*************$10M SHOPPING CENTER DEAL PENDING*******************
THAT'S THE WHOLE POINT OF THE SHARE RETURN TO GET FUNDING.
As the funding occurs, the Company will move on with its plans to upgrade to SEC fully reporting company, and start real estate acquisition, development, marketing, and resell, all located at Holiday Island, Arkansas. As of this filling, the Company has become allowed to acquire its shopping center target located at Holiday Island, Arkansas in pieces, rather than in the whole. This is advantageous as the best financially performing shopping center properties can be picked off first for the highest return to the Company. Currently, the Company, with the assistance of its financial advisors, have a financing offer circulating in the financial community to fund the purchase of the shopping center’s super market, Sunfest Market. Sunfest carries a triple net lease with a net income of $100,000 per year. At an 8 % capitalization rate, the value of Sunfest is $ 1, 200,000. We are hopeful to secure an approval and funding in the early 2nd quarter of this year. When this transaction is complete, the Company will continue its efforts to secure funding and purchase the entire shopping center, valued at $ 10,000,000. A full, or significant portion, acquisition of the shopping center would give the Company the ability to dominate the local retail and commercial business. The Holiday Island shopping center is the newest and largest in the area with a consumer base over over 35,000.
The real estate to be acquired includes the newest and largest shopping center in the area, multi-acre parcels strategically located for a variety of residential and commercial uses, and the single largest selection of building sites in the area, all complete with full infrastructure. Post acquisition, our strategic plan is to take the existing (Exclusive – with Developer rights) Developer’s place, and control the community’s further development, planning and zoning. Acquired as a whole, this is a rare opportunity to control the development of the fastest growing town in this part of Northwest Arkansas, and dominate the local retail, commercial, and residential markets. Growth and product demand is planned to be facilitated at an accelerated rate by Holiday Island’s proximity to booming Northwest Arkansas Metropolis, headquarters for industry leaders Wal-Mart, Tyson’s Food, J.B. Hunt Transportation, and the cultural/entertainment venues of nearby Crystal Bridges Art Museum, Eureka Springs, Branson, MO., and the University of Arkansas. The existing Developer and the recently elected new board of directors of Holiday Island Holdings, who have extensive developing, marketing and selling experience with planned communities, specifically including Holiday Island, are on board to develop and implement a comprehensive real estate-based strategic plan. In connection with the Company’s repurpose and specifically its agreement with HIDC, we pursued our near-term goals during the 1st Quarter of 2014 to: 1) upgrade from OTC Financial Reporting “Limited” to “Current”, 2) change our name and symbol to reflect our current pursuits in the real estate industry, and to ultimately 3) upgrade our trading position from the “OTC PINKS” to “OTC BB” as an SEC fully reporting company, and 4) raise capital through conventional financing and the future issuance of Company securities. Pursuant to our near and long-term plans, we accomplished the following during 2014: 1)upgraded our financial reporting status from Limited to Current on January 6, 2014, 2) changed the company name from VillageEDOCS, Inc. to Holiday Island Holdings, Inc. and symbol from VEDO to HIHI effective February 17, 2014, 3) reached a verbal agreement with the audit firm DKM – Certified Public Accountants, Clearwater, Florida in February of 2014 to audit the Company’s Financial Statements as a step toward upgrading to SEC fully reporting, 4) took many steps to position the Company to raise the near-term and long-term capital needed to accomplish our goals, including establishing a mutual interest with a top boutique Investment Relations firm, Carmel Advisors, San Diego, California, to create market awareness of our company, stock, and plans, resulting in a signed agreement on May 2, 2014, 5) a second agreement with Carmel was executed on September 20, 2014 increasing the compensatory common stock for their investor relations services, 6) started market awareness activities in August, 2014, 7) started a search for an Investment Banking firm to develop and execute its near and long term funding goals, 8) in the 2nd quarter started planning a debt to equity conversion, 9) changed stock transfer agents from Computershare to Pacific Stock Transfer Company. expecting to benefit from more and 12 faster attention to stock transfer-related activities, significantly reduced fees, better exposure in investment circles, and providing strategic advice 10) in November 2014, changed IR firms from Carmel to Innovative Business Alliance, LLC, San Diego, 11) started a new development and implementation of an investor awareness program to create shareholder value and stock liquidity, 12) started a restructure of the Company’s capitalization to significantly reduce its outstanding shares and share concentration in negotiations with the Company’s Affiliates (2) and majority shareholders to return a large block of their shares to the Treasury. At this filing, the Company and the Affiliates have executed an agreement to purchase 280,000,000 shares and return them to the Treasury, scheduled for May, 2015 under certain conditions to result in reducing the total outstanding shares from approximately 999,000,000 to 719,000,000. The Recap Agreement contains an Affiliate Lock Up and Leak Out clause restricting sales of their stock to 5 % of the prior quarter total shares traded. Management and outside advisors expect the recapitalization to have an immediate favorable effect on shareholder value and stock liquidity. In the meantime, the Company and IBA continues to step up its investor awareness program. During the first quarter of 2015, the Company hired a financial advisory group, and initiated its efforts to develop and implement capital raises in the form of, but not limited to private placement, convertible debentures, aged convertible notes, and conventional financing. The advisory group has assisted in the completion of the Company’s first aged note conversion in April, 2015. The purchaser has verbally committed to buy all of the Company’s aged debt totaling approximately $ 1.1 million. As the funding occurs, the Company will move on with its plans to upgrade to SEC fully reporting company, and start real estate acquisition, development, marketing, and resell, all located at Holiday Island, Arkansas. As of this filling, the Company has become allowed to acquire its shopping center target located at Holiday Island, Arkansas in pieces, rather than in the whole. This is advantageous as the best financially performing shopping center properties can be picked off first for the highest return to the Company. Currently, the Company, with the assistance of its financial advisors, have a financing offer circulating in the financial community to fund the purchase of the shopping center’s super market, Sunfest Market. Sunfest carries a triple net lease with a net income of $100,000 per year. At an 8 % capitalization rate, the value of Sunfest is $ 1, 200,000. We are hopeful to secure an approval and funding in the early 2nd quarter of this year. When this transaction is complete, the Company will continue its efforts to secure funding and purchase the entire shopping center, valued at $ 10,000,000. A full, or significant portion, acquisition of the shopping center would give the Company the ability to dominate the local retail and commercial business. The Holiday Island shopping center is the newest and largest in the area with a consumer base over over 35,000. B) Date and State (or Jurisdiction) of Incorporation: VillageEDOCS was incorporated in the State of Delaware in 1997 and has been in business since 1994. The Company’s name was changed to Holiday Island Holdings, Inc. as of February 17, 2014. C) the issuer’s primary and secondary SIC Codes: 6550 Real Estate Development 13 D) the issuer’s fiscal year end date; December 31st E) principal products or services, and their markets; Description of business, Market Segment, and Industry Recreational Land / Planned Community Development, Marketing, and Sale of Commercial and Residential Properties, all located at Holiday Island, Arkansas.
Key Competitors
There are no other key competitors in the area. We will be the Exclusive Developer of the entire community with distinct and perpetual rights, including planning and zoning. Method of Producing Products and Services Products will be produced with the acquisition and further development of the commercial and residential properties including, but not limited to: 1) Multi-acre Parcels - Fully developed infrastructure multi-acre wooded parcels strategically located for commercial and residential uses, including: > Restaurants > Hotel/Motel > Hospitality Facilities / Services > Entertainment Facilities > Single Family Homes > Condominiums > Timeshare Complex 2) Shopping Center - The "Park" Shopping Center is the newest and largest shopping center in the area. The Park has approximately 128,000 square feet of spaces under lease with a 95 % occupancy, over 50 retail, professional, services, and medical tenants supported by a customer base of about 30,000 consumers within a 20 mile radius. Currently, gross lease income is ~ $ 671,000, net income of ~ $ 561,000, and a net operating income of 84 %. Gross and net income have a high upside as rents have not been significantly increased since inception by design to establish a tenant and services base. 3) Building Sites - Holiday Island has the largest single selection of building sites (fully developed lots - water, sewer, roads) in the area. These building sites are classified as follows: 1. Bluff Lots - Upgraded home sites - Exclusive neighborhood across from Holiday Island's main entrance with stunning views of the Ozark Mountains. These are large flat lots with all underground utilities, curbed asphalt streets, privacy fence, sidewalks and street lights, and one entrance and exit. 2. Island Lots - Upgraded homes sites - Lots on the "Island" - a 450 acre tract carved around the southern tip of Table Rock Lake. These lots have beautiful views of the lake and surrounding Ozark Mountains. 3. Golf Lots - Upgraded home sites - These home sites offer incredible views of the 18-hole championship golf course and fronts onto fairways. 4. Vista View Lots - Upgraded home sites - These home sites offer inspiring vistas from mid-hill to hilltops. 14 5. Water View Lots - Upgraded home sites - many lots have distant lake views of Table Rock Lake or the nearby Leatherwood Lake. 6. Cabin Lots - Entry-level home sites - Cabin lots are available for all sizes and tastes, from small, quaint "get-away-from-it-all" cabins, to the cabin showplace of your dreams. Marketing We will employ a variety of industry standard marketing including, but not limited to: direct mail, email campaigns, social media programs, TV, radio, weekend conferences/get-a-ways, signage, and word-ofmouth. Our initial target market is Northwest Arkansas Metro, with a half million of prospective qualified buyers now, estimated to grow to one million in the next five to ten years. NW Arkansas is 30 miles from Holiday Island. Our growth and product demand will continue to be fueled by proximity to NWA. NWA growth and affluence is created and accelerated by the global corporate giants headquartered there, including Wal-Mart, Tyson Foods, J.B. Hunt Transportation, and the cultural / tourism of nearby Crystal Bridges Art Museum (Alice Walton – one of the top richest women in the world), Eureka Springs, AR, Branson, MO, and the University of Arkansas. Holiday Island sits between two National Forests in the Ozarks Mountains on a 53000 acre federal lake, Table Rock Lake. We plan to make Holiday Island the playground for affluent NWA residents, promoting it as a perfect place for a 2nd home, weekend get-a-way, vacation destination, retirement home.
We will also target the 10,000 / day baby boomers looking to retire in the sunbelt, along with the 10 million visitors in our area annually. Our Marketing Stage will begin upon the Acquisition of the first property, and it will continue in single transactions as other properties (Commercial and Residential) are acquired. Acquired as a whole, we will control the development of the entire town, and dominate the local retail, commercial, and residential markets. Intellectual Property Our greatest intellectual property is our management team, with combined over 100 years of industry experience, including specific knowledge and experience at Holiday Island in all aspects of its operation, including development, marketing and selling, and the influence and relationship with the local government (Arkansas - Suburban Improvement District). 7) Describe the Issuer’s Facilities Our new office address is at the following address: Address: 3 Parkwood Drive, Suite C, Holiday Island, AR 72631.