Hannover on Target for Major Title Acquisitions
31 Dicembre 2009 - 8:15PM
Marketwired
Hannover House, the film and video distribution division of Target
Development Group, Inc. (PINKSHEETS: TDGI) (Other:
www.TargetDevelopmentGroup.com, www.HannoverHouse.com), is closing
in on the acquisition of distribution rights for three additional
feature films described by the company as "major profile releases
with significant commercial value for the theatrical, video and
television markets."
These new titles will supplement the company's existing release
slate of approximately 30 video releases, 4 theatrical releases and
5 new release book properties already set for release during 2010.
Hannover will also implement several catalog sales promotions in
support of the company's extensive library of DVD and Blu-ray
properties.
"We're encouraged by the quality and quantity of new films being
offered to Hannover House now that we've joined forces with Target
Development Group," said C.E.O. Eric Parkinson. "The company is
uniquely positioned to provide access to theaters, video retailers
and television outlets throughout North America, and our management
team is known and respected within the industry. The marriage of
Hannover House into Target was the catalyst for obtaining new
credit funding and off-balance-sheet financing opportunities that
have made the acquisition of major titles both realistic and
obtainable."
Each of the four theatrical titles already acquired by Hannover
House and Target Development Group will be individually announced
during January. Pending approval from licensors, Hannover and
Target plan to announce details of new acquisition titles at the
Sundance Film Festival, occurring in late January in Park City,
Utah.
The corporate websites for both Hannover House and Target
Development Group have been substantially updated and redesigned,
but have not yet been published live onto the internet as the
company awaits formal announcement of each of the key titles.
Additionally, the company plans to post consolidated 2009 year-end
results by Friday, January 8, along with a management discussion
and revenue forecasts for Q1, 2010.
"This is an exciting time for Hannover and Target," Parkinson
continued. "Producers and program rights owners are actively
seeking deals with us which will enable us to achieve our goals
more quickly than originally anticipated."
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.
Contact: For more information contact: Richard Prudenti Director
of Marketing & Publicity 479-751-4500
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