HOLIDAY ISLAND, Ark., Aug. 22, 2017 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc. (OTCPink:HIHI) - a development stage company operating in the land development sector of the market – released the news today that it has negotiated a decrease from $ 200,000 to $ 160,000 on its restaurant acquisition target, and it will apply the balance of $40,000 to the purchase of additional Holiday Island Shopping Center real estate.
The Company and the exclusive developer of Holiday Island have worked together to enhance the use of acquisition proceeds by using the balance of the $200,000 raise, or $40,000, to purchase additional commercial property located at Holiday Island Shopping Center.
Gene Thompson - CEO of Holiday Island Holdings said, “This development will give the Company an advantage of putting more assets on the books for the same dollar raised. The $40,000 will likely be used to purchase prime land inside the shopping center, and later further develop it into income producing property.
The Company’s capital raise goals for 2017 are to realize a multi-million dollar raise, and become a significant player in local commercial and residential markets at Holiday Island, Arkansas.”
Holiday Island Holdings, Inc. will keep both its shareholders and public completely informed of the entire process as the details continue to develop. Please watch for regular press releases about the Company’s progress. For additional information, please visit the Company’s website at www.holidayislandholdings.com.
About Holiday Island Holdings, Inc. (OTCPink:HIHI):
Holiday Island Holdings, Inc. is operating its core business in land development in a continued effort to acquire and further develop income producing commercial and residential real estate located in Holiday Island, Arkansas. The company is in the process of further developing a town poised to become the largest community between Northwest Arkansas Metroplex and Branson, Missouri, and prosper in its participation in the local retail, commercial, and residential markets.
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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission atwww.sec.gov.
CONTACT: HIHI Contact: Gene Thompson, CEO & Chairman Phone: (479) 244-6047 Email: firstname.lastname@example.org Website: www.holidayislandholdings.com
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