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Hollund Announces Results of Timber Survey at Bayano Lake Project; Company Awaits Next Phase of Operations to Commence
Hollund Announces Results of Timber Survey at Bayano Lake Project; Company Awaits Next Phase of Operations to Commence.
About this update from Hollund Industrial Marine Inc
[{"type":"text","content":"\n \n \n Hollund Announces Results of Timber Survey at Bayano Lake Project; Company Awaits Next Phase of Operations to Commence\n \n \nHollund Announces Results of Timber Survey at Bayano Lake Project; Company Awaits Next Phase of Operations to Commence\n \n BLAINE, WA--(Marketwired - May 13, 2014) - Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) (\"Hollund\" or the \"Company\") an underwater forest management company, announced today the positive results from the Bayano Reservoir timber survey, performed by Bayano Lake Wood Products.\n \"The timber is abundant and the quality of the wood is excellent,\" said Peter Meier, President of Hollund. \"Over 20 marketable tropical wood species have been identified. Of all the timber in the Bayano reservoir, one third of the timber is comprised of rarer valuable hardwoods, such as Cocobolo or Rosewood. The other two thirds are comprised of softwoods, such as Espave. We look forward to reclaiming these woods -- making them available to customers eagerly awaiting delivery.\" \n Hollund's Senior Project Manager reported that a full timber harvest will commence upon the concession holder receiving the formal 'on-site' permit. No time table has been provided to the Company regarding the issuance of the on-site permit. In the interim, management indicated that the Company will remain keenly focused on refining the logistics and supply chain in preparation of launching full-scale operations, and, on project developments where there are numerous opportunities to expand the business globally.\n Sheldon Romain, Vice President of Hollund said, \"It is important to note that removing timber from the Bayano Reservoir is part of a broader plan by the local community to develop tilapia fish farms on the cleared areas. Historically, the submerged timber has hindered this progress. We further aim to introduce underwater forest technology to dramatically speed up our recovery process and expedite the start-up of an aquaculture industry that will provide additional sources of revenue and food that will better sustain the local community.\"\n Mr. Meier concluded, \"A growing food supply and employment base are critical to the economy and security of this region and the country. We at Hollund remain committed to the Bayano project due to the many benefits it will provide the region, including enhancing n...