HOLIDAY ISLAND, Ark., Nov. 21, 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 is negotiating funding with a New York-based private equity firm.
The Company is talking with a New York-based private equity firm about initially providing up to $200,000 in equity funding to acquire its first commercial income producing real estate. The acquisition target is the only operating restaurant located in the Holiday Island Shopping Center.
As indicated in prior press releases, the $200,000 acquisition costs include $120,000 for the Mexican Restaurant that generates an annual ROI of 13.3%, and $80,000 in prime land in the shopping center that will be further developed into additional income producing properties.
Gene Thompson, CEO of Holiday Island Holdings said, “We are pleased to make this announcement as discussions progress. At this point, I can say that there is certainly a mutual interest, and hopefully an arrangement will be reached soon that would also be complementary to our other investment commitments.”
The Company’s main goals for 2017 are to finalize a multi-million dollar fund raise and become a dominant 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 the Northwest Arkansas Metroplex and Branson, Missouri, and become a dominate player 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