Business
Medical Clinic II Rescheduled to Open Q-1 2018
Medical Clinic II Rescheduled to Open Q-1 2018.
About this update from Ep3oil, Inc.
[{"type":"text","content":"\n\n HOLIDAY ISLAND, Ark., Jan. 03, 2018 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc.  (OTCPink:HIHI) - a development stage company operating in the land development sector of the market – released the news today that Medical Clinic II is rescheduled to open in the 1st Quarter of 2018.\n Medical Clinic II is one of only two clinics located at the Holiday Island Shopping Center serving the Holiday Island Community and the nearby area.  It is adjacent to the medical clinic compound consisting of Medical Clinic I and the Heliport.  The two clinics and the heliport consist of 3 acres in the middle of the shopping center, and the clinics have 620 feet of frontage along Arkansas Scenic Highway 23. It was recently announced that a nearby hospital has made an arrangement with the Clinic II property owner to lease the space for 5 years at $4,000 per month.  At an estimated annual net income of $40,000 and an acquisition cost of $500,000, the clinic would generate an annual return of 8 + %. Previously, we announced that the clinic was expected to open in November providing general medical services to Holiday Island and the nearby area.  But, delays occurred, and we now expect it open in the early 1st Quarter of 2018. Gene Thompson - CEO and chief strategist of Holiday Island Holdings said, “We are pleased to make this announcement as it will bring further and much needed medical services to Holiday Island and the nearby communities.  Their presence greatly expands the health and medical services for the whole area. This is a real plus for our rural community and large number of retirees.” “This development adds to the strength of our plans to dominate the local medical services with the planned acquisition of Medical Clinic I, Medical Clinic II, and the Heliport in stages for a total acquisition cost of $1.5 million and projected annual net income of $140,000.” The Company is in the process of trying to raise equity capital to realize its acquisition plans of commercial income producing real estate located in the Holiday Island Shopping Center with the assistance of an Atlanta-based private investment firm. Holiday Island Holdings, Inc. will keep both its shareholders and public completely informed of the entire process as the details continue to develop.  Please watch ...