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On-Time-Picks ^OTPicks.com HIMR Hello All And Welcome New Members, HIMR On Your Radar Now! Make sure you put HIMR on your radar for tomorrow, begin your research and get ready for what could be a monster day ! 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.
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. (: ) 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.” PUT HIMR ON YOUR RADAR RIGHT NOW! Make sure HIMR is on your radar right now! Happy Trading Happy Trading www.OTPicks.com is not a licensed financial advisor. This is a paid advertisement. PLEASE READ THIS DISCLAIMER IN FULL www. Otpicks.com does its best to bring you accurate information but errors may and sometimes do occur. Because these are paid advertisements we only focus on the positive aspects of each company or it’s stock. Please make sure you do your own research so you have all the facts. www.
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