Hollund Industrial Marine, Inc. Announces Corporate Update to Shareholders

BRANSON, Mo., April 2, 2009 (GLOBE NEWSWIRE) -- Hollund Industrial Marine, Inc. (Other OTC:HIMR.PK - News), today announced the following corporate review.

To date, the Company has announced a total of $19.2 million in future sales of fourteen (14) TigerLynk Machines, backed by letters of intent from potential customers in underwater forest and other marine industries. Currently Hollund is in talks with one of its potential customers on a definitive agreement. If consummated, the agreement is expected to result in the Company receiving a purchase order for TigerLynk equipment. In addition, both parties are also discussing a potential technology licensing agreement for TigerLynk in certain commercial applications and geographic territories.

Hollund will issue a further news release in the event that the Company enters into a definitive agreement or in the event that these negotiations are terminated.

About Hollund Industrial Marine, Inc.

Incorporated in Washington, Hollund Industrial Marine, Inc. (Other OTC:HIMR.PK - News) 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 http://www.HollundIndustrial.com. For more information on TigerLynk Technology and Equipment, visit http://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.

          Hollund Industrial Marine, Inc.
          Investor Relations
          Michael Lacy, CEO
          (417) 339-4553