Sears graduated from Robert E. Lee High School in Montgomery and earned his bachelor of arts in mass communications at the University of Alabama in 1974. He worked for eight years at WSFA-TV in Montgomery before moving to Lake Buena Vista, Florida to become the managing photo editor for Walt Disney World's press & publicity department.
Sears then founded the Pachyderm Press in Birmingham to publish coffee table-sized books, specializing in sports photography. Pachyderm produced the official commemorative book of the 2002 Winter Olympic Games in Salt Lake City and the quarterly World Olympian magazine for the World Olympians Association.
Sears is currently working to develop a feature-length documentary film on the emergence of the Muscle Shoals as a music recording center in the 1960s and 70s.
- Sears, Wallace (1996) Bryant Denny Saturday. Birmingham: Pachyderm Press. ISBN 0963950509
- Sears, Wallace (1996) Carolina Panthers Sunday. Birmingham: Pachyderm Press. ISBN 0963950517
- Sears, Wallace D. (1997) Passing the Torch. Birmingham: Pachyderm Press. ISBN 0963950533
- Sears, Wallace, Kim Koenemann (2000) Red, White, Blue & Gold: The U.S. Olympic Team at the Games of the XXVII Olympiad. Birmingham: Pachyderm Press. ISBN 0963950568
- Steinfeld, Darcy (2002) White Gold: The U. S. Olympic Team at the XIX Olympic Winter Games. Birmingham: Pachyderm Press. ISBN 0963950592
- Sears, Wallace, editor (1997) "Passing the torch : Gene Stallings' 70 Victories at Alabama." Birmingham: Collegiate Sports Partners
- Nicholson, Gilbert (August 29, 2003) "Local Olympic publisher draws financial gripes." Birmingham Business Journal
- Corey, Russ (February 23, 2009) "Local music history documentary on tap". Times Daily