Hannover House 3-Picture Venture with Northbank Entertainment Launches to Solid Sales Response


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12/16/2013 [ACCESSWIRE]

Los Angeles, CA / December 16, 2013 / ACCESSWIRE / A three-picture distribution pact with U.K.'s Northbank Entertainment has launched solidly, with significant initial shipments for U.S. film distributor, Hannover House, Inc. (OTC: HHSE) and the January 7th home video release of "Amityville Asylum." Hannover House reports that initial shipments into Walmart Stores nationwide represented the largest single order of DVDs for the company in the past two years, indicative of the strong consumer following for Amityville-themed horror films. As per the stated policy of Walmart, specific unit quantities for the Hannover House shipment were not released.

"This is a very exciting result for our new pact with Northbank Entertainment," said Fred Shefte, President of Hannover House. "Industry reports show a powerful sales history for all prior Amityville branded DVD releases, so we're optimistic that we will see a similar reaction to this new title. We are also very excited about the next two releases from Northbank, which have also generated positive feedback from our key retailers."

"Amityville Asylum" will arrive onto Walmart shelves January 7, 2014. The film tells the story of the conversion and expansion of the infamously haunted Long Island, NY home into an asylum for the criminally insane. The volatility of the situation ultimately explodes into a frightening assault from the supernatural and malevolent forces inhabiting the building.

The three picture pact with Northbank Entertainment also includes the thrillers, "Midnight Horror Show" and "Valley of the Witch," both of which wrapped principal photography recently in Wales, under the direction of Northbank's Andrew Jones. Hannover House is planning on a July release for "Midnight Horror Show" and an October release for "Valley of the Witch."

In addition to "Amityville Asylum," Hannover House is also releasing the acclaimed drama in January, "Blues for Willadean." The award-winning film, from director Del Shores, stars Oscar winner Octavia Spencer ("The Help") as well as Beth Grant ("The Mindy Project") and Dale Dickey ("Iron Man 3"); February home video releases for Hannover House include the Jules Verne animated classics collection ("20,000 Leagues Under The Sea", "Journey to the Center of the Earth" and "Around the World in 80 Days"), and shipments of the first eight titles into Walmart Canada under the recently enacted distribution pact with Allegro Media Group; March releases are highlighted by the thrillers "The Possession Within" and the Sundance Film Festival Audience Award Winning "To.Get.Her: The Spring Break Murders."

Hannover House will be pursuing a dual-track business model in 2014 and 2015, balancing a monthly home video release slate of two or three "direct to video" (or limited theatrical release) titles, with three high-end titles annually. The higher-profile, bigger-budgeted (and major-star driven) lead titles are expected to dramatically increase the company's revenues and stature, while also benefitting the core titles through package sales opportunities. Hannover House is also beginning to generate international licensing sales revenues, as well as an expansion of video-on-demand placements, including the company's own VODwiz.com venture.

Hannover House stock is traded on the OTC Markets under ticker symbol: HHSE. Stock Analysis site, HotStoqx.com, noted recently that the HHSE share price (currently about $.014 / share), represents a market capitalization that is less than 25% of the company's value - and a share price that is less than 25% of the Price-Earnings Average for other companies in the same industry. Their conclusion was that the share price was irrationally undervalued, and thus well-positioned for significant growth.

 

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 contact:
Eric Parkinson
Hannover House,
479-751-4500
Eric@HannoverHouse.com

 

Source: Hannover House, Inc.

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