$HIHI Announces Liquor License Open Date Set for Its Restaurant Acquisition Target
Jan 09, 2018
OTC Disclosure & News Service
HOLIDAY ISLAND, Ark., Jan. 09, 2018 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc. (OTCPink:HIHI) – a development stage company operating in the land development sector of the market – announces that the Beer and Wine license it applied for in December, 2017 on behalf of its Holiday Island Restaurant Acquisition target, the El Mariachi Mexican Restaurant, was approved.
The State of Arkansas schedules the restaurant liquor license to be activated on January 18, 2018 which is right on target from its previous announcement in December, 2017. The sale of beer and wine will drive up gross and net sales which will improve the annual return from 13% to above 15%, making the acquisition pursuit by Holiday Island Holdings even more attractive.
Holiday Island Holdings, Inc. will keep both its shareholders and public completely informed of the entire process as the details continue to develop. The Company’s main goals for 2018 are to finalize a multi-million-dollar fund raise and become a dominant player in local commercial and residential markets at Holiday Island, Arkansas.
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 become a significant player in the local retail, commercial, and residential markets.