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 an innovative technology incubation holding company. The Company is engaged in the development, and acquiring telecommunications, technology, media, and entertainment content that operates through a diverse range of subsidiaries and divisions. The Company owns the rights to market, manufacture and distribute master recordings performed by legends such as Ray Charles, Ella Fitzgerald, The Jackson 5, Frank Sinatra, Dolly Parton, Elvis Presley, The Bee Gees, Chicago, Nat King Cole, John Lee Hooker, Willie Nelson, Rod Stewart, Hall and Oates, James Taylor, Etta James, Aretha Franklin and many other multiple platinum selling acts. The Company, through its subsidiaries Melody Trust LLC and Lunar Records, operates on innovative technologies such as artificial intelligence, blockchain, digital media and streaming media, Internet of Things (IOT), Web3, and renewable energy.
