News out today
........A supernatural thriller based around the popular urban legend of the "Mothman" creature will be the first in a series of feature films to be produced by Allegheny Image Factory for domestic distribution by Hannover House (Pinksheets: TDGI). The new film is planned for production this summer in the West Virginia woods south of Pittsburgh, with partial funding through production tax-incentive assistance from the State of West Virginia.
"We're ecstatic to be expanding our relationship with Allegheny Image Factory and Bob and Jeff Tinnell," said Fred Shefte, President of Hannover House. "Bob and Jeff have terrific production resumes, covering the gamut from major budget studio pictures to micro-budget experimental films. They have solid commercial instincts, and we agree that the 'Mothman Chronicles' is a great way to launch our four picture venture together."
Under the distribution pact, Allegheny will produce two new features per year for both 2012 and 2013 to be distributed in the United States and Canada by Hannover House. International sales rights for the new pictures will be designated later.
As a director, Robert Tinnell's credits cover a variety of commercially successful films, including "Airspeed", "Frankenstein & Me" and "Kids of the Roundtable." Jeffrey Tinnell has extensive feature production experience, including producer and executive producer credit on a dozen or more films. Most recently, Robert and Jeffrey Tinnell produced "Edgar Allan Poe's Requiem for the Damned" for Hannover House, and provided production services for the just-wrapped James Franco directed feature, "Child of God." Hannover House executives Eric Parkinson and Fred Shefte will serve as Executive Producers of "Mothman Chronicles."
In 2002, Sony Pictures released the Lakeshore Entertainment thriller, "The Mothman Prophecies" starring Richard Gere and Laura Linney. The film opened near the top of the box office charts with $11,208,000 on its opening weekend, on its way to an eventual box office gross of more than $35-million in the U.S. Hannover House and Allegheny Image Factory both believe that the audience interest in this popular, legendary creature, merits the new production that the Tinnell brothers will be pursuing.
Hannover House is the operating entity and newly rebranded corporate name for Target Development Group, Inc., traded on the OTC Pinksheets market. Hannover House was formed in 1993 as a book publishing house, and expanded its product offerings to include feature films and DVDs beginning in 2002. The company plans to release seven films to theaters in 2012, and approximately twenty new release DVD titles, along with a mix of catalog promotions and multipacks. The current lead theatrical title for Hannover House in 2012 is the upcoming release of "Toys in the Attic," starring Forest Whitaker, Joan Cusack, Vivian Schilling and Cary Elwes.
