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$HWAL SHARE REDUCTION! OTC Markets updated
Outstanding Shares
105,947,309
08/14/2023
Restricted
85,366,975
08/14/2023
Unrestricted
20,580,334
08/14/2023
WALL STREET NEWS
Hollywall Entertainment
HWAL - OTC
Media - Entertainment Catalog
Investor Contact - Gary Zwetchkenbaum - Plum Tree Consulting LLC -
Cell : 516 - 455-7662 - EMAIL - gzplumtree@gmail.com
Distributed By -Wall Street News Services Inc. New York, New York
These shares have started to rebound with the announcement of several strategic partnerships with Stargaze Entertainment Group and LIG Assets Inc. We are looking for a rollup of entertainment projects in the near future . We feel that the share price does not reflect the company catalog of music properties valued at almost $150 million. SEE BELOW
We urge all serious traders to place these shares on their BUY LIST
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Hollywall Entertainment Inc operates as a media and entertainment company, which focused on ownership and content acquisition of music, film, television, home video, and computer game software libraries. It owns the rights to manufacture and distribute over 17,500 master recordings performed by such legends as Ray Charles, Ella Fitzgerald, The Jackson 5, Frank Sinatra, Dolly Parton, Elvis Presley, Tony Bennett, and others.
Latest Developments
Share Cancellation & OS Reduction
Corporate Development
Strategic Investments
Strategic Alliance
Music Assets Transaction
Recent Milestones:
Details Below
Share Cancellation & OS Reduction: This week, HWAL is successfully completing the cancellation and return of 51,082,262 common shares to the treasury, as part of its planned share reduction initiative. Upon completion of the process, the outstanding common shares will be reduced from 144,317,918 to 93,235,656 outstanding shares, enhancing the company's equity structure and increasing shareholder value. The Company is also implementing further measures to decrease the total number of outstanding common shares, to be announced in the near future.
Corporate Development: Over the past two years, HWAL has achieved significant milestones, including the completion of audits for the years 2019-2021, strengthening the company's financial transparency. In April 2023, we engaged PCAOB auditors to complete our 2022 audit, which is currently underway and progressing as expected. HWAL has also restructured as a holding company, assembled an experienced Board of Advisors, Compliance Committee, and Independent Auditing Committee, ensuring effective governance and regulatory compliance. We are currently reviewing and evaluating numerous companies for potential future acquisitions in order to provide increased revenue and earnings to the company.
Strategic Investments: HWAL strategically invested in various ventures, including the purchase of a 12.5% ownership stake in the CBD ecommerce platform, www.cbdee.com, adding a promising potential revenue stream to the company's portfolio. Link to PR dated 05/10/2023.
Strategic Alliance: HWAL, in collaboration with LIG Assets, Inc. (LIGA), has established a groundbreaking Technology-driven Media and Entertainment company, "Ailiance, Inc" (https://ailiance.net). This strategic alliance is positioned to leverage the booming demand for fresh music, television, film, and live entertainment content in the digital landscape. One of the primary strategic objectives of Ailiance is to pioneer innovative methods for monetizing HWAL's extensive music library. Both HWAL and LIGA plan to issue a new stock dividend in Ailiance to their shareholders first quarter 2024. Link to PR dated 06/29/2023.
Music Assets Transaction: HWAL successfully completed a major transaction involving the sale of a portion of its entertainment and media assets, known as "the Catalog," to Melody Trust (https://melodytrust.com). As a result, a stock dividend will be distributed to HWAL shareholders, granting them 1.3 Melody Trust Preferred B Series Shares for each HWAL common share held as of the record date, September 30, 2023. This initiative aims to create additional shareholder value and capitalize on the significant potential of music assets and NFTs. Link to PR dated 07/25/2023.
WEBSITE
Hollywall Entertainment, Inc. ("HWAL") and LIG Assets, ("LIGA") Forms New Company, Ailiance, Inc.
WASHINGTON, DC / ACCESSWIRE / July 27, 2023 / Hollywall Entertainment, Inc. (OTC Pink:HWAL), a publicly traded telecommunications, technology, media, and entertainment content company, www.hollywall.com, is pleased to announce, in tandem with Nashville-based LIG Assets, Inc. (OTC Pink:LIGA), a publicly traded sustainability-oriented holding company with a focus on sustainable housing, media, and logistic markets have formed a new Technology driven Media and entertainment company, "Ailiance, Inc", and plans to issue a new stock dividend to both companies' shareholders first quarter 2024.
Ailiance was established out of both HWALs' and LIGAs' collective interest to produce and acquire music, TV and film media content along with purchasing TV, Radio, Cable Networks, and Syndication and Distribution Groups.
One of the primary strategic objectives of Ailiance is to pioneer innovative methods for monetizing HWAL's extensive music library.
Both companies, individually and collaboratively, are investing in and advancing projects in industries such as AI, Data Center and Analytics, IA, Blockchain, Music NFTs, Crypto, Fintech, sustainable housing, and renewable energy.
"Over the past year, LIGA has purposefully been developing corporate relationships to fulfill our corporate mission of being a Sustainability-Oriented holding company focused on the sustainable housing, media and logistic markets that benefits are investors. We are currently transforming into a fundamentally different and dramatically enhanced organization that is now working with corporations, such as Hollywall Entertainment, that creates dynamic synergies of all of our relationships by working together. So it's time to embrace new joint ventures, spin-offs and strategic acquisitions which better reflect who we have become and our vision for the future," said Marvin Baker, President and Chairman of the Board of LIG Assets, Inc.; "Ailiance captures our direct marketing, outstanding content and innovative spirit as we aspire to build the country's best video/audio content, distribution and entertainment platform that will only enhance the shareholder value of both companies."
Roxanna Green, President of Hollywall Entertainment, Inc., stated the entire Hollywall team is excited to work with Mr. Baker and his vast seasoned TV, Film, Radio, Music, and Cable TV executives who has successfully for over 35 years guided launching and extensively growing the sales of hundreds of products and brands with their media and TV production, advertising driven promotions, direct marketing and sales expertise worldwide. We are thrilled about the multitude of opportunities both companies will advance as Ailiance and which will benefit greatly the interests of all shareholders of both companies in the near term. She highlighted LIGA's successful track record in direct marketing, sales, music, TV, film production, and syndication, combined with Hollywall Entertainment's extensive media and entertainment holdings. Ms. Green confidently stated, "This partnership is the perfect recipe for tremendous future revenue growth, increased earnings, and share price appreciation for both LIGA and HWAL."
HWAL and LIGA are committed to transparent communication and aim to keep shareholders informed about their progress and milestones to include regular shareholder conference calls, and news releases.
About LIG Assets, Inc.:
LIG Assets, Inc., (OTC:LIGA) in association with Robert Plarr is the emerging "Leader in Green Assets" -- focused on exclusive green, renewable energy and sustainable and disaster resistant homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA."
Learn more about LIGA
Facebook @ www.Facebook.com/ligahomes
Twitter @ https://twitter.com/ligassets
About Hollywall Entertainment, Inc.
Hollywall Entertainment, Inc. (OTC Pink:HWAL), is an emerging public company at the forefront of development, and acquiring telecommunications, technology, media, and entertainment content that operates through a diverse range of subsidiaries and divisions. Driven by a commitment to innovation, Hollywall continues to evolve and adapt to the ever-changing landscape of the new tech industries. To learn more about Hollywall Entertainment, Inc., and its diverse range of offerings, please visit www.hollywall.com.
Hollywall Entertainment, Inc.
202-827-2220
info@hollywall.com
Corporate Communications:
Instagram: https://www.instagram.com/hollywalltv
Facebook: https://www.facebook.com/HWAL.Hollywall
Twitter: https://twitter.com/theHollywall
HWAL: https://hollywall.com;
HWAL IR: https://wwww.hollywall.com/investor
Investor Relations Contact: info@hollywall.com
Safe Harbor Forward-Looking Statements:
This press release and the statements of representatives of Hollywall Entertainment, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, the Company's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
Hollywall Entertainment, Inc. ("HWAL") Announces Major Transaction Involving Music Assets, Unleashing Potential of NFTs and Blockchain, and Stock Dividend to Create Additional Value for Shareholders"
WASHINGTON, DC / ACCESSWIRE / July 25, 2023 / Hollywall Entertainment, Inc. ("Hollywall" or "HWAL") (OTC Pink:HWAL) is pleased to announce the completion of a transaction involving the sale of assets from its music catalog (the "Catalog") to Melody Trust, Inc. ("Melody"), https://melodytrust.com. As a result of this transaction a stock dividend will be distributed to HWAL shareholders.
Pursuant to an asset purchase agreement executed by Hollywall and Melody, HWAL will issue a stock dividend of 1.3 Melody Trust Preferred B Series Shares for each HWAL common share held on the record date. The stated capital value of each Melody Trust Preferred B Series Share is $1.00. The dividend is scheduled to be distributed on or about October 2, 2023, to HWAL stockholders of record as of the close of business on September 30, 2023.
The Catalog comprises a prestigious collection of over 17,500 master recordings, showcasing the remarkable talents of renowned music legends. These recordings encompass iconic performances by esteemed artists such as Ray Charles, Elvis Presley, Tony Bennett, The Bee Gees, Chicago, The Platters, George Gershwin, Marvin Gaye, James Brown, Bo Didley, Willie Nelson, Waylon Jennings, and Rod Stewart, among many others.
Based on an intangible asset valuation conducted by Sun Business Valuation, which is available for reference on HWAL's official website, the fair value of the Catalog was assessed to be approximately $146 million as of March 12, 2021. HWAL and Melody are confident that the master recordings within the Catalog possess substantial growth potential and are poised to appreciate significantly in value well into the future. This belief underscores their strategic positioning to capitalize on the anticipated growth and maximize long-term returns to shareholders.
Melody, utilizing the Catalog, is entering the realm of blockchain technology and non-fungible tokens (NFTs). The emergence of music NFTs has the potential to revolutionize the landscape of music discovery, distribution, and monetization. It is projected that the NFT segment will experience significant growth, with experts predicting a market capitalization of $80 billion by 2025. Notably, the month of December 2021 alone witnessed NFT transactions valued at $4 billion.
In partnership with Melody, HWAL's new tech division is currently in the planning stage of developing pioneering blockchain and NFT technology systems. These innovative systems aim to facilitate real-time royalty payments for music owners, writers, publishers, and performing artists. By harnessing the power of blockchain and NFTs, HWAL and Melody are dedicated to introducing cutting-edge solutions that enhance transparency, efficiency, and fairness in the music industry's royalty ecosystem.
Roxanna Green, the President of HWAL, expressed her strong conviction in the potential of a mutually beneficial collaboration between the two companies. She stated, "We are thrilled about the compelling opportunity that lies ahead as we join forces with Melody Trust to establish a disruptive blockchain entertainment and media company. This collaboration has the potential to surpass the sum of its parts, both technically and fundamentally, creating a truly remarkable venture. We eagerly anticipate working closely with the talented team at Melody Trust as we embark on this exciting journey together."
A Quick Update on Prior Business: The 50 Million Share Reduction.
On April 10, 2023, Hollywall announced the divestment of its infrastructure development subsidiary. As a result of this transaction, 50,020,609 common shares and 56,391 Series A Preferred shares of HWAL's stock are currently in the process of being canceled and returned to its treasury.
About Melody Trust, Inc.
Melody Trust, Inc., is a visionary company dedicated to revolutionizing the creator economy by providing economic opportunities to creators and brands. Its mission is to amplify the impact of platforms, assets, people, and technology, creating a powerful flywheel effect in the music industry. Melody Trust is committed to building a viable and safe ecosystem that benefits all stakeholders. Through strategic partnerships, innovative technologies, and a customer-centric approach, we empower creators and brands to thrive within our dynamic ecosystem. With a focus on delivering exceptional experiences and fostering long-term relationships, Melody Trust is poised for significant growth and disruption of the music creator economy landscape.
About Hollywall Entertainment, Inc.
Hollywall Entertainment, Inc. (OTC Pink:HWAL), is an emerging public company at the forefront of development, telecommunications, technology, media, music, entertainment, and broadcasting that operates through a diverse range of subsidiaries and divisions.
Driven by a commitment to innovation, Hollywall continues to evolve and adapt to the ever-changing landscape of the new tech industries. To learn more about Hollywall Entertainment, Inc., and its diverse range of offerings, please visit www.hollywall.com.
Safe Harbor Forward-Looking Statements:
This press release and the statements of representatives of Hollywall Entertainment, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, the Company's ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.
