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Monday, April 20, 2015 11:50:34 PM
From HHSE 2014 10-K:
(A) Plan of Operation. The Company’s ongoing Plan of Operation is to maintain its existing activities in the home entertainment markets, and to expand such activities by increasing both the number of titles being released each year as well as reaching additional media platforms and markets for entertainment products. Further detail of the Company’s Plan of Operation is included within this 10-K filing, including within the Exhibits.
(B) Current Fiscal Year. During calendar year 2015, the Company plans to release a record number of titles to the DVD and BluRay markets; this enhanced release activity has already commenced, with seven new release titles shipping in December (2014) and January (2015) for sale via major USA Retailers during the month of February, 2015. The Company plans to release approximately fifty-five (55) new release titles onto DVD or BluRay during the current year, along with approximately forty (40) titles being reissued, repackaged or repriced as catalog or budget promotions. Additionally, during the current fiscal year, the Company will be launching a consumer oriented “Video-On-Demand” streaming service entitled “VODWIZ.” Other activities for the Company during the current fiscal year include production activities on several high-profile feature films, including “Mother Goose: Journey to Utopia”, “Shadow Vision”, and “The Legend of Belle Starr” and the subsequent theatrical release activities supporting such higher profile titles.
... (1) Cash Requirements. The cash required for the Company to satisfy its core DVD and BluRay releasing activities as described above shall be primarily self-generated from cash flow resources. The cash required for the Company to pursue and otherwise complete the productions of the high-profile feature films listed above shall be generated through a variety of third-party methodologies not directly impacting the Company’s cash flow (including the monetization of international presale contracts, State and Federal Tax Rebates and other incentives, private equity investments, and supplier / vendor deferrals). The cash requirements for the Company to launch the VODWIZ consumer Video-On-Demand streaming service are detailed in this Form 10 filing, and are expected to be self-funded through cash flow resources.
... (3) Acquisition of a Plant or Equipment Capacity. During the current fiscal year, Company plans to expand its ability to manufacture DVD’s in-house at its principal location of business. The costs for such expansion of manufacturing capabilities are expected to be self-funded from cash flow resources; the benefits of expanding the Company’s in-house product manufacturing capabilities are to result in an overall reduction of unit costs and a reduction in inventory (as the Company will be capable of manufacturing more closely to short-term needs).
... (4) Anticipated Changes in Number of Employees. During the current fiscal year, Company anticipates adding approximately six (6) employees to the current roster of eight employees. As of the date of this filing, the Company had six (6) full-time employees and two (2) part-time employees. Full-time positions include C.E.O., President, V.P. of Sales, Director of Marketing, Bookkeeper and Office Manger. Part-time positions (30-hours or less per week) include Production Supervisor and Warehouse Manager. Areas of new staff support anticipated to be added during 2015 include VODWIZ operations, Theatrical Bookings, Sales and Marketing support and accounting.
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HHSE 2014 10-K Annual Report Filed @ OTCMarkets:
http://www.otcmarkets.com/financialReportViewer?symbol=HHSE&id=136200
http://www.otcmarkets.com/stock/HHSE/filings
HHSE
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