HIHI HOLIDAY ISLAND, AR / ACCESSWIRE / May 20, 2015 / Holiday Island Holdings, Inc. (PINKSHEETS :HIHI), an emerging small cap company transitioning to a real estate development, management, and marketing firm, announced today it has a executed agreement with two major shareholders to purchase 280,000,000 shares and return them to the Company's treasury.
Yesterday, 130,000,000 shares have been received by the Company's transfer agent for treasury return processing. The balance of 150,000,000,000 shares are in the process of being returned to the transfer agent. All related documents have been executed by all parties to the agreement and accepted by the transfer agent. Management and outside Advisors expect the change in the Company's capitalization structure, reducing the outstanding shares from approximately 980 million to 700 million, will have an immediate and long term favorable effect on shareholder value and stock liquidity, positioning the Company to realize its near and long term capital raises
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