Holiday Island, Arkansas, Oct. 31, 2022 (GLOBE NEWSWIRE) — Holiday Island Holdings, Inc. (OTC Pink: HIHI), working within the leisure and distant dwelling actual property markets and in different viable business initiatives within the geographic markets of Texas, Arkansas, Oklahoma, Missouri, and Louisiana, introduced at the moment that the Company has executed a Definitive Agreement to take part with an skilled operator in presently producing fields in East Texas and NW Louisiana.
HIHI has now accomplished its due diligence assessment of the manufacturing wells to extra precisely decide the potential manufacturing and month-to-month money move anticipated over the subsequent a number of years.
As a outcome, the month-to-month money influx – assuming no or minimal disruptions — is estimated to be substantial. Closing of the introduced transaction relies on the Company finalizing a convertible debt placement of $100,000 scheduled in late November 2022.
S. Gene Thompson, CEO and Director, stated: “This is a great development for the Company and its Shareholders, with the expectation of getting our first significant commercial income producing investment on the books shortly.
And, when the transaction completes, the Company adds another industry expert to its professional advisory team.”
Forward-Looking Statements Disclaimer:
This press launch comprises forward-looking statements inside the which means 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 circumstances, you may establish forward-looking statements by the next phrases: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the unfavourable of those phrases or different comparable terminology, though not all forward-looking statements comprise these phrases. Forward-looking statements usually are not a assure of future efficiency or outcomes and won’t essentially be correct indications of the instances at, or by, which such efficiency or outcomes will probably be achieved. Forward-looking statements are primarily based on data obtainable on the time the statements are made and contain identified and unknown dangers, uncertainty and different elements which will trigger our outcomes, ranges of exercise, efficiency or achievements to be materially completely different from the knowledge expressed or implied by the forward-looking statements on this press launch. This press launch needs to be thought-about in gentle of all filings of the Company which can be contained within 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
