Hannover House Revenues Up 373% and Profits Up 246%

New Post Public Reply Private Reply Replies (0) Message Board
PowerPuncher hyrpowr #200

Hannover House Revenues Up 373% and Profits Up 246% in Year-to-Year 2010 and 2011 Annual Results

Target Dev Group (PC) (USOTC:TDGI)
Intraday Stock Chart

Today : Tuesday 13 March 2012

Click Here for more Target Dev Group (PC) Charts.

Hannover House, Inc., the rebranded name for Target Development Group, Inc. (Pinksheets: TDGI), posted significant gains in both revenues and bottom line results for the 12-month period ending  December 31 , 2011.  Revenues for 2011 grew from 2010's total of  $911,422 to $4,319,087  for 2011, and bottom line (pre-tax) profits grew from  $404,559  in 2010 to  $1,400,684  for 2011, the company reported.

"While these gains are significant, we must acknowledge that 2010 was a build-up year for acquisitions and infrastructure and we were starting from a modest revenue base," said  Fred Shefte , President.  "We expected 2011 to be significantly better than the results for 2010, just in the same way that we anticipate that our enhanced release activities for 2012 will have significant gains over 2011.  We think that what's most notable is our ability to generate bottom line profits on modest revenues due to our limited overhead and efficient  marketing  strategies," he concluded.

Theatrical releases for Hannover House during 2011 included: "Turtle: The Incredible Journey" (90 playdates), "All's Faire In Love"  (95 playdates) and "Cook County" (7 playdates).  Video releases for Hannover House during 2011 included:  "Twelve," "Chelsea on the Rocks," "Boggy Creek" and "Turtle: The Incredible Journey."  During the first quarter of 2012, Hannover House has released three new titles to the domestic home video market,  "All's Faire In Love,"  " Edgar Allan Poe 's Requiem for the Damned" and "Pink Skies," as well as announced a multipack product line featuring the Family Movie Night (four films), the Martial Arts Marathon (nine films), the Horror Hits (four films), the Gladiators Pack (four films), the Jules Verne Classics (three films) and the Antonio Aguilar Colecion (four films).  During Q2 of 2012, the company will be releasing "Cook County," "Humans Vs. Zombies" and "Buried Alive" to home video, in addition to launching the theatrical releases of "Toys in the Attic," "The Weather Station" and "Asalto Al Cine."  Hannover House has at least one new title slated for home video release during each month of 2012.

The 2011 results include voluntary write-downs of  $515,400  in questionable accounts receivable, prepaid wages and producer recoupments, under auditor's advisement.  The company also voluntarily reduced the valuation of its film library during 2011 by  $1,928,585  in order to remove discontinued or underperforming titles.  The company has not yet added back into the Library Report the valuations for titles acquired during 2011.

The Hannover House stock (Pinksheets: TDGI) is currently  trading  at  $.03  per share, reflecting a price-earnings ratio of approximately 10.3X.  The entertainment industry sector average price-earnings ratio is 20.5X, with some companies, such as Lionsgate, trading at more than 50X.

PRESS / MEDIA – for more information contact  Fred Shefte  at Hannover House,  Fred@HannoverHouse.com ,479-751-4500

Hannover House Inc. (HHSE) Stock Research Links

HHSE Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Celebrating Appalachian Soul with Aristotle Jones

Updated Category News Views 5

Igniting a Celebration of Appalachian Soul Now here's a sound that hits you right in the gut. Aristotle Jones, known out there as the 'Appalachian Soul Man,' is making a big move. He's laying out the plan to make July the Appalachian Soul Month. This fellow isn't shy about celebrating the deep roots of Appalachian music, dropping his album Appalachian Soul Power and a new...

Continue Reading
Omneky Integrates AI Growth Agent With Slack for Ads

Updated Category News Views 3

Omneky's New Move: AI Growth Agent Meets Slack Picture this: You've got a marketing team hustling in the digital age, and now they've got a new ally. Omneky, the big-wig in autonomous AI growth, has snuck its AI Growth Agent right into Slack. This isn't just a party trick during Dreamforce week in San Francisco. This is Omneky throwing another cog into the advertising...

Continue Reading
American Savings Bank Surges 6% on NYSE Debut

Updated Category News Views 5

American Savings Bank Lands with a Bang on NYSE Who would have thought American Savings Bank's (NYSE: ASBH) entry onto the stock market would start with such gusto? It's not every day you see a debut that impressive, with shares soaring 6.25% right out of the gate. Guess it's safe to say the folks over at ASBH did something right in the lead-up to their NYSE launch. CEO...

Continue Reading
Bud Ecosystem Debuts AIOS, Aims to Slash Costs

Updated Category News Views 7

AI Fragmentation Tax: Cut It Out! Look, if you think AI is all about fancy algorithms and self-learning voodoo, you're missing the plot. It's the nuts and bolts—the infrastructure—that's been bleeding enterprises dry. That's where Bud Ecosystem comes thrashing in with its Novaria AIOS. They're not just promising a tiny tune-up; they're talking slashing AI costs by a...

Continue Reading
Airswift's Strategic Acquisition Boosts U.S. Energy Presence

Updated Category News Views 5

What's Driving Airswift's Latest Expansion? Airswift just dropped a bombshell by snapping up key businesses from New Tech Global (NTG), marking a serious power move in the U.S. energy sector. Now, what does this actually mean for investors? In blunt terms: they're muscling up their contractor base by a meaty 30%. That's no small feat. It's a calculated step to ace the...

Continue Reading
Linkind's Light Stick Revolutionizes Retail Lighting Experience

Updated Category News Views 5

Transforming Lighting in Retail Spaces Folks, let's talk lighting. Not the humdrum switch-you-on kind, but something much snazzier, more customized, and downright interactive. I'm talking about Linkind's latest brainchild—the Smart Light Stick. Launched amidst the neon rush of tm:rw in New York City, this gizmo isn't just another bulb in the home improvement aisle. It's...

Continue Reading
Guaranteed Roof Expands with EM Exteriors through LB Capital

Updated Category News Views 5

A Bold Move to Elevate Roofing Standards In a move that seems to jolt the roofing industry awake, Guaranteed Roof is taking the wraps off its new strategic partnership with LB Capital and EM Exteriors. Think of it as a power trio aiming to redefine what roofing solutions should mean in the Southeast. It’s the kind of news that makes you sit up and ask, why now and why...

Continue Reading
Beetles Gel Polish Unveils Vibrant Fall Nail Carnival

Updated Category News Views 6

Beetles Gel Polish Launches Fall Nail Carnival Here comes a new twist on fall fashion, and no, it ain’t your grandma's knitted sweater. We're talking nail polish—a vibrant, flashy ordeal brought to you by Beetles Gel Polish with their Fall Nail Carnival. They're rolling out this spectacle not just for your visions of grandeur nail ideas, but for those seeking deals...

Continue Reading
Chad Tucker's Sequel Explores Deep Spiritual Themes

Updated Category News Views 5

An Honest Take: Faith, Growth, and Surrender A player in the world of spiritual growth literature has stepped up again, and it ain't holding back. Chad Tucker, a name perhaps familiar to folks following transformation tales soaked with faith, has released a beefy sequel to his first hit: The Lord in Us: If You Can Love an Enemy, You Can Love Anyone. Well, now he's back...

Continue Reading
EnGenius Names Experienced VP to Boost Sales Growth

Updated Category News Views 3

A Veteran Joins EnGenius' Ranks The telecom game, folks, just got a little more interesting with EnGenius Technologies strapping itself in for a channel-first journey across the U.S. and Canada. They've placed a seasoned player, Rachel Saunders, into the cockpit as Vice President of Sales, North America. Her resume reads like a telecom scout's dream: 17 years in electric...

Continue Reading

Top 5 Most Recently Viewed Articles

Investing in Union Pacific: A 15-Year Journey of Growth

Updated Category News Views 239

Exploring Long-Term Investment Returns with Union Pacific Investing in the stock market can often yield surprising and rewarding results, especially when looking at a company like Union Pacific (NYSE: UNP). Over the past 15 years, Union Pacific has not only met investor expectations but has significantly exceeded them, showcasing impressive annualized returns. This...

Continue Reading
ACRES Commercial Realty Unveils Significant Dividend Announcements

Updated Category News Views 169

ACRES Commercial Realty Declares Cash Dividends ACRES Commercial Realty Corp. (NYSE: ACR) recently made an important announcement regarding cash dividends for its Preferred Stock. The Board of Directors has declared a cash dividend, enhancing the financial interest of shareholders in the Company. Details of the Preferred Stock Dividends The dividend for the 8.625%...

Continue Reading
Understanding Cigna's Short Selling Trends and Insights

Updated Category News Views 103

Examining Cigna's Short Interest Trends Cigna's short interest currently sits at 3.34 million shares sold short. This figure has decreased by 3.23% since the last report, which translates to roughly 1.2% of the total shares available for trading. Considering the current trading volume, traders would need about 3.22 days, on average, to cover these short positions. Why...

Continue Reading
Balentine and FJ Management: A Partnership for Growth

Updated Category News Views 282

Balentine Partners with FJ Management for Future Growth Balentine LLC, a wealth management firm based in Atlanta with additional offices in Raleigh, recently announced a strategic partnership with FJ Management (FJM). This partnership involves a significant investment of 20 percent from FJ Management and aims to secure future growth and stability for Balentine. Notably,...

Continue Reading
Motel 6 Empowers Musicians Through Exciting Songwriting Contest

Updated Category News Views 55

Motel 6 Launches a Songwriting Contest for Aspiring Musicians Motel 6, the popular budget hotel chain, is thrilled to present a fantastic opportunity for up-and-coming artists. This contest aims to uplift talented musicians who want to take their music on the road. Touring can be tough, filled with high costs and logistical hurdles, but this initiative is here to help...

Continue Reading