SOURCE: Holiday Island Holdings, Inc.

June 10, 2016 08:00 ET

Holiday Island Holdings Announces Merger Negotiation

HOLIDAY ISLAND, AR--(Marketwired - Jun 10, 2016) - Holiday Island Holdings, Inc. (OTC PINK: HIHI), a development stage company operating in the land development business, announced today that the company is in merger negotiations with a major Texas-based privately held commercial real estate company.

Gene Thompson, CEO, stated, "We have been in negotiations for several weeks now. Currently, we are exchanging due diligence, and we hope to close a merger in the next 45 days."

Further Thompson stated, "We are extremely pleased to make this announcement as it has a potentially huge immediate and on-going positive effect on the Company's financial condition, and it is another big step we are attempting to take to improve and sustain stock liquidity and shareholder value."

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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