Target Development Group and Hannover House Enter Into Film Library Ventures With Elite Entertainment and FOCUSfilm Entertainmen
16 Dicembre 2009 - 9:24PM
Marketwired
Hannover House, the film and video distribution division of Target
Development Group, Inc. (PINKSHEETS: TDGI) (Other:
www.TargetDevelopmentGroup.com, www.HannoverHouse.com), has entered
into a distribution venture to become the exclusive USA DVD and
Blu-Ray distributor for the Elite Entertainment and FOCUSfilm
Entertainment libraries, collectively adding more than 60 catalog
titles and up to 20 new release titles to the Hannover House
roster.
The distribution pact was negotiated between Target and Hannover
President D. Frederick Shefte and Vini Bancalari, president of
Elite Entertainment, Inc. and partner in FOCUSfilm Entertainment.
The agreement was activated this week through the initial funds
transfer from Hannover House, with additional installment payments
slated over the coming months. Actual sales representation of the
Elite and FOCUSfilm titles will commence in January 2010.
The Elite Entertainment label is the premiere science-fiction,
fantasy and horror film independent video supplier in North
America. Key titles include director Philippe Mora's
alien-abduction masterpiece, "Communion" starring Christopher
Walken; the big-foot monster classic, "Boggy Creek 2: The Legend
Continues"; "Savage Harvest 2: October Blood"; and the 10-title
horror series, "The Fearmakers Collection." The FOCUSfilm library
contains a wide range of classics and international cinema
favorites including multipacks of "Sherlock Holmes," "Ryder P.I."
and the Orson Welles boxed set, "Citizen Welles." Additional
titles, trailers and more information are posted at
www.EliteDisc.com.
"This is an ideal marriage for both companies," Shefte said.
"Elite and FOCUSFilm were looking to expand their distribution
reach while Hannover House was looking to acquire more programming
to present to our large and growing customer base. We feel uniquely
qualified to maximize revenues from their catalog titles, and build
on their exciting new release titles coming in 2010 and 2011."
"It's a multimillion dollar opportunity that adds significantly
to Hannover's product roster and market credibility," he added.
SAFE HARBOR STATEMENT
This press release may contain certain forward-looking
statements within the meaning of Sections 27A & 21E of the
amended Securities and Exchange Acts of 1933-34, which are intended
to be covered by the safe harbors created thereby. Although the
company believes that the assumptions underlying the
forward-looking statements contained herein are reasonable, there
can be no assurance that these statements included in this press
release will prove accurate.
For more information on Target Development Group, Inc. and
Hannover House, contact D. Frederick Shefte at 479-751-4500 /
email: dfs.hannoverhouse@sbcglobal.net.
Contact: D. Frederick Shefte 479-751-4500 Email Contact
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