HOLIDAY ISLAND, Ark., June 03, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Holiday Island Holdings, Inc. (OTC: HIHI) -- a development stage company operating in the land development sector of the market – released the news today that it has secured a commitment from a Miami-based Venture Capital Fund to provide the companies short funding and participate in the long term funding.
HIHI recently reached a deal in principle to provide its monthly working capital and to participate in its long term acquisition funding. The acquisition capital scheduled for 2019 and 2020 is ~ $ 4.6 million.
The Venture Capitalist Fund plans to participate with the company’s Atlanta-based Private Investment Firm to raise Acquisition Funds expected to begin in the 3rd quarter of this year.
Gene Thompson - CEO and Chief Strategist of Holiday Island Holdings said, "We are pleased to make this announcement that will keep the company operating on a current basis month-to-month. And, it is expected to strengthen and the raising of capital for the acquisition and further development of commercial real estate at Holiday Island."
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: sgthompson@holidayislandholdings.com
Website: www.holidayislandholdings.com