Hollund Industrial, Inc. Announces Update on Potential Material Acquisition

Hollund Industrial, Inc. (PINKSHEETS: HLLD) announced today that it is in the advanced stages of negotiations regarding a potential material acquisition and related financing. The transaction, if consummated, is anticipated to result in Hollund generating potential revenues during the fiscal year of 2008. There can be no assurance that the transaction will be entered into or consummated.

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

About Hollund Industrial, Inc.

Incorporated in Washington, Hollund Industrial, Inc. (PINKSHEETS: HLLD) is a development-stage industrial technology company focused on acquiring applied technologies for energy, construction, forestry, mining, and other sectors. The Company was formed to capitalize on growing demand for technologically advanced heavy equipment solutions and infrastructure related project services worldwide.

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.

CONTACT: For investor relations Karolina Czajka 866-840-7219