Holiday Island, Arkansas, October 6, 2020 – – Holiday Island Holdings, Inc. (OTC PINK: HIHI) – operating in the recreational and remote living real estate market – released the news today that the Company’s real estate advisor in Houston has negotiated the possible purchase of an existing RV park and exotic animal safari park near the DFW MetroPlex in Texas.
Pending further due diligence and successful financial arrangements on behalf of HIHI, the purchase would acquire full control of a seven-year-old recreational facility that contains RV and cabin rental sites as well as a large herd of exotic animals from around the world. The park is comprised of about 80 acres, which includes a 20-acre lake suitable for fishing as well as kayaking, canoeing, and other non-motorized boating.
The park is currently profitable at its EBITDA measure and can be expanded as to additional rental capacity, which might include cabins, Tiny Homes, and RV’s for rent, as well as teepees for children’s usage.
It is intended to become part of a recreational and remote living system to be known as “Nova Park Communities”, with an emphasis on acquisitions in Texas, Arkansas, Oklahoma, Louisiana, and Missouri. Later expansion into other states will be considered.
The acquisition contemplates financing of about $1.2 million which is underway at this writing.
Texas is the home to 49 Fortune 500 companies including Exxon Mobile, AT & T, Sysco, American Airlines, Toyotas, BAE Systems, Siemens, Shell Oil Company, and 2.4 million small businesses, according to the Texas Economic Development Corporation. Major companies such as Tesla, Charles Swab, and many others continue to grow and moving to Texas, making this a hot spot for real estate investments, and bringing value to shareholders.
Gene Thompson – CEO and Chief Strategist of Holiday Island Holdings said, “We are pleased to disclose our further progress in this possible acquisition which now is in the due diligence and contract development stages, pending financing. We expect that by year-end we will be moving forward on a couple of investment possibilities.”
He further stated: “Our primary focus is to locate opportunities that are now operating in an earnings mode, which may be underperforming and therefore undervalued. Our management team is experienced in locating, acquiring, enhancing and remediating these situations, and they expect to increase their profitability accordingly. While we are seeking existing operational properties, we will also consider those that have physical facilities in place, but are not currently operational, and in fact, we are sharply focused on two of those prospects at this time. We will keep you apprised of our progress. We are currently evaluating numerous prospective recreational and remote-living opportunities, and we will report these to shareholders and the investment community as they materialize.”
Please watch for press releases about the Company’s progress. For additional information, please visit the Company’s website at www.holidayislandholdings.com.
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.
Gene Thompson, CEO & Chairman
Phone: (479) 244-6047