NASHVILLE, Tenn., Sept. 19, 2016 /PRNewswire/ -- Hollywall Entertainment, Inc., (OTC Pink: HWAL), announced today that they have completed the due diligence with ASG Entertainment and will be moving forward to finalize the acquisition. All of the ASG Entertainment operations will be facilitated under the newly formed, wholly-owned subsidiary, Aspire Hollywall, Inc.
ABOUT ASG ENTERTAINMENT
ASG Entertainment (ASGE), www.asgentertainment.com is a uniquely integrated company that offers a wide range of services to the Sports and Entertainment industries. ASGE uses a combination of Film, Television, Sports, Music, Predictive Technology, and Tax Advantages with low infrastructure and product cost basis to produce multiple revenue streams that can be highly profitable, with safety coming from diversity. ASGE's subsidiaries include, ASGE Aspire, our film and television division, ASGE Sports, ASGE Analytics, and ASGE King Music. In addition to creating and producing its own proprietary film and television content, ASGE will align with, invest in, acquire and accumulate a diversified portfolio of ownership interests in sports related businesses and companies in film, television projects, technology, and media.
Robert Maerz, Chairman and CEO of ASG Entertainment stated, "I have been familiar for many years with the media library assets currently owned by Hollywall. I have always felt that this library is perhaps one of the best one could ever own. The titles are representative of the modern music industry, that were written, produced, and performed by some of the most notable artists in the last century, the library transcends all genres of songs and artists. This in conjunction with the some of the software games, films, and television titles is a treasure trove of modern media history. I feel that there is enormous potential value that can be re-formatted and programmed to be released on the digital platforms that are transforming our industry. Additionally, we at ASG Entertainment are focused on creating values driven family entertainment, this is a similar focus and belief that is held by the management of Hollywall and Darnell Sutton the President and Founder of Hollywall. Many of the projects and services that we have with ASG will work well within the fabric envisioned by Darnell for Hollywall. The anticipated release of our feature film, Bordercross and the children's mystery-adventure television show, Night and Day nearing completion of development will be a great fit for the Hollywall model. Additionally, for many of our operations to be located within the state of Georgia will better enable us to take advantage of the very favorable tax benefits and incentives that are offered by the state. The state of Georgia has become one of the preeminent states for film and television production with such notable production facilities such as Marvel, Pinewood Studios, and Tyler Perry Studios. With a public vehicle such as Hollywall we will have better access to capital to grow our companies. The senior management of ASGE is experienced and is positioned to assist with and enhance the effective performance for the unified companies moving forward, creating value and to perpetuate a legacy that we and our shareholders will benefit from and be proud of."
Hollywall Entertainment, Inc. has recently appointed Robert, "Bob" Maerz as President, Alice Neuhauser as CFO, Marty Fink as Chief Risk Management Officer, Charles Theiss as Chief Strategic Media/Technology Officer, and Marlene Klingeman as Chief Administrative Officer to their management team. Comprehensive Bios of the management team are presently still available at www.asgentertainment.com and post-acquisition will be available at www.hollywall.com.
Hollywall Entertainment's, CEO and Chairman, Darnell Sutton, states, " Hollywall's ever growing reputation as a developer of high- quality family entertainment, has been greatly enhanced by the acquisition of this very exciting brand. It continues our strategic focus on creating and monetizing the world's finest content, innovative technologies and global growth to drive long term shareholder value. Always Something Good Entertainment (ASGE) reflects the extraordinary passion, vision and creative storytelling of its most innovative founder, Robert Maerz. We are honored and thrilled to join forces with Bob and his very talented team to continue to deliver exceptional content to audiences around the world. I am personally looking forward to working in partnership with Bob, as his leadership skills, experience and wide-ranging reach are clearly compatible with the vision of Hollywall's bright and successful future. To quote from the title of the #1 hit song of one of the entertainment industries most beloved treasures and one of HW's most esteemed clients and stakeholders, MC Hammer...It's All Good!"
ABOUT HOLLYWALL ENTERTAINMENT INC.
Hollywall Entertainment, Inc., www.hollywall.com, is a multifaceted media and entertainment company engaged in maximizing rights to its music, film, television, home videos and software game libraries. The company is developing a digital distribution and verification system to improve customer delivery, quality control and revenues for artists, writers, content developers, copyright owners and shareholders. Hollywall owns exclusive and non-exclusive rights to market, manufacture and distribute over 17,500 songs from Music Recording Masters. Hollywall's recorded music master rights consist of all the "Proprietary Rights," as outlined in its original contracts on file. The master recordings contain performances by such legends as Ray Charles, Ella Fitzgerald, The Jackson 5, Frank Sinatra, Dolly Parton, Elvis Presley, Tony Bennett, The Bee Gees, Chicago, 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. The music master recordings include songs that have never been released in addition to songs that have been released by other record companies which hold similar licensing rights to market the songs.
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 the expressed or implied in such forward-looking statements as a result of a wide range of factors.
Hollywall Entertainment, Inc.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hollywall-entertainment-inc-moves-forward-with-purchase-of-always-something-good-entertainment-inc-dba-asg-entertainment-300330062.html
SOURCE Hollywall Entertainment, Inc.