Holiday Island Holdings, Inc. (OTCPK:HIHI) reported it has a Reg A + unregistered offering in the works with a New York-based investment firm. According to a media release, the Company has an agreement with GPL Ventures LLC a New York City-based investment group and it is in the process of completing the documents to raise up the $5 million this year. As announced in recent press releases, the proceeds will be used to acquire certain properties located in the Holiday Island Shopping Center at a discount to market value, operate them at high yield, with the option to dispose at premium market prices.