Holiday Island Holdings, Inc. announced that the Company has entered into an agreement to acquire Oil & Gas Interest for $150,000 in cash ($100,000) and stock ($50,000). The Seller is a highly experienced oil and gas operator and a soon-to-be HIHI shareholder. He has agreed to sell his interest in certain wells located in Northwest Louisiana and East Texas for $10O, 000 in cash and $50,000 in HIHI common stock.

These properties are estimated to generate $10,000 + per month in cash inflow to HIHI for 5 years, or approximately $500,000 in total. The deal is scheduled to close on or before September 30, 2022, subject to favorable due diligence. The company has a commitment from a major shareholder and investor to provide the $100,000 in cash for the deal.