Springdale, AR / ACCESSWIRE / August19, 2014 / Hannover House, Inc. (OTC: HHSE), a leading independent distributor of films, books and entertainment products, posted its eighteenth consecutive quarter of profitability with the Q2, 2014 filings released to the OTC Markets and S.E.C. Edgar database. But despite the company’s solid results and fundamentals, limited investor awareness has created an artificially suppressed share price, which Hannover House feels can be turned into a tremendous growth opportunity for savvy traders.
Revenues for the three-month period ending June 30, 2014 were $891,190 with operating, pre-tax profits of $241,647. These 2014 results represent a significant improvement over the company’s Q2 results from 2013, which tallied revenues of $223,802 and operating, pre-tax profits of $39,377.
"We need to do a better job of communicating our successes, results and activities at Hannover House," said Fred Shefte, President. "Our current share price is illogically and irrationally low, trading at a Price-Earnings Ratio of only 3.3 against our industry sector P/E average of 22. By all measures, the company’s stock should be trading at a 6-times greater share price. With our upcoming launch of the VODWIZ portal and our major theatrical and video release schedule, there’s strong evidence that the stock value indicator is even greater," he concluded.
To build investor awareness, Hannover House will immediately implement a long-term "investor-relations" outreach program, including a full-time, dedicated staff representative. The company will expand on its current social media activities (with Facebook and Twitter), and will add outreach to stock groups, investment funds and high-net-worth investors. Additionally, the first in a series of quarterly investor "Report Card and Update" brochures will be mailed to all shareholders of record in early September, and will highlight current and upcoming activities for the company. It is Hannover’s belief that an informed - and expanded - shareholder base will dramatically increase the share price and volume of daily trades, and in doing so, reduce the absurdity that sometimes occurs in a low-volume, low-information environment.
"Over the past four years, Hannover House management has focused all resources on building our film and video distribution activities," said C.E.O., Eric Parkinson. "Now that we have established a consistent core business, we can reallocate managerial and financial resources to better communicate our mission to the investment community. We want to build our shareholder base with savvy, long-term investors who recognize our unique market position and the company’s tremendous growth opportunities."
The company’s newly hired in-house investor relations director will be announced and introduced to the shareholders and investment communities on Monday, August 25.
Full financials for the Q2, 2014 period for Hannover House, Inc. are published on the OTC Markets site, as well as through S.E.C. Edgar filings. Operating divisions for Hannover House also include Medallion International Pictures (international sales and financing), Bookworks, Inc. (publishing and specialty products), and VODwiz (a multi-studio video-on-demand website and IPTV portal launching August 30, 2014).
Key retail accounts carrying Hannover House DVD’s and Blu-Ray products include Walmart Stores, Inc., Redbox, Netflix, Best Buy, 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. 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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