HOLIDAY ISLAND, Ark., Jan. 03, 2018 (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 Medical Clinic II is rescheduled to open in the 1st Quarter of 2018.
Medical Clinic II is one of only two clinics located at the Holiday Island Shopping Center serving the Holiday Island Community and the nearby area. It is adjacent to the medical clinic compound consisting of Medical Clinic I and the Heliport. The two clinics and the heliport consist of 3 acres in the middle of the shopping center, and the clinics have 620 feet of frontage along Arkansas Scenic Highway 23.
It was recently announced that a nearby hospital has made an arrangement with the Clinic II property owner to lease the space for 5 years at $4,000 per month. At an estimated annual net income of $40,000 and an acquisition cost of $500,000, the clinic would generate an annual return of 8 + %.
Previously, we announced that the clinic was expected to open in November providing general medical services to Holiday Island and the nearby area. But, delays occurred, and we now expect it open in the early 1st Quarter of 2018.
Gene Thompson - CEO and chief strategist of Holiday Island Holdings said, “We are pleased to make this announcement as it will bring further and much needed medical services to Holiday Island and the nearby communities. Their presence greatly expands the health and medical services for the whole area. This is a real plus for our rural community and large number of retirees.”
“This development adds to the strength of our plans to dominate the local medical services with the planned acquisition of Medical Clinic I, Medical Clinic II, and the Heliport in stages for a total acquisition cost of $1.5 million and projected annual net income of $140,000.”
The Company is in the process of trying to raise equity capital to realize its acquisition plans of commercial income producing real estate located in the Holiday Island Shopping Center with the assistance of an Atlanta-based private investment firm.
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: sgenethompson@gmail.com
Website: www.holidayislandholdings.com