BRANSON, Mo., Nov. 5, 2008 (GLOBE NEWSWIRE) -- Mr. Michael Lacy, CEO of Hollund Industrial Marine, Inc. (Pink Sheets:HIMR) has departed on a business trip in response to a request from a potential customer to conduct advanced discussions concerning TigerLynk technology. Executive level meetings have been arranged, following preliminary introductions regarding the TigerLynk AR-120 machine system.
"Our team has reported extremely positive responses to our ongoing presentations of the TigerLynk robotic system, which was developed and tested over several years. The request to elevate discussions, to include Mr. Lacy, is very significant," commented Dr. Claus Wagner-Bartak, Hollund vice president.
While in Canada, Mr. Lacy has scheduled meetings with the TigerLynk team in Kamloops, British Columbia to discuss strategic planning for the next phase of AR-120 commercialization. In addition, he has scheduled a number of interviews with potential candidates for key positions on the TigerLynk team.
About Hollund Industrial Marine Inc.
Incorporated in Washington, Hollund Industrial Marine Inc., formerly Hollund Industrial, Inc. (Pink Sheets:HIMR) is an industrial marine equipment and services company. Hollund Industrial Robotics Systems, Inc., a wholly owned subsidiary, has the exclusive patents to TigerLynk Technology. TigerLynk is an innovative Underwater Remote Manipulator System ("Machine") being developed by Hollund for offshore energy, marine construction, forestry, mining, and flood emergency response applications. For more information on Hollund, visit www.HollundIndustrial.com. For more information on TigerLynk Technology and Equipment, visit www.TigerLynk.com.
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.