Bentonville, AR / ACCESSWIRE / In response to rapid growth in sales and distribution activities, Hannover House, Inc. (OTC: HHSE), has made a major executive move with the engagement of entertainment industry veteran Tom Sims as Vice-President of Sales. The hire is effective immediately, with Sims already working out of the Hannover House world headquarters in N.W. Arkansas. Hannover House is a leading U.S.A. producer and distributor of independent films, books and entertainment products.
“The engagement of an executive of the stature of Tom Sims is a major leap forward for Hannover House,” said Eric Parkinson, C.E.O. “With our recent successes at Cannes and our enhanced release slate for 2014 and 2015, the expansion of our management and support team is an essential step to maximize our corporate growth. Tom Sims holds an elite status in the distribution community, having worked through retail, wholesale and studio levels. His track record for success is profound and his relationships are unsurpassed. We are extremely honored to have Tom join the Hannover House team, and know that his contribution will help us quickly reach the next level of revenues, industry profile and bottom-line growth,” Parkinson concluded.
Tom Sims is a highly respected and proven executive with over 20-years of experience in the home video industry. For more than ten years, Sims was the Video Manager for Anderson Merchandisers, coordinating the nationwide sales and placement of video products into Walmart Stores, Inc. He accepted the position as Senior Director of National Accounts for Vivendi (Universal) in 2004, and in 2009 became the Vice President of Corporate Development for Allegro Media Group. As Vice President of Sales for Hannover House, Inc., Sims will be coordinating and managing the release strategies and sales solicitation for all consumer products and domestic media, including DVDs, Blu-Rays, Video-On-Demand, Television and Books.
Hannover House was established in 1993 as a book publisher, with a DVD product line added in 2002. The company quickly grew into one of the top indie-studio suppliers for Walmart and Anderson Merchandisers (working at that time with Tom Sims, who was managing national video placements for Anderson Merchandisers, a primary D5 supplier for Walmart). During the past 12 years, Hannover House has released over 150 titles to the home video market in North America, and has added theatrical, television and video-on-demand activities over the years as title demands would merit. The company’s film and television library now has over 250 titles.
In addition to the core release activities of Hannover House in the entertainment packaged goods market, the company has successfully expanded into the international marketplace, with a robust launch and booth presence last month at the Cannes Film Festival and Marche Du Film. This summer, the company’s proprietary video-on-demand portal, VODwiz.com, will launch to consumers, expanding beyond the beta-test site and rolling out with more than 2,500 titles (most of which are being provided through ten participating supplier studios). The company’s international sales and financing activities are being handled through the recently launched Medallion International Pictures division, which has been designed by Hannover House as a financing vehicle and releasing label for higher-end, theatrical programming. The VODwiz website and IPTV venture has been described by the Media Analyst Group as “the Netflix of independent studios” based on the business model of offering movies for streaming both under a “pay-per-transaction” basis, as well as through a monthly subscription model.
Existing, key retail accounts for Hannover House consumer packaged products include Walmart Stores, Inc., Redbox, Netflix, Barnes & Noble and thousands of independent video retailers, schools, libraries and booksellers. Under the direction of Tom Sims, as the newly hired Vice President of Sales, Hannover House expects to quickly and significantly add to its base of key accounts. 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 currently 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