Holiday Island Holdings, Inc. (HIHI: OTC Pink Current) | Holiday Island Holdings, Inc. Addresses Previous Merger Negotiations and Announcement of the Cap Table Reorganization

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Holiday Island Holdings, Inc. Addresses Previous Merger Negotiations and Announcement of the Cap Table Reorganization

Aug 12, 2016

OTC Disclosure News Service

Holiday Island, AR

Holiday Island Holdings, Inc. Addresses Previous
Merger Negotiations and Announcement of the Cap Table Reorganization

 

Holiday Island, Arkansas
August 12, 2016.   Holiday Island
Holdings, Inc.  (OTCPink: HIHI)
, a
development stage company operating in the land development sector of the
market would like to address a previous announcement made on June 10, 2016
regarding merger negotiations with a Texas-based commercial real estate
company.  Holiday Island Holdings, Inc.
has decided not to move forward with the merger as the terms and conditions of
the proposed merger evolved to not be in the best interest of the Company, or
its shareholders. 

 

On a positive note, in an effort to keep the Company
moving forward with its business plan, Holiday Island Holdings, Inc. has
entered into a formal agreement with a California-based private investment
consulting firm that has already provided HIHI with some short-term
capital needs, and the firm is in the process of helping the Company reorganize
the cap table to make it more attractive to both current shareholders and new
investors.

 

Gene Thompson, the CEO and chief visionary behind
HIHI states, “Holiday Island Holdings, Inc. is a publicly traded company, and
we have shareholders to answer to which means that we must do what is in the
best interest of those shareholders.  As
the CEO of the Company, the majority of that fiduciary duty falls on me, so I felt,
along with the Board, Board Advisors, and certain major shareholders, it
imperative to cancel the previous merger, and do what we know is best for the
Company and its shareholders; and, I firmly believe that by restructuring our
cap table and getting some additional market maker involvement, it will create
enormous near and long-term value for all of our shareholders.”

 

Holiday Island Holdings, Inc. will keep both its
shareholders and public completely informed of the entire process as the
details continue to unfold.  Be sure to
watch out for regular press releases about the Company’s progress and the
status of the cap table restructuring. 
For additional information, please visit the Company’s website at
www.holidayislandholdings.com.

 

 

About Holiday Island
Holdings, Inc. (OTCPink: HIHI)
:

 

Holiday Island Holdings,
Inc. is operating its core business in land development in a continued effort
to become the exclusive developer of Holiday Island, Arkansas.
This development includes an existing 35-acre shopping center and over 1,000
acres of multi-acre parcels. 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 dominate the local retail, commercial, and residential markets.

 

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.

 

 

IR Contact:  

 

UPTICK Newswire, LLC

Brittney Lewellen

Phone: (602) 441-3474

Email: blewellen@upticknewswire.com

Website: www.upticknewswire.com

 

 

HIHI Contact:

 

Gene
Thompson, CEO

Phone: (479) 244-6047

Email: sgenethompson@gmail.com

Website: www.holidayislandholdings.com

 

 

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