Holiday Island Holdings, Inc. Completes Reverse-Merger with XA Interactive, Inc. to Propel Growth in the Oil & Gas Industry

Holiday Island Holdings, Inc. Completes Reverse-Merger with XA Interactive, Inc. to Propel Growth in the Oil & Gas Industry
XA Interactive, Inc.

Orlando, Florida – July 14, 2023 – Holiday Island Holdings, Inc. (OTC Pink: “HIHI”), a leading participant in the recreational and remote living real estate  industry, announces the completion of a reverse-merger with XA Interactive, Inc., a privately held firm specializing in Oil & Gas operations. The completion of the reverse-merger between the two companies marks the initiation of a recapitalization of HIHI, while propelling XA Interactive, Inc. into the advantages of public trading.

Under the terms of the Definitive Agreement, HIHI has officially transferred control of the public company to XA Interactive, Inc. in exchange for an undisclosed cash amount. This strategic maneuver establishes the foundation for expansion and propels XA into a new era of progress.

Expressing his enthusiasm about this groundbreaking development, S. Gene Thompson, CEO and Director of Holiday Island Holdings, Inc., stated, “On July 3, 2023, the reverse-merger between HIHI and XA was finalized. This is a monumental moment for the Company and its Shareholders.” 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, stating, “We are thrilled to finalize this mutually beneficial arrangement with HIHI. XA’s focus now is on the growth of the Company to expand our oil and gas operations, increase revenue, and 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.

With a portfolio of oil and gas operations and millions of barrels in proven reserves, XA Interactive, Inc. has oil and gas land leases totaling approximately 20,000 acres under management and operates producing oil wells, with plans to develop additional wells in the future. 

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Company Name: XA Interactive, Inc.
Contact Person: Josephine Vargas
Email: Send Email
City: Las Vegas
State: Florida
Country: United States