Springdale, AR / ACCESSWIRE / August 8, 2014 / Hannover House, Inc. (OTC: HHSE), a leading U.S.A. producer and distributor of independent films, books and entertainment products, will achieve a variety of corporate goals and launch a record number of releases and ventures over the next few weeks, marking a benchmark year for 2014, the company reported. The launch of the company's multi-studio video-on-demand portal, "VODWIZ", will be supported with a Form 10 S.E.C. registration statement, the company's widest theatrical release of record and an enhanced schedule of home video releases.
"We announced a wide range of activities, ventures and corporate goals for the year at our shareholder's meeting in February," noted Fred Shefte, Hannover House President. "We are happy to announce that all of these projects are underway and on schedule for completion in the coming weeks and months. The management agenda has been to grow Hannover House revenues, ventures and share value. Each of these projects contributes to the achievement of these goals," he concluded.
Principal activities now underway for Hannover House include:
VODWIZ - The company's plan to launch a video-on-demand streaming service (also available as an Internet Protocol TV app through Roku and Nuvola devices), is being expanded this month to include titles from more than ten studio labels. The initial launch campaign to promote traffic, membership and usage from consumers will occur at the end of August. The video-on-demand market continues to grow exponentially, which could position VODwiz as a major revenue component for the future of Hannover House.
FORM 10 REGISTRATION - The company's plan to refile a registration statement with the S.E.C.'s Edgar Database is also on track for completion. The final documentation requested for the audit portion of the Form 10 has been completed and should be promptly incorporated within the previously completed Form 10 filing. Many of the current HHSE shareholders believe that the filing of the Form 10 Registration statement will add credibility to the company's filings and will encourage new shareholder support.
THEATRICAL EXPANSION - In response to the ongoing evolution of the retail packaged-goods market for home video products, Hannover House is pursuing three avenues for theatrical release activities to enhance home video values. Specialty films, such as "Black Eyed Dog", "The Weather Station" and "Borrar de la Memoria" will enjoy limited theatrical releases during Q4; mid-level titles, such as "On Any Sunday: The Next Chapter" will see a nationwide release on approximately 250 screens, reaching most of the top 40 largest markets. Event-level titles, such as current production of "Mother Goose: Journey to Utopia" will enjoy a "wide" theatrical release (over 1,000 theatres) in order to elevate the title into the "AAA" priority status.
MEDALLION INTERNATIONAL - The company's international sales and financing entity, Medallion International Pictures, was launched in May at the Cannes Film Festival and Marche Du Film in France. The sales division has already closed deals for presales, co-productions and other financing components on five current and upcoming productions, which will help Hannover House take the important step forward into major theatrical titles (without the debt burden associated with acquisition of outside features).
CORE HOME VIDEO - Under the direction of recently hired VP of Sales, Tom Sims, Hannover House is expanding its representation of outside labels for sales into packaged goods media (DVD and BluRay). Multi-title ventures have already been announced with Northbank Entertainment and Paseo Miramar Studios. New agreements with ten more, established labels will be announced in August and September, and include home video product lines specializing in Family Films, Christian Films, Spanish Titles, Urban-Action, Anime/Manga and Horror Films. Prior to joining Hannover House, Tom Sims had successfully organized and operated similar multi-studio sales ventures for Vivendi/Universal Music Group and for Allegro Media Group.
Upcoming home video releases in the short term weeks and months for Hannover House and the company's principal outside suppliers include (listed alphabetically):
"AMERICAN JUSTICE" (Paseo Miramar)
"BLACK EYED DOG" (Plastic Jesus, LLC)
"DINOSAURS OF THE JURASSIC" (FilmWorks)
"FRANKENSTEIN: DAY OF THE BEAST" (Alpha Films)
"GABRIELLE" (Royal Blue Pictures)
"GRIM" (All Channel Films)
"NEXT UP: COMEDY FROM THE SUNSET STRIP" (Providence Ent.)
"POSSESSION: THE INGLODA WITHIN" (On-Ride Ent.)
"TO.GET.HER: THE SPRING BREAK MURDERS" (Film Sales Co.)
"VALLEY OF THE WITCH" (Northbank Ent.)
Key retail accounts carrying for Hannover House titles and products represented for distribution by Hannover House include Walmart Stores, Inc., Redbox, Netflix, Best Buy, Family Video, Barnes & Noble and thousands of independent video retailers, schools, libraries and booksellers. The company also sells entertainment products to a wide range of internet sites, and services most major video-on-demand portals. The company has been profitable for each of the past eighteen quarters, and feels that the 2014 and 2015 new activities will significantly increase both revenues and bottom line results. Hannover House stock is traded on the OTC Markets under ticker symbol: HHSE.
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 /
SOURCE: Hannover House, Inc.
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