Holiday Island, Arkansas--(Newsfile Corp. - September 30, 2020) - Holiday Island Holdings, Inc. (OTC Pink: HIHI) - operating in the recreational and remote living real estate market - released the news today that it is in the discussion and due diligence phase of several Recreational/Resort/Residential properties all located in North, Central, and East Texas consistent with its current real estate acquisition and investment strategy.
Texas is the home to 49 Fortune 500 companies including Exxon Mobile, AT&T, Sysco, American Airlines, Toyotas, BAE Systems, Siemens, Shell Oil Company, and 2.4 million small businesses, according to the Texas Economic Development Corporation. Major companies such as Telsa, Charles Swab and many others continue to grow and moving to Texas, making this a hot spot for real estate investments, and bringing value to shareholders.
Gene Thompson - CEO and Chief Strategist of Holiday Island Holdings said, "We have now identified and are now discussing numerous opportunities in Texas for acquisition or investment. Our next phase is to conduct preliminary due diligence on those prospects we deem worth pursuing. We will simultaneously define terms of a possible investment, and likewise begin the process of accessing suitable financing. We expect that by year end we will be moving forward on a couple of investment possibilities."
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."
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.
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