A Holographic Versatile Disc (HVD) system, using Collinear Technologies for a high capacity and high data transfer rates storage system, is proposed. With its unique configuration the optical pickup can be designed as small as a DVD's, and can be placed on one side of the disc. With the HVD's special structure, the system can servo the focus/track and locate reading/writing address. A unique selectable capacity recording format of HVD and its standardization activity are also introduced. Experimental and theoretical studies suggest that the tilt, wavelength, defocus and de-track margins are wide enough to miniaturize the HVD system at a low cost. HVD systems using Collinear Technologies will be compatible with existing disc storage systems, like CD and DVD, and will enable us to expand its applications into other optical information storage systems.