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Was reading the financial statement and notes (in conjunction with the LIGA announcement) and was stunned to find out in the last five years HWAL’s market cap has gone from $231 million to $6 million all while owning the same 17,500 master recordings collection.
Obvious they still haven’t figured out a way to monetize the catalog as the company only booked $63,000 of revenue. They likely had to pay at least 20% of that number out in royalty fees.
The goofy appraisal of the catalog at $146 million is just silly. The number that seems to be missing is what HWAL actually purchased the catalog for (ten years ago).
Then look at management’s forecasted revenue and income projections as of March 4,2021.
2021: Sales: $2 million, Profit $1 mil
2022: Sales: $10 mil, Profit $5 mil
2023: Sales: $20 mil, Profit $10 mil
2024: Sales: $20 mil, Profit $10 mil
Now let’s look at the actual results:
2021: Sales: $524k, loss $24 mil
2022: Sales: $266k, loss $1.2 mil
2023: Sales: $300k, loss $1.6 mil
2021 results had a $17 mil impairment charge but they still lost $6.6 mil from operations.
Both 2021 and 2022 sales included about $230k from Lobbying so the music catalog licensing sales were quite small.
2023 results are thru 6/30/23.
Exact same management who gave shareholder these projections are the ones who delivered the results.
And people are willing to believe them going forward? Say goodbye to your money and hello to further dilution. IMO , company is worth less than a penny in it’s current structure. No wonder they made a deal with LIGA, another serial projection exaggerator.
Seller looks like gone and heading to .105
https://hollywall.com/melody/ (on there web site )
$HWAL 39,000,000 shares cancellation
This is about to be a monster , 39,000,000 shares cancellation and according to filings more being cancelled soon. Let’s go HWAL ! Three aquisitions and looks like CBDEE.com may be the best positioned due to revenues of TRUELEAF , CURELEAF , CRESCO
$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
https://hollywall.com/
Hollywall Entertainment Innovative Technologies including: Media, Entertainment, Broadcasting, Streaming, IT, IOT, Fintech, Blockchain, NFT, Tokens, AI, Data, Bioscience, Agriculture, Energy, Retail Merchandise & Collectibles
Hollywall Entertainment Inc. (HWAL) Issues Shareholder Letter and Provides Corporate Update
Press Release | 08/10/2023
WASHINGTON, DC / ACCESSWIRE / August 10, 2023 / Hollywall Entertainment Inc. (OTC Pink:HWAL) ("HWAL"), a prominent developer, telecommunications, technology, media, sports, entertainment, and broadcasting company, is pleased to issue a letter to shareholders from its President, Roxanna Green, outlining the company's recent activities and strategic advancements.
Dear Shareholders,
We are announcing a series of catalysts that will drive long-term shareholder value. Our priorities are developing new partnerships, joint ventures, and licensing agreements that will monetize our expanding entertainment network including the extensive music catalog ("the Catalog") of over 17,500 master recordings.
Latest Developments:
Share Cancellation & OS Reduction
Strategic Alliances
Music Assets Transaction
Strategic Investment
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 further decrease the total number of outstanding common shares, to be announced soon.
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 increasing 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. Shareholders of both HWAL and LIGA will receive a new stock dividend in Ailiance during the 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). With a confirmed fair value of approximately $146 million as of March 12, 2021, based on Sun Business Valuation's assessment, we have every reason to be confident in the growth potential of the Catalog. 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.
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.
Corporate Development: Over the past two years, HWAL has achieved significant milestones, including the engagement of the Company's PCAOB auditor to complete a 2 year audit, strengthening the company's financial transparency and positioning the Company for Uplisting to a listed exchange.. 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 to provide increased revenue and earnings to the company.
MOU with StarGaze Entertainment, Inc: LIGA signed a Memorandum of Understanding to acquire Stargaze Entertainment Group, Inc ("STGZ"), intending to partner with Ailiance Inc. This move is aimed at expanding media assets and further positioning HWAL and its partners as key players in the entertainment industry. By identifying premier locations in the United States and Canada, with existing entertainment Real Estate assets and space for expansion, management will build the Stargaze brand into a Premier Family Entertainment Venue and Theme Attraction Company. Management is in final negotiations to acquire its first of several large multi-faceted Entertainment Real Estate properties to launch the Stargaze Live Entertainment and Studios brand. Link to PR dated 8/8/2023.
Upcoming Video Virtual Conference Call: September 14, 2023 1:30-2:00 PM EST. HWAL will present their strategic partners and Board of Advisors via Zoom and LinkedIn Live. Future Details can be found at HWAL's website, https://hollywall.com/
Goals and Final Thoughts:
In the second half of this year, HWAL has taken steps to advance swiftly in new tech industries such as AI, blockchain, NFTs and cryptocurrency, IOT, and 5G, and to present to the investor marketplace a compliantly restructured and equitably aligned public company.
While there are several significant milestones currently in progress that we are not yet ready to disclose, we are entirely optimistic about the direction of our business and the capability of our team to make our next-generation technologies an integral part of the future.
Your continued support is invaluable to us, and we eagerly anticipate sharing updates on our progress in the months ahead. Together, we will forge a path toward a prosperous future, fostering growth and value for HWAL and its esteemed stakeholders and shareholders.
Sincerely,
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
********************************************
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.
Hollywall Entertainment, Inc.is a publicly traded telecommunications, technology, media, and entertainment content company. $HWAL
Hollywall Entertainment, Inc. announced, in tandem with Nashville-based LIG Assets, Inc., a publicly traded sustainability-oriented holding company with a focus on sustainable housing, media, and logistic markets have formed a new Technology driven Media and entertainment company, "Ailiance, Inc", and plans to issue a new stock dividend to both companies' shareholders first quarter 2024.$HWAL
Hollywall Entertainment Inc. announced, 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.$HWAL
Hollywall Entertainment, Inc. is a publicly traded telecommunications, technology, media, and entertainment content company. $HWAL
Hollywall Entertainment, Inc. are pleased to announce, in tandem with Nashville-based LIG Assets, Inc. (OTC Pink:LIGA), a publicly traded sustainability-oriented holding company with a focus on sustainable housing, media, and logistic markets have formed a new Technology driven Media and entertainment company, "Ailiance, Inc", and plans to issue a new stock dividend to both companies' shareholders first quarter 2024.$HWAL
Hollywall Entertainment, Inc. is a publicly traded telecommunications, technology, media, and entertainment content company. $HWAL
https://ailiance.net/gallery/
$HWAL $LIGA
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.
Hollywall Entertainment Inc., Thursday, July 27, 2023, Press release picture
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.
Contact
Hollywall Entertainment, Inc.
202-827-2220
info@hollywall.com
SOURCE: Hollywall Entertainment Inc.
View source version on accesswire.com:
https://www.accesswire.com/770642/Hollywall-Entertainment-Inc-HWAL-and-LIG-Assets-LIGA-Forms-New-Company-Ailiance-Inc
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Hollywall Entertainment, Inc. (“HWAL”) and LIG Assets, (“LIGA”) Forms New Company, Ailiance, Inc.
https://www.otcmarkets.com/stock/HWAL/news/Hollywall-Entertainment-Inc-HWAL-and-LIG-Assets-LIGA-Forms-New-Company-Ailiance-Inc?id=408901
HWAL and Melody are dedicated to introducing cutting-edge solutions that enhance transparency, efficiency, and fairness in the music industry's royalty ecosystem.$HWAL
In partnership with Melody, HWAL's new tech division is currently in the planning stage of developing pioneering blockchain and NFT technology systems.$HWAL
Pursuant to an asset purchase agreement executed by Hollywall and Melody, HWAL will issue a stock dividend of 1.3 Melody Trust Preferred B Series Shares for each HWAL common share held on the record date.$HWAL
Hollywall Inc. is a multi-faceted developer, telecommunications, technology, media, music entertainment and broadcasting company. $HWAL
Hollywall Entertainment Inc. announced the completion of a transaction involving the sale of assets from its music catalog (the "Catalog") to Melody Trust, Inc. https://melodytrust.com. As a result of this transaction a stock dividend will be distributed to HWAL shareholders.$HWAL
$HWAL SHARE CANCELLATION: 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.https://t.co/MjMtwwFHSz
— resx18 (@resx18) July 25, 2023
Adding this dip
Good Morning $HWAL
Nice Day! $HWAL
$12,000 worth of buying so far.. $HWAL news has 5 PR's built into this one release imho.
https://finance.yahoo.com/news/hollywall-entertainment-inc-hwal-announces-124500988.html
$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.
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. $HWAL
Hollywall Entertainment, Inc. said that they are pleased to announce the completion of a transaction involving the sale of assets from its music catalog (the "Catalog") to Melody Trust, Inc. ("Melody"), https://melodytrust.com. As a result of this transaction a stock dividend will be distributed to HWAL shareholders.$HWAL
$HWAL SHARE CANCELLATION: 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.https://t.co/MjMtwwFHSz
— resx18 (@resx18) July 25, 2023
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.
$HWAL Quick Update : 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.
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.
Hollywall Entertainment Inc., Tuesday, July 25, 2023, Press release picture
Hollywall Entertainment Inc., Tuesday, July 25, 2023, Press release picture
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.
$HWAL Announces Major Transaction Involving Music Assets, Unleashing Potential of NFTs and Blockchain, and Stock Dividend to Create Additional Value for Shareholders
https://www.accesswire.com/770145/Hollywall-Entertainment-Inc-HWAL-Announces-Major-Transaction-Involving-Music-Assets-Unleashing-Potential-of-NFTs-and-Blockchain-and-Stock-Dividend-to-Create-Additional-Value-for-Shareholders
Hollywall released their Shareholder Update letter.The first half of this year, HWAL has taken additional steps toward once again becoming a reporting issuer and continues to focus on providing future shareholder gains via strategic acquisitions and otherwise, as well as working toward an up-listing to a larger trading exchange.$HWAL
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