They plan to advance thier stock listing from theHollund Industrial Marine Inc. Announces Corporate Update On Mandatory Share Certificate Exchange
2008-08-25 09:45 ET - News Release
BRANSON, Mo., Aug. 25, 2008 (GLOBE NEWSWIRE) -- The mandatory share certificate exchange for Hollund Industrial Marine Inc., formerly Hollund Industrial, Inc. (Pink Sheets:HIMR) is progressing smoothly.
Certificates representing 238,345,934 Common shares, roughly 90% of the issued and outstanding shares have already been received and processed by Hollund's transfer agent, Transfer Online, Inc.
Hollund instituted the mandatory certificate exchange as it changed its name from Hollund Industrial, Inc. with the CUSIP number 435727102 to Hollund Industrial Marine Inc. with the CUSIP number 435730106 and trading symbol to HIMR on August 18, 2008.
"The name change is one of many positive steps forward in our growth as an industrial marine equipment and services company," explained Michael Lacy, president and chief executive officer of Hollund. "Phase I commercialization of the TigerLynk AR-120 'Alpha System' is progressing as planned. Additionally, we've been executing our strategic plan to advance our stock listing from the pink sheets to the OTC Bulletin Board. These actions reflect our commitment to enhancing shareholder value and they bring us closer to achieving market success with TigerLynk."