HOLIDAY ISLAND, Ark., Aug. 22, 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 has negotiated a decrease from $ 200,000 to $ 160,000 on its restaurant acquisition target, and it will apply the balance of $40,000 to the purchase of additional Holiday Island Shopping Center real estate.
The Company and the exclusive developer of Holiday Island have worked together to enhance the use of acquisition proceeds by using the balance of the $200,000 raise, or $40,000, to purchase additional commercial property located at Holiday Island Shopping Center.
Gene Thompson - CEO of Holiday Island Holdings said, “This development will give the Company an advantage of putting more assets on the books for the same dollar raised. The $40,000 will likely be used to purchase prime land inside the shopping center, and later further develop it into income producing property.
The Company’s capital raise goals for 2017 are to realize a multi-million dollar 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.
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