HOLIDAY ISLAND, Ark., Feb. 11, 2019 (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 executed an Option to Buy Agreement with the owner to buy an approximate 1.5-acre tract of land in the Park located in the Holiday Island Shopping Center.
The property is strategically located for a number of commercial and or residential developments. Nearby amenities include a Children’s Park, Recreational Pavilion, Veterans’ Memorial, and Amphitheatre. Also, Holiday Island’s new and exclusive Wolf Wellness Center and 24/7 Fitness center is just down the street.
Medical Clinics, 24/7 Air Evac, Wellness Center and 24/7 Fitness, Grocery Store, Hardware Store, Pharmacy, about 50 retail commerce businesses are within walking distance of the property.
One property utilization option being discussed is to develop a Tiny Home Community of say, 20 units, landscaped, and with a community garden. The Company is also in talks with nearby Tiny Home Community developer that is selling units from $35,000 and up.
The tract consists of approximately 2 acres, and it has frontage on Highway 23 – one of the State’s most heavily traveled Scenic Highways.
Acquisition funds are planned to be raised in an unregistered offering in the 1st quarter of this year.
Gene Thompson - CEO and Chief Strategist of Holiday Island Holdings said, “We are pleased to make this announcement, as it is our first opportunity to put a significant asset on the books. And, to be involved in the Tiny Home movement sweeping the country.
“The Company’s main goals for 2019 are to finalize a multi-million-dollar fund 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.
Forward-Looking Statements Disclaimer:
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 at www.sec.gov.
HIHI Contact:
Gene Thompson, CEO & Chairman
Phone: (479) 244-6047
Email: Gene@holidayislandholdings.com
Website: www.holidayislandholdings.com