Holiday Island Holdings, Inc. Acquires First Real Estate Revenue Producing Asset and Update on $50M Funding Strategy

Holiday Island, Arkansas--(Newsfile Corp. - September 22, 2020) - Holiday Island Holdings, Inc. (OTC PINK: HIHI) operating in the recreational and remote living real estate market - released the news today that it has purchased a house located on the main road in Holiday Island, Arkansas making it the first owned corporate office for the Company.

The residential property is the company's first income-producing asset, taking possession of the house/office/ property as of September 20, 2020, and it will be reflected in its financials as of the same date. The tenant is the company's Executive Assistant who will be performing administrative and financial services from the property.

Improvements will be made to the property's interior, exterior, and landscaping beginning immediately. Also, upgrades and additions to the Company's IT hardware and software will be made during Q4, 2020 and beyond.

Gene Thompson - CEO and Chief Strategist of Holiday Island Holdings said, "I am pleased to make this announcement particularly since it is our first acquisition of an income-producing asset, and it establishes our first ownership of a corporate office making our presence more permanent".

The funding strategy of 2020-2021 is to obtain as much as $50M to take a big share of the $40B Recreational Property Market.

"Our main goals for 2020 are to finalize suitable funding to become a big player in our chosen geographic area. We are currently evaluating numerous prospective recreational and remote-living opportunities, and we will report these to shareholders and the investment community as they materialize".

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.

Forward-Looking Statements Disclaimer:

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.

HIHI Contact:

Gene Thompson, CEO & Chairman
Phone: (479) 244-6047
Email: [email protected]
Website: www.holidayislandholdings.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64359