LAS VEGAS, NV – August 20, 2024. Hollywall Entertainment, Inc. (OTC PINK: HWAL) ("Hollywall"), an innovative technology incubation holding company issues current corporate transition update statement to its shareholders.

As part of HWAL’s continuing transition and growth plan, several actions are underway or have already been taken, including:

• HWAL has successfully completed the cancellation and return of 51,082,262 common shares to the treasury, as part of its planned share reduction initiative.
• HWAL is committed to retiring the company's outstanding convertible debt and implementing a share buyback and retirement plan.
• Plans to pay a cash dividend to shareholders from company operations and proceeds from the future sale of the Music Library
•  Endeavoring to identify one or more suitable merger and/or acquisition candidates.
• HWAL has completed its first equity swap with CRTD.

In preparation for future cash and/or stock dividend distribution and in the effort to mitigate any short selling activities in HWAL’s securities, HWAL is suggesting to all shareholders for them to request all free trading shares of common stock they hold to be transferred out of brokerage accounts to the company’s corporate transfer agent, VStock Transfer and to be held in the shareholders name in book entry

Recent Activities by HWAL

HWAL's subsidiary, Melody Trust LLC (www.melodytrust.com), formed a new record label "Lunar Records" (www.lunarrecords.com) in partnership with SpaceBlue (www.spaceblue.club) for the specific curation of the "Lunaprise Moon Museum."

This museum was aboard a payload in the SpaceX Falcon 9, which launched from Cape Canaveral, Florida, on February 15, 2024. The Lunar spacecraft named Odysseus successfully landed on the Moon on February 22, 2024, also carrying the Lunaprise Moon Museum.

Moon Landing Put Music From Elvis, Bob Marley, Hendrix on Moon Surface (billboard.com)

Lunar Records has release its first two digital music compilations titled "Summer of Love" on Tune.FM https://tune.fm/@LunarRecords

Decentralized Music Platform Gets Its Hands On Unreleased Hendrix, Marley, and More - Rolling Stone UK

About Melody Trust

Melody Trust, Inc. www.melodytrust.com owns a music catalog consisting of over 17,500 legendary music master recordings performed by legends Icons such 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, 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 Melody Trust music recordings have been preserved in a private vault for over 30 years and contain some of the rarest and most coveted unpublished recordings from countless Legendary Iconic Music Recording Artists.

Melody Trust was formed to protect and safeguard the royalty interests held by the music performers and music composers that produced the Melody Music catalog throughout the past century.

Melody Trust has recently signed several strategic partnerships that will enable the company to garner tremendous revenues over the next five years from the distribution and licensing of the songs through numerous outlets, to include streaming music, placement of music in TV and films, new compilation releases, digital NFTs and other private collection sales.

About Hollywall Entertainment, Inc.

Hollywall Entertainment, Inc. (OTC Pink: HWAL), is an emerging publicly traded company that is engaged in the development and acquisition of technology, media, and entertainment content, through its diverse range of subsidiaries and divisions. Hollywall remains dedicated to innovation and continuously adapts to the ever- evolving landscape of the new tech industries. please visit www.hollywall.com

Corporate Communications:

Facebook: https://www.facebook.com/HWAL.Hollywall

Twitter: https://twitter.com/theHollywall

Instagram: https://www.instagram.com/thehollywall

HWAL: https://hollywall.com

Investor Relations Contact: info@hollywall.com

702-381-2150

Safe Harbor Forward-Looking Statements:

This press release and the statements of representatives of Hollywall Entertainment, Inc. (the "Company") related thereto contain, or may contain, among other things, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as "guidance," "projects," "may," "could," "would," "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "ultimately" or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results (including, without limitation, the Company’s ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.