Holiday Island Holdings, Inc. Discusses 2021 Acquisition Projects with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - January 20, 2021) - The Stock Day Podcast welcomed Holiday Island Holdings, Inc. (OTC Pink: HIHI) ("the Company"), a development stage company involved with recreational, residential, and commercial real estate in our defined regional market. CEO of the Company, Gene Thompson, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's background and current projects. "We're a publicly traded company; we trade on the OTC Pink under the ticker symbol 'HIHI'," shared Thompson. "Right now we're trading at around 10 cents, but we believe that we're undervalued," he continued, adding that the Company will be launching an IR campaign to generate more awareness and interest.
Thompson then elaborated on the challenges of the COVID-19 pandemic, as well as the Company's achievements throughout 2020. "It helped our industry because it lends itself to remote living, and that's what we do, by design," said Thompson regarding the pandemic. "Right now we have a $1.3 million RV park near the Dallas Fort-Worth metro, which is a hot market under contract. We're expecting to close that sometime around the first of March," said Thompson. "If we get that accomplished, that should be a game changer in terms of our attractiveness to investors."
"Since early last year, we've been seeking out residential and commercial properties in our marketing area, which includes Texas, Oklahoma, Missouri, Arkansas, and Lousiana," said Thompson, adding that the Company also added two members to their advisory board in 2020. "We also bought our first residential property, that now is our corporate headquarters," shared Thompson. "I'm pleased to tell you that we already have $50,000 equity in it."
"What are your plans going forward in 2021?" asked Jolly. Thompson elaborated on the process and potential of closing on the $1.3 million RV park. "This park in Texas is throwing off about $84,000 in EBITDA," said Thompson. "If we could acquire it by the first of March, we believe we could improve that to about $110,000 for 2021," he shared, noting that the facility can also be expanded rapidly.
"The second one is a campground located in Arkansas located near our corporate office," explained Thompson. "We're negotiating that right now," he said. "That also could be a game changer because it's right here in our backyard."
Jolly then asked about the Company's plans for funding. "What we plan on doing this year, and are in the process of doing now, is upgrading to the OTCQB so that we can have access to venture capital," said Thompson. "We've got commitments from Houston to provide the million dollars to buy the Texas RV park; our piece of that would be $150,000 at closing," said Thompson. "That would give us a 60/40 split of EBITDA after debt service," he added. "Those are the two acquisitions projects that we're working on now, and we believe we can close both of those in the next 4 to 6 weeks."
To close the interview, Thompson elaborated on the Company's potential as they continue to strive towards acquiring significant commercial assets that can be expanded quickly to generate revenue and high yield.
To hear Gene Thompson's entire interview, follow the link to the podcast here:https://audioboom.com/posts/7777592-holiday-island-holdings-inc-discusses-2021-acquisition-projects-with-the-stock-day-podcast
About Holiday Island Holdings, Inc.
Holiday Island Holdings, Inc. (OTC Pink: HIHI) is a development stage company involved with recreational, residential, and commercial real estate in our defined regional market.
Assisted by several heavily experienced real estate, business and financial advisors, the Company initially intends to operate in Texas, Northwest Arkansas and other areas of Arkansas, Oklahoma, Louisiana, and Missouri, all experiencing significant population growth and business expansion, and all attracting people seeking a remote, balanced lifestyle in an upscale recreational, or residential setting.
The Company is managed by a senior group of experienced real estate and business executives, and aided by advisors who have financial expertise, and have served as well in senior capacities with major national recreational and residential development entities.
The advisors also have extensive homebuilding and tiny home development, marketing, and sales experience.
For the near-term, management is undertaking a recapitalization of the Company, first by reducing the number of outstanding shares via a reverse share split. This is being accompanied by currently obtaining short-term financings for administrative purposes, to be followed by funding placements in 2020, 2021 and beyond, for acquisition purposes (these financings may include planned seller financing of some magnitude, and joint venture arrangements).
As new properties are acquired, financed, and brought on-line, the Company will continue to expand its acquisition target list and become a major real estate player in its defined marketing area. One major component of its expansion strategy is to add its "private label" tiny home design(s) to properties it acquires, and wherein a new tiny home residential community can be structured. This tiny home segment will operate as "Nova Tiny Home Communities", and the units will be built-to spec, as set forth by Management.
Forward-Looking Statements Disclaimer:
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About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
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