*** HIHI NEWS OUT 1-3-2019 ***
Holiday Island Holdings Makes Agreement With a Private Investment Firm to Raise $5 - $20 Million Starting in 2019
HOLIDAY ISLAND (HIHI), Ark., Jan. 03, 2019 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc.(HIHI) - a development stage company operating in the land development sector of the market – announced today that it has reached an agreement in principle with a New Jersey-based private investment firm to provide the Company’s short- and long-term capital.
The investment group will provide monthly working capital by direct investments and long-term acquisition capital via limited registered offerings. The working capital was initiated in December 2018, and it is expected to continue monthly in 2019 to keep the Company current with its legal, professional, and administrative operating obligations.
Long-term capital is planned to be raised in multi-transactions in estimated totals of $5 to $20 million beginning in the 2nd quarter of the new year.
Gene Thompson - CEO and Chief Strategist of Holiday Island Holdings(HIHI), said, “We are pleased to make this announcement, and take the next steps to putting high yield commercial income producing real estate on the books this year and accumulate meaningful earnings in years to come.
“The Company’s main goals for 2019 are to finalize a multi-million-dollar fund raise and become a significant player in local commercial and residential markets at Holiday Island(HIHI), Arkansas.”
Holiday Island Holdings, Inc. (HIHI) will keep both its shareholders and registered offerings 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.(HIHI) :
Holiday Island Holdings, Inc. (HIHI) 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(HIHI), 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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