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HIMR recently announced that the Company is positioned with an ample wood inventory that allows it to begin satisfying existing purchase orders for underwater timber recovered from the Bayano reservoir.
—————————————————————– Hot Stock to Watch —————————————————————– Company: Hollund Industrial Marine, Inc. (Pink Sheets: HIMR) Last:
Price: 0.028 Change (%): – 0.007 (20.00) Volume: 54,070 http://app.getresponse.com/click.htmlx=a62b&lc=Vc57P&mc=Bo&s=V2HFR&u=BEqW&y=Y& Bayano Lake Wood Products began harvesting operations shortly after receiving the authorization to begin bringing trees to shore. With this, Hollund began undergoing several important adjustments in support of an improved market position and anticipated growth. With orders for various wood species in the pipeline, management anticipates recognizing revenue.
“It has been a long time coming, but I am happy to say that we are finally in a position to begin distributing underwater timber harvested from the Bayano project,” said Peter Meier, President of Hollund.” Hollund is now much better positioned to execute their strategic business plan, focused on the recovery, sales and distribution of underwater wood. Going forward, management will be able to deploy a more streamlined business model as the new Hollund progresses in the area of fully integrated aquatic resource operations.
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 based communities.
HIMR recently reported that Bayano Lake Wood Products Corp.
(“BLWP“), a Panamanian company formed between Hollund and B&B Madera (“Senior Partner”), has been officially cleared to begin full scale underwater timber harvesting operations on the Bayano Reservoir effective immediately.
“It has been a sometimes frustrating but necessary journey in order for us to realize this major milestone,” said Peter Meier, President of Hollund. “I am excited to say that we stayed with it and can finally look forward to seeing the crews on the lake harvesting and landing timber.” “We remained positive and focused while we waited for the permitting process to resolve,” Mr. Meier went on to explain.
“The extra time gave us an opportunity to work with our Senior Partner to improve on-site infrastructure, logistics, and forge new partnerships. We also began discussions with industry participants on implementing aquaculture operations as it relates to the Bayano Project.” Hollund officials say that the government issued permit allows for the project to farm tilapia, which first requires removal of the underwater forest. BLWP has been granted the exclusive timber recovery rights.
Meier concluded, “The local community wants to grow tilapia commercially for consumption and export, but the timber standing in the reservoir, literally, stands in the way of progress. We intend to go in and remove the submerged timber from our permitted area of the lake so that they can realize this important community goal. Further, while we remain fully committed to our core mission, in consultation with our Senior Partner, we are exploring aquaculture as a possible business opportunity. This could be a potential game changer, in terms of maximizing the long-term value and sustainability of our underwater timber projects, as well as enhancing our ability to secure financing.” —————————————————————– IMPORTANT DISCLAIMER – PLEASE READ THOROUGHLY —————————————————————– SmallCapVoice (SCV) is an electronic publication. Information sources for our profiles include, but are not limited to, online research, member suggestions, magazines, newspapers, analyst suggestions, publicly available material information provided by the profiled company, press releases and similar sources. This communication is not an offer to sell or a recommendation that you buy or sell any security. SCV holds no securities licenses and is not qualified to provide investment advice. We are compensated for these advertisements by the profiled companies.
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