HOLIDAY ISLAND, Ark., Feb. 05, 2018 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc. (OTCPink:HIHI) – a development stage company operating in the land development – released the news today that the new Wolf Wellness Center is now rescheduled to open this month.
The new center facility, owned by locals Sheila and Robert Wolf, will house the wellness services, activities, equipment, and the 24/7 fitness facilities, which for the past 3 years has been housed in two rented separate and smaller buildings.
Previously, we announced that the new center was expected to open by the end of 2017. Following materials delays and weather, the center owners are confident that the gym side will open in the next two weeks, and the therapy side around April, 2018.
The facility consists of 8,000 square feet under one roof on one (1) acre of land with frontage along Arkansas Scenic Highway 23. The project total investment is approximately $ .5 million, which is the single largest commercial facility investment in the Holiday Island Shopping Center in a while.
The equipment is state-of-the-art, high tech machines designed for low impact, high cardiovascular, and aerobic results. The equipment variety and the vast range of physical, occupational therapies, and wellness classes are expected to dominate and substantially increase Holiday Island and the local area participation/membership.
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 wellness and medical related 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 attractiveness 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 multi-million dollar 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 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 dominate 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