Hollund Industrial Marine to Begin Operations as Final Environmental Permit Is Approved
20 Février 2014 - 3:07PM
Marketwired
Hollund Industrial Marine to Begin Operations as Final
Environmental Permit Is Approved
Administrative Delays Resolved; ANAM Authorizes Remaining
Permit
BLAINE, WA--(Marketwired - Feb 20, 2014) - Hollund Industrial
Marine, Inc. (PINKSHEETS: HIMR) ("Hollund" or the "Company") an
underwater forest management company, announced today that ANAM
(Autoridad Nacional del Ambiente) has granted the remaining
necessary permits, allowing for Bayano Lake Wood Products (BLWP),
Hollund's Panamanian partnership with B&B Madera, to officially
begin logging operations at Bayano Lake.
"Receipt of these permits is a major milestone that represents a
huge step in the evolution and growth of Hollund," stated Peter
Meier, President of HIMR. "All the preparation and diligence
conducted by our team during the past year has set the stage for
the implementation of both our short and long-term plan to build a
successful forest management company."
Mr. Meier continued, "Having now overcome these administrative
delays, we are eager to finally get to work in Panama, and, to
witness the first logs arriving at our landing site."
Formal receipt of these permits enables BLWP to commence
underwater timber recovery at the Bayano Lake Timber Project.
Hollund's senior partner is now engaging full-scale operations on
the lake.
Mr. Meier concluded, "We look forward to sharing with all of
you, this monumental event."
About Bayano Lake Project
The Bayano Lake Project is situated in the Bayano Reservoir in
the Darién Province, covering approximately 1000-hectares of
densely inundated rainforest. The timber has been standing
submerged since 1976 when the Bayano Dam was first built and the
area was flooded. The term of the concession permit is for five
years, with renewal options. The goal of forest harvest activities
is the removal of accessible timber in BLWP's permitted areas, for
the primary purpose of selling or processing forest products.
About Hollund Industrial Marine, Inc.
Headquartered in Blaine, WA, Hollund Industrial Marine Inc.
(PINKSHEETS: 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.
For investor relations, Hollund Industrial Marine, Inc. Email
Contact (707) 659-6631
Hollund Industrial Marine (CE) (USOTC:HIMR)
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