BLAINE, WA — (Marketwire) — 03/07/12 — Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) (“Hollund” or the “Company”) announces the appointment of a new Director and the following changes to the management team.
Hollund is pleased to announce that Peter Meier has been named President. He has also been appointed to the Board of Directors of the Company. Mr. Meier has an extensive background in the public market, and brings over 20 years of Forest Industry experience to the position.
Hollund is further pleased to announce that Sheldon Romain has been named Vice President. Mr. Romain will continue to serve on the Board of Directors.
The Company also reports that Michael Lacy and Frank Van Vranken are stepping down from the management team.
Hollund–s new management team will focus on its core business of underwater forest project development and sales.
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) is focused on sales and project development opportunities in the global underwater forest sector. These projects involve removing forests flooded by dam reservoirs in a safe, economical and eco-sensitive manner. Hollund–s green business model promises to deliver valuable economic development opportunities to reservoir-impacted communities worldwide.
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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