BRANSON, Mo., Aug. 15, 2008 (PRIME NEWSWIRE) -- Hollund Industrial, Inc. (Pink Sheets:HLLD), an industrial marine equipment and services company, announced today that the Company will require effective August 18, 2008 a mandatory share certificate exchange. This mandatory exchange is being done to ensure the security of all legitimate shareholders of the Company.
On July 15th, 2008, the Company changed its name from Hollund Industrial, Inc. to Hollund Industrial Marine Inc. The Company is hereby requiring that all persons in possession of stock certificates in the name of Hollund Industrial, Inc. with the CUSIP number 435727102, effective August 18, 2008 exchange those certificates for new certificates in the name of Hollund Industrial Marine Inc. with the CUSIP number 435730106.
This exchange will be a one-for-one with the stipulations that (a) the old stock certificates will be null and void beginning October 2, 2008, which is forty-five (45) days after August 18, 2008; and (b) physical exchange of the old stock certificates must be made exclusively by and through the Company's transfer agent, Transfer Online, Inc., 317 SW Alder Street, Second Floor, Portland, OR, 97204. Tel: (503) 227-2950; Fax: (503) 227-6874.
IMPORTANT NOTICE: This is a mandatory share exchange and the certificate(s) in your possession or shares held at your broker dealer MUST be exchanged no later than October 2, 2008. No new certificate(s) will be issued to a shareholder until the shareholder has surrendered the old stock certificate(s). Shares that are not presented to the Company's transfer agent, Transfer Online, Inc. for exchange by October 2, 2008 will be declared null and void.
STOCK CERTIFICATE EXCHANGE PROCEDURE FOR STOCKHOLDERS
Stockholders who have in their possession paper stock certificates should read and carefully complete the Letter of Transmittal, which will be available online at http://www.hollundindustrial.com/mandatoryexchange later today. This letter is also available by email: info@hollundindustrial.com, fax: (417) 339-4552, or mail by calling (417) 339-4553. The completed Letter of Transmittal along with the stock certificate(s) and a check made out to Transfer Online, Inc. in the amount of $20.00 per certificate requested, should be mailed or otherwise delivered to the Company's transfer agent, Transfer Online, Inc., 317 SW Alder Street, Second Floor, Portland, OR, 97204. The method of delivery is at stockholders' option and risk. If mailing, certified mail is suggested.
Stockholders who hold their shares in street name with a broker are urged to immediately confirm with their broker that the broker is including their name on the list of beneficial owners being submitted to the transfer agent. These stockholders will not be required to take any further action, unless their broker tells them otherwise. The Company urges stockholders to make all requests in writing to their broker and keep a record of all communication.
PROCEDURE FOR SHAREHOLDERS EXPERIENCING PROBLEMS WITH THEIR BROKERAGE RELATING TO HOLLUND STOCK
Shareholders are advised to have all Hollund-related communication with their brokers in writing. If shareholders experience problems with their brokerage related to Hollund stock, they should submit an explanation of the problem along with copies of their written correspondence regarding the matter to the Company by email: info@hollundindustrial.com, fax: (417) 339-4552, or mail: Hollund Industrial, Inc., 3000 Green Mountain Drive, Suite 107-413, Branson, MO, 65616. The Company can only attempt to assist those who provide copies of written correspondence.
CERTIFICATE EXCHANGE PROCEDURE FOR BROKERAGES
The Company advises broker dealers with customers that hold Hollund Industrial, Inc. with the CUSIP number 435727102, to promptly request from the Depository Trust Company (DTC) stock certificates representing the number of shares, which reflect their ownership position, and to submit the certificates along with the beneficial owner information, as described in the Letter of Transmittal. Broker dealers should contact DTC directly for instructions on withdrawing their position. The number of shares represented by the certificates and delivered to the transfer agent must match exactly the number of shares held by the beneficial owners.
PROCEDURE FOR BROKERAGES WHO HAVE QUESTIONS OR ARE EXPERIENCING PROBLEMS RELATING TO TRADING HOLLUND STOCK
Brokers are advised to submit in writing a detailed explanation of the problem or questions they have related to Hollund stock to the Company. The Company can only attempt to assist those who provide written correspondence.
About Hollund Industrial, Inc.
Incorporated in Washington, Hollund Industrial, Inc. (Pink Sheets:HLLD) 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 on Hollund, visit www.HollundIndustrial.com. For more on TigerLynk Machinery, 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.