Business
Hollund Industrial Marine Negotiates First Concession
Hollund Industrial Marine Negotiates First Concession.
About this update from Hollund Industrial Marine Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\nHollund Industrial Marine Negotiates First Concession\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nHollund Industrial Marine Negotiates First Concession\n\nSurveyors' Results Prove Targeted Latin American Concession to be Viable Opportunity\n\nPR Newswire\n\nBLAINE, Wash., May 6, 2013\n\n\n\n\n\n\n\nBLAINE, Wash., May 6, 2013 /PRNewswire/ -- Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) (\"Hollund\" or the \"Company\") announced today that the company has officially entered into negotiations with the appropriate authorities to secure HIMR's first commercial concession in Latin America.\n\n\n\"These negotiations mark the beginning of real revenue opportunities for HIMR,\" stated Peter Meier, President of Hollund. \"This is the closest we have been to securing a concession since adjusting our business model and we are confident, should negotiations conclude favorably, we may be entering into our first concession agreement.\"\n\n\nNegotiations commenced last week when the surveyor's report [on targeted lake – Latin America] revealed the lake as a viable source for underwater wood harvesting. Management indicates however that the volume of timber identified is rather low in relation to the production speed of the TigerLynk. This would suggest the estimated work time on the lake would be a much shorter duration than the 3 to 5 year concession the company would generally seek.\n\n\nMr. Meier continued, \"The efficiency of the TigerLynk transforms what would be a two year job for a team of divers into a roughly six month operation for HIMR. This affords us the ability to quickly harvest a concession, maximize capital resources and move to the next project. Also, given recent and promising efforts of our South American Project Development Team, we strongly believe we will begin the formal steps of securing a second concession before the close of the next quarter.\"\n\n\nManagement also indicated the estimated concession value, which would usually be derived based purely on volume, could be worth a great de...