Over the past twenty years, Hannover
House, Inc., (OTC: HHSE), has grown from a boutique book publisher
into a full-service media company and brand name. Now, as the first studio
distributor with a dedicated Roku-enabled IPTV site, Hannover House
is positioned for explosive growth as a one-stop consolidator for
film, television and video programming. As the company?s activities are
attracting new investors and media partners, Hannover House
principals Eric Parkinson (C.E.O.) and Fred Shefte (President),
have released the following business overview.
VODwiz. Current activities for Hannover
House include the beta-launch (and forthcoming consumer roll-out)
of the pay-per-video / video-on-demand portal known as
VODwiz. This new
destination website and IPTV Channel is a venture with San
Jose-based NanoTech Entertainment, and is designed as a destination
site for consumers to stream thousands of independent films and
major studio titles directly into their home televisions,
computers, over the internet or through any WiFi-enabled device
(including cell phones, tablets and most e-Reader
devices). The VODwiz
beta site can be accessed through Roku-enabled set-top devices or
through the internet at www.VODwiz.com. Over the
next few weeks and months, titles will be added from more than a
dozen studio labels, with a short-term goal of 2,000 or more titles
for streaming.
Long-term, VODwiz wants to be a destination choice for any and all
mainstream and independent programming available on a Pay-Per-View
or Video-On-Demand basis. Existing V.O.D. sites, such as
Netflix and I-Tunes have a very limited selection of titles, often
limited to major studio hits. The vision for VODwiz is to allow
consumers to select whatever titles they want to watch, with
transactional prices ranging from $.99 to $2.99 for most
programming, with premium pricing for special events and selected
major studio titles.
The VODwiz website and IPTV Channel have
been designed and launched through a venture with NanoTech
Entertainment. Current
titles on the beta-test are from the Hannover House film library,
with new studio partners being added (and announced) beginning this
month. Hannover
managers feel that the VODwiz venture offer presents a major
revenue opportunity for the company based on industry data for
existing Video-On-Demand sites and the strong support that the
VODwiz concept has received from the independent film distribution
community. Delivery of
films to consumers via Video-On-Demand methods enables Hannover
House to avoid the costs of manufacturing, shipping and storing of
videos, and also results in a near-instantaneous payment
transaction.
DVD & Blu-Ray
Products.
Over the past three years, consumer packaged home video products
have generated the majority of revenues for Hannover House, and are
expected to continue to be a major component of the company?s
ongoing operations.
During 2013, the company has scheduled the release of twenty titles
for the North American home video market, including the current
release of ?Zombie Warz? (available for rental through Redbox,
beginning August 13, and available for purchase at Wal-Mart Stores
nationwide, beginning Sept. 10). Consumer friendly-genres of
horror films, science-fiction and family dominate the home video
slate for Hannover House. DVD & Blu-Ray products
comprised over 85% of company revenues in 2010, and continue to
grow for Hannover House, despite a general erosion in the
marketplace in favor of the higher-margin, Video-On-Demand
streaming model. As
new technologies evolve for the delivery of entertainment
programming, Hannover House is committed to maintaining a
leadership role in entertainment distribution, regardless of format
and media.
Previously released DVD & Blu-Ray
titles for Hannover House during 2013 include: ?Toys in the Attic? (Animation),
?Fathers of the Sport? (Sports Documentary) and ?Zombie Warz: Falls
the Shadow? (Sci-Fi / Horror). Upcoming releases include the
horror-thriller titles ?To.Get.Her: The Spring Break Murders?,
?Ingloda: The Possession Within?, ?Amityville Asylum?,
?Frankenstein: Day of the Beast?, ?The Coffin?, ?Valley of the
Witch? and ?The Midnight Horror Show.? Other upcoming DVD & Blu-Ray
releases include ?Arkansas Razorback Football 2013? (Sports
Documentary), ?Sunshine? (Urban-Action), ?The Jules Verne Classics?
(Animation) and foreign language features ?The Weather Station?
(Russia, Thriller), ?Asalto Al Cine? (Mexico, Action), ?Borrar de
la Memoria? (Mexico, Thriller) and the ?Antonio Aguilar Colecion?
(Mexico, Comedy).
Hannover House is looking at a year-over-year increase of more than
35% from its home video activities in 2013.
Publishing &
Books. This
year, Hannover House has launched a major campaign into expanding
the company?s book publishing activities. With five new ?print? edition
books and eight new ?eBook? format releases, the publishing side is
emerging as a major revenue contributor for Hannover House in
2013. Print edition
releases include ?One of the Lucky Ones? by Brenda Hancock (WWII
biography) now in release, and the September releases of ?Sable
Shore? by James Danielson (Fiction / Mystery) and ?Blind Vision? by
Vivian Jeanette Kaplan (Fiction / History). Fourth quarter new book releases
include the John Lennon biography, ?Lennon Bermuda? by Scott Neil
(Non-Fiction / Biography), and the Kennedy Assassination
blockbuster, ?The Verdict? by Barr McClellan (Non-Fiction /
History). Three
Hannover House titles were released this week onto the Amazon
Kindle platform, and are expected to be available imminently
through the Barnes & Noble Nook platform and other eBook retail
sources.
"The Verdict: Justice for John Kennedy,
Justice for America? by Barr McClellan, is expected to be the
Company?s top selling new release book in 2013. The non-fiction
expose? reveals specific details of the plot and the players
responsible for the assassination of the President John Fitzgerald
Kennedy fifty years ago. The new McClellan book will be
coming to hardcover and eBook formats on Tuesday, November 5,
2013. A prior
McClellan book on the Kennedy assassination, "Blood, Money &
Power: How LBJ Killed JFK" will also be re-released in hardcover
and made available for the first time ever onto the various eBook
formats. "Blood, Money
& Power..." sold more than 100,000 hardcover edition copies,
and reached # 1 best-selling status for Amazon.com, and # 11
ranking on the New York Times best-sellers list. McClellan also penned a prescient
analysis of economics and outsourcing with his 2009 release of
"Made in the USA" (Hannover House, $19.95 srp).
Major Title
Activities. Hannover House has obtained the
rights to a variety of major, ?event-level? feature film
properties, including ?Mother Goose? (aka ?Utopia?) which is
expected to star Shirley MacLaine and Samuel L.
Jackson. The company
has been developing a proposed 3-D, computer-generated feature
based on the ?Terminator? franchise, tentatively titled ?T3K? or
?Terminator 3000,? and is subject to third party rights licenses
from concept creator James Cameron and franchise licensor Annapurna
Productions. Hannover
House is also working with production companies on three additional
major titles, which have not been publicly announced. The concept behind the pursuit of
?Major Titles? is to help elevate the stature and revenues of the
company by controlling titles that otherwise would become Major
Studio fare; financing
for these titles is being arranged through international pre-sales,
bank financing, various state and federal tax incentive programs
and private investment.
Corporate Governance & Public
Company Stature. At present, shares in Hannover
House are traded on the OTC Pinksheets and the company is fully
compliant with the OTC Markets Current Information
Status. Hannover House
has engaged Hogan Taylor as auditors and a full audit of the
company?s activities for 2011 and 2012 is underway (including a
historical review of revenues and expenses dating back to
inception). Hannover
House has completed a ?Form 10? Registration Statement document,
and will be submitting this filing to the Securities & Exchange
Commission?s Edgar Reporting site along with the completed audits
in the near-term future. The company recently closed a
$5-million dollar corporate funding agreement with TCA Global
Credit Master Fund, which includes an audit requirement and
short-term deadline.
It is management?s belief that the filing of the Form 10
Registration Statement, the release of the audits and the
third-party acknowledgment of the accuracy of the company?s
previously released financials should have a significant and
positive impact on investor confidence and share
price.
Operations & Debt
Management. As detailed in public filings,
Hannover House made a substantial investment in a film in 2010,
?Twelve? from director Joel Schumacher, which left the company with
more than $4-million in debt. In order to provide financing
relief for some of these aged debts, in 2011 Hannover House began a
series of ?debt-conversion? transactions that generated almost
$2-million dollars for the benefit of creditors while increasing
the total float of company stock by less than 17%. Over the next three-to-four
months, Hannover House plans to authorize the issuance of up to
18-million shares, representing about 3% of the total share count,
in order to generate payments for key creditors. Based on current and anticipated
receivables and a detailed cash-flow model of the company?s
activities over the next year, management does not anticipate the
need for future debt conversions beyond the immediate, short-term
and modest issuance.
For more information on Hannover House, filings and
announcements can be viewed at the OTCMarkets.com site, or through
the company?s investor-relations blog, located
at:
www.HannoverHouseMovies.blogspot.com
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.
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