TDGI News Newly Rebranded Hannover House Outlines

TDGI News Newly Rebranded Hannover House Outlines Operational and Growth Plans for 2012

2012-04-03 10:43 ET - News Release

New York, NY, April 3, 2012 (GLOBE NEWSWIRE) -- On the first day of trading under the new corporate name and ticker symbol, Hannover House, Inc. (Pinksheets: HHSE), released an outline of current and upcoming corporate activities for the benefit of new and prospective shareholders.  Prior to today's official acknowledgment of corporate name and trading symbol change by FINRA and the OTC Markets, Hannover House, Inc. had been the operating division of Target Development Group, Inc.

BUSINESS OVERVIEW - Hannover House, Inc. is one of only twelve full-service independent entertainment companies servicing the USA Market (the other companies involved in similar activities include all of the Major Studios, plus major independents such as Lionsgate-Summit, and specialty players such as Anchor Bay Entertainment, Echo Bridge, Phase 4 and Gaiam). Hannover House was formed in 1993 as a book publisher, and added DVD products in 2002.  The company added theatrical release activities to the roster in 2008, with a significant expansion of theatrical activities in 2010.  Presently, the company is concentrating primarily on a solid monthly "home video" release slate (which includes DVD, Blu-Ray and Video-on-Demand releases), to supplement the higher-profile (but less frequent) theatrically released titles.  Hannover House, Inc. posted year-over-year sales gains in 2011 of 373% with year-over-year profit gains of 246%.  For 2012, the company is forecasting sales growth of more than 100% over the 2011 results.  The company's primary office and warehouse are located in Springdale, Arkansas, due in part to the proximity to the world headquarters for Wal-Mart Stores, Inc., which represents over thirty-five percent of the company's current home video sales.

RELEASE OVERVIEW - For calendar year, 2012, the company is on target to release at least one new title each month to the home video market, with six films slated for theatrical release and five new release books scheduled for publication.  The current best-selling DVD release for the company currently in stores is "Boggy Creek: The Legend is True."  The upcoming release of "Humans vs Zombies" is on track to be the company's highest grossing, direct-released home video title based on substantial pre-orders received from Wal-Mart, Blockbuster, Redbox and others.  The company's top theatrical title for summer 2012 is expected to be the acclaimed and award winning feature, "Toys in the Attic" featuring Forest Whitaker, Joan Cusack and Cary Elwes.