Holiday Island Holdings, Inc. is Cancelling the Merger With XA Interactive, Inc. and it Will Emerge With New Industry Experienced Executives, New Oil & Gas Business Plan, and a Significant Income Producing Asset
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.
- 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.