Holiday Island Holdings, Inc. entered into an agreement to acquire a 80% stake in U Storage USA for $1.2 million.

Holiday Island Holdings, Inc. is a development stage company. The Company is engaged in recreational, residential, and commercial real estate acquisition, management, and development. The Company intends to primarily identify existing developed or partially developed recreational, residential, or commercial real estate projects, and then to negotiate a total, or partial acquisition of such properties, with the intent to operate the acquisition, within the marketing area of Texas, Arkansas, Oklahoma, Louisiana and Missouri. The Company's wholly owned subsidiary, XA Interactive, Inc. (XA), is engaged in the energy sector. XA has oil and gas land leases totaling approximately 20,000 acres under management and operates producing oil wells.