Business
Hollywall Entertainment has entered into a Letter of Intent to purchase ASG Entertainment, Inc.
Hollywall Entertainment has entered into a Letter of Intent to purchase ASG Entertainment, Inc..
About this update from Hollywall Entertainment Inc.
[{"type":"text","content":"August 15, 2016 Nashville, Tennessee. Hollywall Entertainment, Inc., (OTC Pink:\nHWAL), announced today that the company has entered into a letter of intent to purchase\nASG Entertainment, Inc. \n\nASG\nENTERTAINMENT \n\nASG Entertainment (ASGE), www.asgentertainment.com\nis a uniquely integrated company that offers a wide range of services to the\nSports and Entertainment industries. ASGE uses a combination of Film,\nTelevision, Sports, Music, Predictive Technology, and Tax Advantages with low\ninfrastructure and product cost basis to produce multiple revenue streams that\ncan be highly profitable, with safety coming from diversity. ASGE’s\nsubsidiaries include, ASGE Aspire, our film and television division, ASGE\nSports, ASGE Analytics, and ASGE King Music. In addition to creating and\nproducing its own proprietary film and television content, ASGE will align\nwith, invest in, acquire and accumulate a diversified portfolio of ownership\ninterests in sports related businesses and companies in film, television\nprojects, technology, and media. \n\nRobert Maerz, Chairman and CEO\nof ASG Entertainment, Inc, stated, “I have been familiar for many years with\nthe media library assets currently owned by Hollywall. I have always felt that\nthis library is perhaps one of the best one could ever own. The titles are\nrepresentative of the modern music industry, that were written, produced, and\nperformed by some of the most notable artists in the last century, the library\ntranscends all genres of songs and artists. This in conjunction with the some\nof the software games, films, and television titles is a treasure trove of\nmodern media history. I feel that there is enormous potential value that can be\nre-formatted and programmed to be released on the digital platforms that are\ntransforming our industry. Additionally, we at ASG Entertainment are focused on\ncreating values driven family entertainment, this is a similar focus and belief\nthat is held by the management of HWAL and Darnell Sutton the President and\nFounder of Hollywall. Many of the projects and services that we have with ASG will\nwork well within the fabric envisioned by Darnell for Hollywall. With a public\nvehicle we will have better access to capital to grow our companies. The senior\nmanagement of ASG is experienced and is positioned to assist with and en...