SOURCE: Holiday Island Holdings, Inc.

February 09, 2016 08:00 ET

Holiday Island Holdings New Management of $35M Project

HOLIDAY ISLAND, AR--(Marketwired - Feb 9, 2016) - Holiday Island Holdings, Inc. (OTC PINK: HIHI), a development stage company operating in the land development business to become a leading developer in this part of Northwest Arkansas, and the exclusive developer of Holiday Island, Arkansas, is pleased to announce that the Company has appointed its executive management team to deploy its first purchase and development project.

"This has been 2 years in the making, and it is a privilege to announce that we are now launching our program," stated Gene Thompson, CEO. Gene further stated, "Our newly appointed management are experts in the land development industry with decades of experience and knowledge to lead our company forward and build equity and value for all of our shareholders."

Thomas Dees has been appointed to the Advisory Board as one of the most highly recognized and successful planned community / resort developer and operators in the industry. After earning his master's degree, Mr. Dees pursued a career initially in education, eventually becoming the Vice President of Arkansas College (now Lyons College), then choosing to pursue a business career. During his 45-year career in the planned community development, Tom has been recognized throughout the industry for his marketing, sales, administrative, and development expertise. Mr. Dees has led successful developments of planned communities from California to Puerto Rico. Mr. Dees holds a Bachelor of Science in Business Administration in Accounting as well as a Master's in Business Administration from Arkansas State University, Jonesboro, Arkansas. Dees has spent the last 36 years as the exclusive developer of Holiday Island, Arkansas. During that time, Holiday Island has grown from about 100 residents to 3,300. In addition, Tom has built, owns, and operates the area's newest and largest shopping center consisting of over 50 retail and commercial businesses catering to some 50,000 local consumers within a 25-mile radius.

Michael Richard has been appointed to the Advisory Board with over 20 years of diverse financial management experience for public and private start-up and early stage ventures with a focus on business intelligence, reporting transparency, financial planning and analysis, administrative leadership, process and systems improvement, and compliance. He served as Controller for The, Inc., a public new media company providing unique content, private label search engine, and e-commerce solutions. Prior to that he served as the principal accounting officer and as a director of PortaCom Wireless, Inc., a public developer and operator of companies with contracts to provide wireless telecommunication services in China and other emerging markets.

Jerry Kendall has been appointed to the Advisory Board with his BA in Industrial Management from Georgia Tech and Georgia State University and his MBA from Georgia State University, he brings over a 44-year career in data processing/data communication and electronics with IBM Corporation, Inforex Corporation, Paradyne Corporation, Security Tag Corporation, Sensormatic Electronics Corporation, and Technology Research Corporation. At Paradyne, a $260 million data communications company, Jerry served in various executive positions for 11 years, including President, Chief Executive Officer, and Board member. At Sensormatic, a $1.1 billion company electronic security company, Kendall held executive positions for 8 years, including Executive Vice President and President of the Americas, representing $670 million in revenue. Jerry later served as President and Chief Executive Officer or TRC, where he led the growth of the company from a previous 5-year run rate of $17 million year to annual revenues of over $39 million. He served as President and Board member of VillageEdocs, Inc. (Holiday Island Holdings, Inc.'s predecessor), a publicly held software company.

"In the immediate weeks ahead I will be disclosing the progress of our various land development projects. This is a very exciting time for Holiday Island as we begin developing our revenue stream and building value for our shareholders. The potential project value for our land development projects exceed $35M. I am very proud to have such an experienced management team to oversee the success and growth of this company," stated Gene Thompson, CEO.

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.

Contact Information