CornerWorld Corporation (OTCPK:CWRL) announced the spin off of Woodland Holdings Corp. to the shareholders of CornerWorld Corporation on August 10, 2015. As per the terms of the transaction, CornerWorld Corporation shareholders' will receive 1 share of Woodland Holdings Corp. for every share of CornerWorld Corporation held by them as at the record date of September 30, 2015. Once the Registration Statement becomes effective and regulatory approval received, Woodland Holdings' shares are expected to be free-trading on the OTCXB exchange. On October 14, 2015, the US Securities and Exchange Commission formally informed CornerWorld Corporation that Woodland's registration statement had become effective, clearing the way for the Spin-off. Woodland negative revenues of $0.24 million, operating income of $0.05 million and n income of $0.06 million in 2014. As of November 9, 2015, the record date was changed to November 30, 2015. The Board of CornerWorld Corporation approved the deal on August 10, 2015.

CornerWorld Corporation (OTCPK:CWRL) completed the spin off of Woodland Holdings Corp. to the shareholders of CornerWorld Corporation on December 31, 2015. The record date is taken as December 31, 2015.