SAFETY HARBOR, Fla.,
Jan. 13, 2014 /PRNewswire/ --
VillageEDOCS, Inc. (OTCPK:VEDO), an emerging small cap company
transitioning to a real estate development, management, and
marketing firm, announced today it entered into a Purchase/Option
Agreement in the 4th quarter of 2013 with Holiday Island
Development Corporation (HIDC) giving VEDO an option to acquire all
or parts of HIDC's real estate holdings located at Holiday Island,
Arkansas in a planned
multi-transaction process, to be funded by the issuance of VEDO
securities. Existing VEDO shareholders will maintain twenty
percent (20 %) of VEDO or its successors.
In connection with the Agreement, new board members were elected
on November 11, 2013 consisting of
S. Gene Thompson, James L. Jones, and Michael D. Adams, who have real estate and
financial industry experience. Accordingly, the new board
members are believed to be better suited to lead VEDO in the
development and implementation of a real estate based strategic
plan going forward.
The plan is to transition VEDO from a publicly held entity with
no operating divisions to an entity with operations by placing the
real estate holdings of HIDC into VEDO, recapitalize the Company,
and create market awareness. Additionally, there are efforts
in place to change the Company's name and symbol to more closely
reflect its current and planned operations. There are also
plans to upgrade VEDO to a fully reporting SEC company.
FORWARD LOOKING STATEMENTS
This press release, together with other statements and
information publicly disseminated by Village EDOCS, contains
certain forward-looking statements within the meaning of Section 27
A of the Securities Act of 1933, as amended, and Section 21 E of
the Securities Exchange Act of 1934, as amended. You should
not rely on forward-looking statements since they involve known and
unknown risks, uncertainties and other factors that are, in some
cases, beyond VillageEDOCS' control, and which could materially
affect actual results, performances or achievements. Factors
that may cause actual results to differ materially from current
expectations include the risk factors discussed in VillageEDOCS'
filings with the Securities and Exchange Commission.
For more information and progress, please visit our website at
www.holidayislandholdings.com,
Also, send us your contact information for direct responses to
your information requests.
SOURCE VillageEDOCS, Inc.
