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Holiday Island Holdings secures working capital from NJ investment firm

Land development company Holiday Island Holdings Inc. secured long- and short-term capital from a New Jersey-based private investment firm through monthly direct investments and limited registered offerings.

The company plans to raise long-term capital through transactions of between $5 million and $20 million, starting in the second quarter, with plans to become a "significant player" in the local commercial and residential markets of Holiday Island, Ark.