Orlando, Florida – June 15, 2023 – Holiday Island Holdings, Inc. (OTC Pink: “HIHI”), a leading participant in the recreational and remote living real estate industry, is pleased to unveil its entry into a Definitive Agreement with XA Interactive, Inc., a privately held firm specializing in Oil & Gas operations. This landmark agreement marks the initiation of a recapitalization of HIHI while propelling XA Interactive, Inc. into the advantages of public trading, setting the stage for exceptional future growth.
Under the terms of the Definitive Agreement, disclosed in an official Press Release, HIHI will transfer control of the public company to XA Interactive, Inc. in exchange for an undisclosed cash amount. This strategic maneuver establishes the foundation for substantial expansion and propels XA into a new era of progress.
With the successful consolidation of XA Interactive, Inc. as a wholly owned subsidiary, the company’s initial assets injected into its portfolio exceed an impressive $150 million. This infusion of substantial resources positions XA for remarkable success, and it instills a sense of fresh and meaningful optimism among shareholders. Existing and prospective stakeholders eagerly anticipate increased revenues and profits from both existing and future operations of XA.
Expressing his enthusiasm about this groundbreaking development, S. Gene Thompson, CEO and Director of Holiday Island Holdings, Inc., stated, “This is a monumental moment for the Company and its Shareholders, as it is poised to generate significant assets, revenues, and profits through XA’s current and future operations.” Thompson’s optimistic perspective highlights the immense potential and benefits of this strategic alliance.
Likewise, Michael Prozer, Founder and CEO of XA Interactive, Inc., conveyed his satisfaction with the agreement, remarking, “We are thrilled to establish this mutually beneficial arrangement with HIHI, and we eagerly anticipate the growth of the Company to maximize Shareholder Value and Stock Liquidity.” Prozer’s statement illuminates the mutual vision between the two entities and their unwavering dedication to generating value for all stakeholders.
As a new chapter unfolds for Holiday Island Holdings, Inc., the completion of the recapitalization process stands as a significant milestone, with XA Interactive, Inc. assuming its position as a publicly traded company on the OTC market. The reverse-merger between HIHI and XA Interactive, Inc. positions XA as the new entity with the ability to engage in public trading. This development opens up fresh avenues for growth, visibility, and expanded opportunities for XA and its stakeholders. Investors and industry experts eagerly anticipate the outcomes of this transformative merger, expecting it to shape the future trajectory of XA Interactive, Inc. as a publicly traded entity.
XA Interactive, Inc. is initiating the process of updating and filing for a change in name and ticker symbol, symbolizing its transformation and further aligning its corporate identity with the strategic merger and its newly attained status as a publicly traded company.
Boasting an impressive portfolio of oil and gas operations, XA Interactive, Inc. currently operates 100 oil wells with an ambitious plan to develop over 500 additional wells in the near future. With a vast expanse of 20,000 acres of land leases under its management, XA has secured valuable resources for its operations. What sets XA apart is its seasoned team of highly experienced operators, who bring a wealth of industry expertise and knowledge to the table. Their proficiency and strategic insights contribute to the seamless execution of projects and position XA as a formidable player in the oil and gas sector.
For more information, visit www.xainteractive.com
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Email: josephine@xainteractive.comCompany Name: XA Interactive, Inc.Contact Person: Josephine VargasCity: OrlandoState: FloridaCountry: United States
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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov
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Company Name: XA Interactive, Inc.
Contact Person: Josephine Vargas
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City: Las Vegas
State: Nevada
Country: United States
Website: www.xainteractive.com