SOURCE: Holiday Island Holdings, Inc.

May 20, 2016 08:00 ET

Holiday Island Holdings Accepts Gary Tilden's Resignation

HOLIDAY ISLAND, AR--(Marketwired - May 20, 2016) -  Holiday Island Holdings, Inc. (OTC PINK: HIHI), a development stage company operating in the land development business, announced today that it accepted the resignation of Gary B. Tilden as COO and Director.

Mr. Tilden cited increasing workload with other business pursuits as the resignation reason, and his belief that it is in the best interest of the Company and the shareholders to step down. 

Gene Thompson, CEO & Chairman, stated, "We are in talks with a major commercial and residential real estate Texas-based developer/owner/operator that has vast real estate experience (since 1987), and we hope to have him on board next week. Accordingly, we expect to fill the vacant board seat and officer position shortly with this financial partner and, or his designee, that will bring substantial experience, knowledge, and resources to the Company."

Holiday Island Holdings, Inc. has the unique opportunity to acquire, further develop, market, and resell all of the real estate holdings of the exclusive developer of Holiday Island, Arkansas, and take his place with exclusive developer rights, including planning and zoning for the entire community, and the exclusive ability to expand the boundaries of Holiday Island.

Safe Harbor for Forward-Looking Statements
This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.

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