Holiday Island, Arkansas, October 28, 2020 – Holiday Island Holdings, Inc. (OTC PINK: HIHI) – operating in the recreational and remote living real estate market – released the news today that it is negotiating a potential acquisition of second highly recognized large RV & Cabin Park with substantial amenities near a major Louisiana Metro Area.
The Company has appointed the Lantana Capital Advisors – a real estate consulting firm – to assist in the negotiation of the acquisition of the property as its binding Agent. The acquisition is pending completion of the due diligence, financing, and verification of the park’s EBITDA.
Gene Thompson – CEO and Chief Strategist of Holiday Island Holdings said, “We are excited about reaching this phase on this second park with the expectation of closing them by mid-December.”
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 also seeking suitable funding to become a significant player in our chosen geographic real estate segments. 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.
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 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