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
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
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
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.
SOURCE Hollund Industrial Marine, Inc.
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