SOURCE: Holiday Island Holdings, Inc.

June 13, 2016 08:00 ET

Holiday Island Holdings Announces Progress in Authorized Share Reduction

HOLIDAY ISLAND, AR--(Marketwired - Jun 13, 2016) - Holiday Island Holdings, Inc. (OTC PINK: HIHI), a development stage company operating in the land development business, announced today that the company is making progress in reducing its stock authorization from 12 Billion to 6 Billion.

CEO, Gene Thompson, said, "We are pleased to announce that we have completed the paperwork to be submitted to the State of Delaware to reduce the Company's authorized shares, as recently publicly announced. And, the required authorized decrease documents are under review or the Company's securities counsel. We expect the reduction will be effective within the next 30 days."

Thompson further stated, "Again, we believe cutting the authorized in half will have a positive effect on the company's ability to realize its near and long financial goals, and it is a major step in the recapitalization of the company in the best interest of existing and future shareholders by driving 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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