimated 300 million trees that are flooded in dam reservoirs around the world. Below the water the trees are no longer living, yet they remain preserved and viable for a variety of uses. It makes economic and environmental sense to use those trees instead of cutting down living trees"; Mr. Lacy told the group of investors.
He added, "Cutting trees under water on a commercial scale has challenged forest companies for years. Diver-based logging methods have proven to be inefficient and dangerous. TigerLynk was specifically designed for this unique application and the technology is proven on a smaller scale. The next-generation of TigerLynk underwater logging equipment will evolve the product from prototype to commercial model for our exciting entry into this lucrative 'green' market."
The company announced that Mr. Lacy plans to make further presentations in other financial centers in the US. "I look forward to sharing our unique story and our innovative solution to underwater logging with investors across the country", said Mr. Lacy.
Hollund Industrial Marine, Inc. (Pink Sheets: HIMR) (www.HollundIndustrial.com) is focused on commercializing patented TigerLynk technology (www.TigerLynk.com) for the underwater logging industry. TigerLynk is a heavy machine system that utilizes a vessel-mounted robotic arm with vision enhancement systems to remotely locate, cut, and retrieve timber from a variety of underwater sources. The TigerLynk concept has been proven safe and efficient in commercial application.
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.