Hollywall Entertainment (OTC: HWAL), a multifaceted construction/developer, telecommunications, technology, media, entertainment and broadcasting company, has established Hollywall Development Company (“HWDC”). A wholly owned subsidiary, HWDC will specialize in the design, build and management of 5G fiber networks. HWAL announced plans to expand its services to include internet access, streaming media, live television, HW Signature brand cellular equipment and services, and on-demand content, including the company’s entertainment library and future entertainment and education assets. The company is committed to lead the way in developing and implementing solutions to provide services for underserved urban and rural communities around the country. In addition, the company announced that it has strengthened its financial position by eliminating all debt, including all convertible promissory notes, and auditing firms have almost completed examining the company’s financial statements and corporate disclosures for the periods ending Dec. 31, 2019, and Dec. 31, 2018. “We wish to thank all of the professional firms, strategic telecommunication partners and leaders within this nation’s great cities and municipalities in their tireless support of our vision to bring ‘Fiber to the People.’ We are especially grateful for all of our stakeholders for their ongoing support with our commitment to you,” said HWAL president and CEO Darnell Sutton in the press release. “We shall remain vigilant, steadfast and productive in all of our endeavors of expansion into new and innovative growth products and services and that we may continue to pursue our time honored promise of delivering the very best of offerings to the communities we serve.”
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About Hollywall Entertainment Inc.
Hollywall Entertainment is a multifaceted construction/developer, telecommunications, technology, media, entertainment and broadcasting company that operates through one subsidiary, Hollywall Development Company (“HWDC”), and seven divisions: Hollywall School, Hollywall Music, Hollywall TV, HW Productions, HW Networks, HWRadio, and Hollywall Foundation. HWAL is engaged in maximizing rights to its music, film, television, home videos and software game libraries. Hollywall owns exclusive and nonexclusive rights to market, manufacture and distribute music master recordings performed by legends such as Ray Charles, Ella Fitzgerald, the Jackson 5, Frank Sinatra, Dolly Parton, Elvis Presley, Tony Bennett, the Bee Gees, Chicago, the Platters, George Gershwin, Marvin Gaye, James Brown, the Who, Janis Joplin, Rolling Stones, Nat King Cole, John Lee Hooker, Willie Nelson, Rod Stewart, Hall and Oates, James Taylor, Etta James, Aretha Franklin and other multiple-platinum-selling acts. For more information about the company, please visit www.Hollywall.com.
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