Holiday Island Holdings, Inc. Is Negotiating a Second Potential Acquisition of a Significant RV & Cabin Park Located near a M...
28 Oktober 2020 - 1:40PM
InvestorsHub NewsWire
Holiday Island Holdings, Inc. Is
Negotiating a Second Potential Acquisition of a Significant RV
& Cabin Park Located near a Major Louisiana Metro Area
Holiday Island, AR -- October 28, 2020 -- InvestorsHub NewsWire
-- Holiday Island Holdings, Inc. (OTC
Pink: HIHI) - operating in the recreational and remote living
real estate market - released the news today that it is negotiating
a potential acquisition of a second highly recognized large RV
& Cabin Park with substantial amenities near a major Louisiana
Metro Area.
The Company has appointed the Lantana Capital Advisors - a real
estate consulting firm - to assist in the negotiation of the
acquisition of the property as its binding Agent. The acquisition
is pending completion of the due diligence, financing, and
verification of the park's EBITDA.
Gene Thompson - CEO and Chief Strategist of Holiday Island
Holdings - said, "We are excited about reaching this phase on this
second park with the expectation of closing them by
mid-December."
He further stated: "Our primary focus is to locate opportunities
that are now operating in an earnings mode, which may be
underperforming, and therefore undervalued. Our management team is
experienced in locating, acquiring, enhancing and remediating these
situations, and they expect to increase their profitability
accordingly. While we are seeking existing operational properties,
we will also consider those that have physical facilities in place,
but are not currently operational, and in fact, we are sharply
focused on two of those prospects at this time. We will keep you
apprised of our progress."
We are also seeking suitable funding to become a significant
player in our chosen geographic real estate segments. 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: sgthompson@holidayislandholdings.com
Website: www.holidayislandholdings.com
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