BRANSON, Mo., Oct. 8, 2008 (GLOBE NEWSWIRE) -- Hollund Industrial Marine, Inc., formerly Hollund Industrial, Inc. (Pink Sheets:HIMR), today announced the following corporate update.
Mandatory Share Certificate Exchange - The mandatory share certificate exchange announced on August 15th, 2008 was completed on October 2nd, 2008. Certificates representing 261,450,054 Common shares were received and processed by the Company's transfer agent, Transfer Online, Inc. Certificates representing 2,732,776 Common shares were not presented to the transfer agent for exchange by October 2, 2008. As a result, these shares have been declared null and void. The total number of issued and outstanding shares for Hollund now stands at 261,450,054 shares. The Company would like to thank all parties involved for their cooperation during the mandatory exchange.
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.