Holiday Island, Ark., Jan. 03, 2024 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc. (OTC:HIHI) (the "Company") – operating in the Secondary Recovery of Oil & Gas Industry – released the news today that it is cancelling the merger with XA Interactive, Inc., and it will emerge with new industry experienced executives, aggressively pursuing Oil and Gas opportunities, and a significant income producing asset.
The Merger is being cancelled as numerous significant omissions were discovered in the Company's due diligence.
The Company added Glenn Klinker, who will become its Chief Operating Officer responsible for the Oil & Gas operations. Also, the Company will hire a high profile Advisor to head up Capital Raises and Regulation Compliance.
In addition, the Company has engaged two Hispanic specialists to perform Capital Raises.
The Company has interest from several sources to raise acquisition and development funds.
Gene Thompson – CEO and Chief Strategist of ...
business Plan, and a Significant Income Producing Asset>Full story available on Benzinga.com