Holiday Island Holdings Announces Further Progress in Merger Negotiations
(firmenpresse) - HOLIDAY ISLAND, AR -- (Marketwired) -- 06/20/16 -- (OTC PINK: HIHI), a development stage company operating in the land development, marketing, sales, and management business, announced today that the company and its proposed merging company, a Texas-based private commercial real estate company, continues to make positive and timely progress.
Gene Thompson, CEO, stated, "As we announced recently, we have been in negotiations for several weeks now, and we are currently exchanging due diligence. Since, the merging company's lender just renewed its credit facility with a 5 year fixed and 25 year amortization terms. This will continue positive net profit and cash flow."
Further Thompson stated, "Again, 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."
UPTICK Newswire LLC
Brittney Lewellen
P: 602-441-3474
E:
W:
GENE THOMPSON
CEO
Holiday Island Holdings, Inc.
3 Parkwood Drive, Holiday Island, AR 72631
P: 479-244-6047
E:
W:
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Unternehmensinformation / Kurzprofil:
Datum: 20.06.2016 - 12:00 Uhr
Sprache: Deutsch
News-ID 478704
Anzahl Zeichen: 4678
contact information:
Town:
HOLIDAY ISLAND, AR
Kategorie:
Retail Banking
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