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Hollywall Entertainment, Inc. (HWAL)

Other OTC - Other OTC Delayed Price. Currency in USD
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1.90000.0000 (0.00%)
At close: 2:15PM EDT
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Trade prices are not sourced from all markets
Previous Close1.9000
Open1.9000
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range1.9000 - 1.9000
52 Week Range1.3800 - 11.9900
Volume2,648
Avg. Volume4,442
Market Cap146.305M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • ACCESSWIRE

    50+ Companies to Present at the Access to Giving Virtual Investor Conference on July 13th - 15th, 2021

    RALEIGH, NC / ACCESSWIRE / July 8, 2021 / Access to Giving - an investor conference themed around investor education and advocacy begins next week, July 13th \- 15th, 2021. More than 50 companies are scheduled to conduct virtual presentations over the three-day period as well as 1x1 meetings with qualified investors throughout the event.

  • GlobeNewswire

    Hollywall Entertainment, Inc., Announces The Completion of Its Two Year Audit

    WASHINGTON, March 25, 2021 (GLOBE NEWSWIRE) -- via InvestorWire -- Hollywall Entertainment Inc. (OTC: HWAL), a telecommunication, infrastructure, media, technology, broadcasting and entertainment company, announces the completion of Public Company Accounting Oversight Board (United States) (PCAOB) audited financial statements for fiscal year (s) ending in December 31, 2019 and December 31, 2018. Accell Audit and Compliance, P.A. (Accell) is an independent registered public accounting firm in compliance with SEC Rule 3520 which operates within the jurisdiction of the federal securities laws administered by the Securities and Exchange Commission (SEC). On March 1, 2020 Accell was retained by HWAL to administer a full and complete audit of the company in compliance with SEC Rule 3520, after a year of diligent and thorough auditing preparation and review, in conjunction with the accounting firm of Noble Accounting and Consultant Executives LLC it has completed auditing the balance sheets of HWAL for the ending periods of December 31, 2019 and 2018, along with the company’s related consolidated statements of operations, stockholders' deficit and cash flows for the years then ended, which is intended to be filed in a Form S-1 under the Securities Exchange Act of 1933. The consolidated financial statements of HWAL have been prepared in accordance with accounting principles generally accepted in the United States (U.S. GAAP) and audited in accordance with the standards of the PCAOB. Accell Founder and Managing Director, Chris Hiestand states, “We proudly represent our work on behalf of Hollywall Entertainment, Inc. and look forward to an ever-growing relationship with the company. We conducted our audit in accordance with the standards of the PCAOB. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion and have been prepared assuming that the Company will continue as a going concern.” Securus Law Group’s (a securities law firm) Founder and President, Craig Huffman states, “Now that the audit by Accell has been completed, our firm now expands its ongoing corporate retention to provide all legal services relating to the preparation of HWAL’s anticipated S-1 Registration for filing to the SEC, which will be announced in the near future. Securus Law Group will remain available to respond to any and all questions during a subsequent SEC comment period, if any.” SEC S1 Filing An S-1 is a registration filing form for companies to complete registration of securities offering under the Securities Act of 1933. This act, also known as the Truth in Securities Act was enacted to bring greater transparency to securities. Through form S-1, companies offering securities are required to disclose a description of the company’s properties and business; a description of the security being offered; information about management running the company and financial statements that have been certified by independent accountants. S-1 registration filings typically include information about the total number of shares offered and the price per share as well as Investment Prospectus information offered to investors. SEC Full reporting company Companies that file a Form S-1 registration statement under the Securities Act of 1933, as amended (“Securities Act”) become subject to Reporting Requirements. The underlying basis of the Reporting Requirements is to keep shareholders and the markets informed on a regular basis in a transparent manner. All reports filed with the SEC are subject to SEC review and comment and, in fact, the Sarbanes-Oxley Act. Reports filed with the SEC can be viewed by the public on the SEC EDGAR website. The required reports include an annual Form 10-K, quarterly Form 10Q’s and current periodic Form 8-K as well as proxy reports and certain shareholder and affiliate reporting requirements. A reporting company also has record keeping requirements, must implement internal accounting controls and is subject to the Sarbanes-Oxley Act of 2002 Hollywall Entertainment, Inc, President and CEO Darnell Sutton states, “We wish to thank the many exceptional and diverse professional firms and people that we have had the pleasure to work with over this past year in support of our mission to become a fully reporting public company, while yet maintaining our focus of vision to bring about an end to the digital divide which plagues our country's poorest of communities, by serving many of these disenfranchised regions throughout our beloved nation with much needed and exceptional state of the art broadband infrastructure products and services while offering an ever increasing value to each and every Hollywall stakeholder ... Fiber to the People." About Hollywall Development Company (HWDC) Hollywall Development Company LLC, (HWC) is a subsidiary of Hollywall Entertainment Inc., a minority-majority controlled, and operated consortium enterprise company led by founder, President & CEO Darnell Sutton, an award-winning visionary, strategist, and entrepreneur. HWDC builds, restores and creates “smart” cities/communities and fiber networks throughout the U.S. HWDC services, initiatives and investments include broadband and 5G networks, IOT, smart city technologies, energy, tele-medicine, tele-education, transportation, clean water, waste management and the development of green environments. HWDC employment growth opportunities continue to attract the industry’s best, brightest and most seasoned corporate executives to join its staff, as well as its ongoing efforts to develop highly effective and profitable strategic partnerships with investment banks, global capital funds, public financial and wealth management firms, construction and engineering companies, telecommunications companies, federal agencies, state and local governments, nonprofits, faith-based organizations and housing authorities. Some of HWAL initiatives include: Designing, engineering, constructing, operating, and providing 5G infrastructure, Rural and Urban Wireless and Broadband Telecommunications Network Infrastructure,Fostering, developing, and implementing entrepreneurial and economic development opportunities for minority business enterprises (MBEs),Working in partnership with Historically Black Colleges and Universities (HBCUs) and Tribal Colleges and Universities (TCUs) to solve the challenges of deploying broadband in vulnerable communities, andThe installation of Rural Broadband Connectivity throughout agriculturally-rich communities ensures farmers can maintain and increase sustainable practices using digital tools, among other initiatives of the Company. About Hollywall Entertainment, Inc. Hollywall Entertainment, Inc. (OTC:HWAL) is a telecommunications, infrastructure, technology, media, entertainment and broadcasting company that operates through its various subsidiaries, including Hollywall Development Company (HWDC), HW Vision and HW Latlong, and multiple divisions to include HW School of Communications, Hollywall Music, Hollywall TV, HW Productions, HW Networks, HWRadio, HWGOV and The Hollywall Foundation. HWAL continues to maximize 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. Learn more at www.hollywall.com. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and, as such, may involve risks and uncertainties. These forward-looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from those expressed or implied in such forward-looking statements as a result of a wide range of factors. Hollywall Entertainment, Inc. 202-827-2220 info@hollywall.com Corporate Communications: InvestorBrandNetwork (IBN) Los Angeles, California www.InvestorBrandNetwork.com 310.299.1717 Office Editor@InvestorBrandNetwork.com

  • GlobeNewswire

    Hollywall Entertainment Inc. (OTC: HWAL) Capitalizing on 5G Telecom Infrastructure Growth to Expand Broadband Availability

    5G technology is faster than 4G with speeds of 20Gbps and 1ms latencyThe 5G infrastructure would assist Hollywall in the advancement of broadband, especially to rural and minority communitiesThe FCC has provided a new internet subsidy program to credit internet bills to keep families connected through a $3.2 billion federal initiative billThe global 5G infrastructure market was valued at $9.77 billion in 2019 and is expected to grow at a CAGR of 29% through 2026 WASHINGTON, March 22, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – The 5G network has been steadily working its way into existence for a couple of years now, with virtually all major telecommunications providers embracing the new technology. AT&T launched a small, low-band network in November 2019, followed by T-Mobile’s 5G Nationwide 600 MHz network. They followed up in August 2020 by offering the first Standalone 5G network. By the end of 2020, the first 5G smartphones impacted the market, and all major carriers offered the 5G capability (https://nnw.fm/IT4ZE). Even though 5G exists, it does not mean there is much difference at this time between the 4G and 5G network. Much like incorporating the 4G network, which took time, the big advancements from 5G will be no different, but once implemented the technology will provide significant benefits in terms of speed and ease of access. Positioned to leverage 5G in a big way, with speeds of up to 20Gbps and 1ms latency, is the streaming industry, and by extension, industry entities such as Hollywall Entertainment Inc. (OTC: HWAL). As a telecommunications, media, technology, broadcasting and entertainment company, Hollywall serves many of the finest creators, writers, developers, and music artisans (of our time) by providing a business and distribution solution platform to maximize global audience reach. Hollywall owns marketing rights to legacy music and television programming, which allows the company to serve timeless entertainment to a multi-generational audience within the global community. It offers an ever-growing brand of the finest music, film, video, and some of the most memorable live performances. The company is also deeply invested in telecom infrastructure. According to a recently released Market Study Report, the global 5G infrastructure market was valued at $9.77 billion in 2019 and is expected to grow at an impressive CAGR of 29% by 2026 (https://nnw.fm/I5J6o). Hollywall is thus well positioned to capitalize on the expanding 5G infrastructure market to enhance its broadband availability. The implementation of 5G infrastructure will allow the company to facilitate its key telecom initiatives better. Some of these initiatives include: Designing, engineering, constructing, operating, and providing Rural and Urban Wireless and Broadband Telecommunications Network Infrastructure,Fostering, developing, and implementing entrepreneurial and economic development opportunities for minority business enterprises (MBEs),Working in partnership with Historically Black Colleges and Universities (HBCUs) and Tribal Colleges and Universities (TCUs) to solve the challenges of deploying broadband in vulnerable communities, andThe installation of Rural Broadband Connectivity throughout agriculturally-rich communities ensures farmers can maintain and increase sustainable practices using digital tools, among other initiatives of the Company. The company’s initiatives will be further advanced by a recent decision by the Federal Communications Commission (FCC) to approve guidelines for new internet subsidy programs providing low-income families with funding for internet during the pandemic. The FCC’s Emergency Broadband Benefit Program is for low-income families who qualify, providing them with $50 in monthly credit toward internet bills through their internet provider. For those families living on tribal land, assistance for $75 monthly will be available for eligible families, and a one-time $100 discount on a tablet or computer will be included. “This is a program that will help those at risk of digital disconnection,” said FCC acting Chairwoman Jessica Rosenworcel after Congress approved the $3.2 billion for the federal initiative bill. Eligible families include those currently on Medicaid, received a Pell grant, use the Supplemental Nutrition Assistance Program (SNAP), or have lost employment due to the pandemic (https://nnw.fm/Fg4L2). A separate bill in West Virginia, one of the areas served by Hollywall, aims to increase broadband companies’ accountability for any service interruptions. With the passing of House Bill 2002, West Virginia’s broadband will change significantly if signed into law. The adopted bill was passed with 98 in favor, one opposed, and one absent. The bill’s lead sponsor is House Technology and Infrastructure Committee Chairman Daniel Linville, R-Cabell, who said it was “the single most important thing we can do this year, given the COVID-19 pandemic.” (https://nnw.fm/CydDw). If signed into law, this bill will make broadband companies more accountable for outages, repairs and ensuring customers are connected. With a “dig once” policy, broadband companies can use existing reporting from the utility companies as their basis for digging and implanting the lines. The whole process can be expedited as a result. Linville says that he “looks at broadband delivery just as any other delivery service that operates upon infrastructure which the government may build.” These measures fully align with Hollywall’s commitment to developing and implementing solutions aimed at closing the broadband digital divide forced upon the most vulnerable in underserved urban and rural communities across the country. The company continues to expand its business enterprise to numerous city and state municipalities and government agencies throughout the country, including Washington DC, New York, Virginia, Massachusetts, Pennsylvania, Texas and California, as well as within the Blackbelt regions of Alabama, Louisiana, Mississippi, Georgia and North Carolina. About Hollywall Entertainment, Inc. Hollywall Entertainment, Inc. (OTC:HWAL) is a telecommunications, technology, media, entertainment and broadcasting company that operates through its various subsidiaries including: Hollywall Development Company (HWDC), HW Vision and HW Latlong, and multiple divisions to include HW School of Communications, Hollywall Music, Hollywall TV, HW Productions, HW Networks, HWRadio, HWGOV and The Hollywall Foundation. HWAL continues to maximize 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. Learn more at www.hollywall.co​m. This press release contains forward-looking statements within the meaning of​ Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and, as such, may involve risks and uncertainties. These forward-looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from those expressed or implied in such forward-looking statements as a result of a wide range of factors.Hollywall Entertainment, Inc. 202-827-2220 info@hollywall.comWire Service ContactInvestorWire (IW) Los Angeles, Californiawww.InvestorWire.com212.418.1217 OfficeEditor@InvestorWire.com