Holiday Island, Arkansas, Sept. 07, 2022 (GLOBE NEWSWIRE) — Holiday Island Holdings, Inc. (OTC Pink: HIHI) working within the leisure, distant residing actual property market and different business property within the geographic markets of Texas, Arkansas, Oklahoma, Missouri, and Louisiana, introduced right now that the Company has entered into an settlement to accumulate Oil & Gas Interest for $150,000 in money ($100,000) and inventory ($50,000).
The Seller is a extremely skilled oil and fuel operator and a soon-to-be HIHI shareholder. He has agreed to promote us his curiosity in sure wells situated in Northwest Louisiana and East Texas for $10O, 000 in money and $50,000 in HIHI widespread inventory.
These properties are estimated to generate $10,000 + per thirty days in money influx to HIHI for five years, or roughly $500,000 in complete. The deal is scheduled to shut on or earlier than September 30, 2022, topic to favorable due diligence.
The firm has a dedication from a significant shareholder and investor to offer the $100,000 in money for the deal.
S. Gene Thompson, CEO and Director, mentioned: “This is a superb achievement for the Company and its Shareholders, with the expectation of getting our first vital business revenue producing on the books shortly assuming favorable due diligence. And, if it makes, the corporate provides one other trade knowledgeable to its group.”
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,” “imagine,” “proceed,” “might,” “estimate,” “anticipate,” “intend,” “could,” “ongoing,” “plan,” “potential,” “predict,” “undertaking,” “ought to,” “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
