BLAINE, WA, Dec 6, 2013 - Hollund Industrial Marine, Inc. (OTC Pink: HIMR) ("Hollund" or the "Company") (www.hollundindustrial.com), an underwater forest management company, announced yesterday, Thursday, December 5, 2013, the Company secured upwards of $1,000,000 in purchase orders for its underwater harvested tropical hardwoods. North Cal Wood Products of Ukiah, CA ("North Cal") is amongst the companies placing purchase orders contributing to some of the Company's first anticipated sales in addition to those being secured or procured by our senior partner at Lake Bayano.
Purchase orders of Ipe, Cumaru, Tigerwood, and Balsamo from North Cal, coincide with the planned start up of underwater timber recovery operations at Panama's Bayano Lake in January of 2014. Hollund reports North Cal Wood Products has requested wood samples to distribute to high profile clients in the San Francisco Bay area. The Company expects to begin fulfillment of North Cal's order in Q1 of 2014.
"We are delighted by North Cal's commitment to creating a sales and distribution network for our Bayano Lake hardwoods," stated Peter Meier, President of Hollund. "As a strategic partner, North Cal Wood Products will enable us to penetrate lucrative green building markets in the United States, where North Cal has built relationships with award-winning architects, designers, and builders across the country. We are eagerly looking forward to working closely with their management and sales staff to educate their clients on our product advantages and generate sales."
"North Cal Wood Products is proud to be a distributor for Hollund," stated Frank Van Vranken, President of North Cal. "Our confidence in the quality of underwater wood comes from our years of experience working with this unique material. While most of our competitors cut living trees from the forest, North Cal's core business is based on wood reclamation, recycling, and remanufacturing. The sales and management staff of North Cal recognize the value of the promotional tool being afforded to us by Hollund's underwater harvested hardwoods. We are truly excited to possess such a powerful marketing advantage and look forward to receiving shipment as quickly as possible."
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc. (OTC Pink: 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.