Hannover House Builds on Core DVD and Video Sales for Improved Profits in 2012
16 Marzo 2012 - 7:24PM
Hannover House, Inc., the rebranded corporate name for Target
Development Group, Inc., (Pink Sheets:TDGI), reports enhanced
profitability from current sales activities that are more focused
on the company's core home video business, rather than on
theatrical releases which predominated company resources during
2011. For the first quarter of 2012, along with projections
for the second quarter, the company anticipates an overall increase
in revenues of approximately 43% over the same two periods in
2011. However, due to greater profit margins and reduced
capital expenditures, the company forecasts a more significant
bottom line improvement in the range of 128% over the previous
year's results. Hannover House has been profitable every
quarter since becoming part of Target Development Group, Inc.,
effective back in January, 2010.
"Releasing titles directly to the home video and VOD markets is
simply more efficient and less cash intensive than theatrical
releases," said D. Frederick Shefte, President of Hannover
House. "A limited theatrical release campaign has been costing
the company in the range of $200,000 or more per title, whereas
that same amount could fund the release of up to ten titles for the
home video market. Our direct-to-video titles have
collectively and consistently outperformed the theatrical titles in
both revenues and profits. Conventional wisdom suggests that a
successful theatrical release can provide a locomotive pull for
other titles in an independent distributor's catalog. So,
while we will not be abandoning the theatrical business, we will be
maturing into a more sophisticated approach for future theatrical
titles. Already this year, we are seeing positive results
from our current model of balancing these two revenue streams."
Despite the company's renewed commitment to the home video
market, Hannover House is gearing up for what it anticipates will
be the company's most commercial theatrical release to
date. This summer, Hannover House will release the acclaimed,
award-winning film, "Toys in the Attic," featuring Forest Whitaker,
Joan Cusack and Cary Elwes providing voice talent for the stop
motion animated toys that were meticulously brought to life by
Czech filmmaker Jiri Barta. In its original Czech language
version, "Toys in the Attic" won the grand prize at the New York
International Children's Film Festival. The English language
version will be far more audience friendly, predicts Eric
Parkinson, CEO of Hannover House.
"This is an amazingly visual film, and our English adaptation
has made it an equally amazing sounding film," said
Parkinson. "It's unique, enchanting, family-friendly and
artistically credible. We believe the film has a multi-million
dollar box office potential, and that it could be the company's
highest grossing title for 2012," he continued.
Hannover House is exploring possible cross-promotional and
sponsorship opportunities to support the theatrical and home video
releases of "Toys in the Attic." Last year, Hannover House
brought in SeaWorld to assist with the release of the "Turtle: The
Incredible Journey." For prior releases, Parkinson has
structured film cross-promotions with a variety of major sponsors
including McDonalds, Pizza Hut, American Airlines, VISA and the
Children's Miracle Network.
"There are several significant players in the consumer products
arena that are realistic partners for Hannover House with this
film," said Parkinson. "There literally is nothing else out
there in the marketplace like 'Toys in the Attic,' and we think we
can build on this strength to deliver a high-profile,
highly-visible theatrical release."
Regarding DVD, Blu-Ray and Video-On-Demand, titles being
released by Hannover House during the first two quarters of 2012
include: "All's Faire In Love", "Boggy Creek", "Cook County",
"Pink Skies", "Edgar Allan Poe's Requiem for the Damned", "Humans
Vs. Zombies", "Buried Alive" and four new multi-pack configurations
from the company's film library.
Press & Media: For More Information,
contact: Leigha Schilling, 479-751-4500,
Leigha@HannoverHouse.com
Safe Harbor Statement and Disclaimer
This news release includes "forward looking statements" within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement
identified by the words "expects", "projects", "plans", and certain
of the other foregoing statements may be deemed forward-looking
statements. Although Hannover House believes that the expectations
reflected in such forward-looking statements are reasonable, these
statements involve risks and uncertainties that may cause actual
future activities and results to be materially different from those
suggested or described in this news release. These include risks
related to unexpected adverse developments in the status of the
properties, or other unanticipated occurrences.
CONTACT: Press & Media:
Leigha Schilling
479-751-4500
Leigha@HannoverHouse.com
Grafico Azioni Hannover House (PK) (USOTC:HHSE)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Hannover House (PK) (USOTC:HHSE)
Storico
Da Lug 2023 a Lug 2024