Hollywall Entertainment, Inc. completed the acquisition of assets of OpenVision Networks, Inc.
January 27, 2016
Share
Hollywall Entertainment, Inc. (OTCPK:HWAL) signed a letter of intent to acquire assets of OpenVision Networks, Inc. on December 10, 2015. The parties entered into an agreement on December 10, 2015. Hollywall Entertainment will pay the consideration in cash and in its common stock. Sherman Davis and Leroy Gordon, founders of OpenVision, will manage the new enterprise, reporting to Darnell Sutton, Chief Executive Officer and Chairman of Hollywall. Richard Stern of Stern & Co. acted as public relations advisor in the transaction.
Hollywall Entertainment, Inc. (OTCPK:HWAL) completed the acquisition of assets of OpenVision Networks, Inc. on January 28, 2016. OpenVision will be operated as HollyVision Inc.
Hollywall Entertainment Inc. is a multi-faceted developer, telecommunications, technology, media, and entertainment company. The Companyâs engaged in maximizing rights to its music, film, television, home videos and software game libraries. It also owns exclusive and non-exclusive rights to market, manufacture, and distribute over 17,500 songs from Music Recording Masters. The Company operates through five segments: Hollywall Music, Hollywall TV, HW Productions, HW Networks, and HWRadio. Hollywall Music produces legacy music and video collector sets for retail, wholesale, download sales and streaming services. Hollywall TV division is in the development of an advertising/membership-based digital network in conjunction with a major entertainment representation firm. HWRadio operates HWRadio.com, where users can listen to their favorite artists' songs and extensive music collections in many genres from decades of legendary performances from the Hollywall Library of Legacy Music.
HOLLYWALL ENTERTAINMENT, INC. 
