Holiday Island, Arkansas–(Newsfile Corp. – September 8, 2020) – Holiday Island Holdings, Inc. (OTC PINK: HIHID) a development stage company operating in the land development sector of the market – released the news today that it has received further acquisition funding commitments of $500,000 for Q4 2020 from its California-based private investment firm.
The commitment is scheduled to fund in October and November 2020 in two $250,000 tranches.
This is in addition to the $250,000 cash gift for 2020 and $500,000 for 2021 already committed from their investment banker, that the company plans on leaving on the balance sheet to enhance conventional and seller financing.
Gene Thompson – CEO and Chief Strategist of Holiday Island Holdings said, “We are very excited this additional funding commitment so we can step up our acquisitions of recreational and commercial real estate”.
The Company’s main goals are to finalize a multi-million dollar financing to acquire high yield commercial real estate in its target markets of Holiday Island, Arkansas, East Texas, Missouri, Oklahoma, and Louisiana in 2020 and 2021.
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.
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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.
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