Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- 02/04/10 -- Zealous Interactive, Inc. , a wholly owned subsidiary of Zealous, Inc. (OTCBB: ZLUS), announced today that its premiere portal, TheAdultSpot.com, has garnered a world wide increase in visitors due to the recent launch of its 3D virtual world. The announcement was made as the Company moves its corporate offices to Newport Beach by Milton "Todd" Ault, III , President, CEO and Chairman of the Board of Zealous, Inc. "Since the redesign and launch of the 3D world in the past few days our traffic has increased some 7,273% according to our analytics service." The spike upwards is not limited to just the United States . "We're up 561% in the Ukraine , 288% in Canada , and 204% in Mexico . This shows the international appeal our site seems to have," Mr. Ault said. "Membership to the portal, during this same time period, has increased over 400%. This increase in membership on a continued basis speaks well for our ability to generate ad revenue with a higher value and secure products and services we desire to offer our users."
Zealous, Inc. is also owner of Health and Wellness Partners, Inc. , the nutraceutical company distributing the all-natural herbal performance product line known as Surge®. "When you add TheAdultSpot.com to the picture, Surge and our other product lines will have an increased opportunity for both retail and wholesale sales as TheAdultSpot.com signs new marketing and advertising partners. The exposure and promotion of Surge to this common targeted demographic is vital to the Company's success. We plan to take advantage of the synergies between the two subsidiaries and will continue to update our investors, creditors and the public as more news is available," said Gary R. Gottlieb , Chief Financial Officer for Zealous, Inc.
About Zealous, Inc.
Zealous, Inc. is a holding company that operates through its three subsidiaries, Zealous Interactive, Inc. , Health and Wellness Partners, Inc. , and Zealous Holdings, Inc. Zealous Interactive, Inc. is a multimedia company specializing in online media distribution and content management. The flagship enterprise of Interactive is its adult portal and social network, and features its print and online publications and over 600 URLs and websites. Health and Wellness Partners, Inc. is a distributor of health, energy and vitality products that promote wellness in body, mind and spirit. Zealous Holdings, Inc. was a financial services holding company now discontinued and involved in Chapter 7 dissolution.
Forward-Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Zealous, Inc. "plans," "expects," "should," "believes," "anticipates" or words of similar importance. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in our filings with the Securities and Exchange Commission , including our annual report on Form 10-K and quarterly reports on Form 10-Q. These forward-looking statements are only made as of the date of this press release and Zealous, Inc. , does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Gary R. Gottlieb Chief Financial Officer Zealous, Inc. 949-471-0123 o 714-418-5002 f
FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- 02/04/10 -- Zealous Interactive, Inc. , a wholly owned subsidiary of Zealous, Inc. (OTCBB: ZLUS), announced today that its premiere portal, TheAdultSpot.com, has garnered a world wide increase in visitors due to the recent launch of its 3D virtual world. The announcement was made as the Company moves its corporate offices to Newport Beach by Milton "Todd" Ault, III , President, CEO and Chairman of the Board of Zealous, Inc. "Since the redesign and launch of the 3D world in the past few days our traffic has increased some 7,273% according to our analytics service." The spike upwards is not limited to just the United States . "We're up 561% in the Ukraine , 288% in Canada , and 204% in Mexico . This shows the international appeal our site seems to have," Mr. Ault said. "Membership to the portal, during this same time period, has increased over 400%. This increase in membership on a continued basis speaks well for our ability to generate ad revenue with a higher value and secure products and services we desire to offer our users."
Zealous, Inc. is also owner of Health and Wellness Partners, Inc. , the nutraceutical company distributing the all-natural herbal performance product line known as Surge®. "When you add TheAdultSpot.com to the picture, Surge and our other product lines will have an increased opportunity for both retail and wholesale sales as TheAdultSpot.com signs new marketing and advertising partners. The exposure and promotion of Surge to this common targeted demographic is vital to the Company's success. We plan to take advantage of the synergies between the two subsidiaries and will continue to update our investors, creditors and the public as more news is available," said Gary R. Gottlieb , Chief Financial Officer for Zealous, Inc.
About Zealous, Inc.
Zealous, Inc. is a holding company that operates through its three subsidiaries, Zealous Interactive, Inc. , Health and Wellness Partners, Inc. , and Zealous Holdings, Inc. Zealous Interactive, Inc. is a multimedia company specializing in online media distribution and content management. The flagship enterprise of Interactive is its adult portal and social network, and features its print and online publications and over 600 URLs and websites. Health and Wellness Partners, Inc. is a distributor of health, energy and vitality products that promote wellness in body, mind and spirit. Zealous Holdings, Inc. was a financial services holding company now discontinued and involved in Chapter 7 dissolution.
Forward-Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements can generally be identified as such because the context of the statement will include words such as Zealous, Inc. "plans," "expects," "should," "believes," "anticipates" or words of similar importance. Stockholders, potential investors and other readers are cautioned that these forward-looking statements are predictions based only on current information and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by the forward-looking statements. Certain of those risks and uncertainties are discussed in our filings with the Securities and Exchange Commission , including our annual report on Form 10-K and quarterly reports on Form 10-Q. These forward-looking statements are only made as of the date of this press release and Zealous, Inc. , does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: Gary R. Gottlieb Chief Financial Officer Zealous, Inc. 949-471-0123 o 714-418-5002 f
:)
And I am old enough to remember that. :)
ZLUS might run.
Scuffling to make a buck.lol
Got some ZLUS at .0034
Bought ZLUS at .0034
Still have TDGI, a descent amount. Sold most of my TYTN except 100K shares, and bag holding LFSI.
I am sitting waiting on a couple of my stocks. My son and wife and 3 grandkids coming next Friday. Feb 12th. I just went and got three day passes to Disney World for the low low price of 1079 dollars. Plus gramps is paying for the room for 4 nights. I am in a regroup mode. lol
PARK CITY, UT--(Marketwire - 02/02/10) - Sundance Film Festival -- Hannover House, the film and video distribution division of Target Development Group, Inc. (Pinksheets:TDGI - News) (Other: http://www.TargetDevelopmentGroup.com/, http://www.HannoverHouse.com/), prevailed over three other studio bidders at last week's Sundance Film Festival to purchase the North American distribution rights to director Joel Schumacher's acclaimed teen drama, "Twelve." Based on the best-selling book by Nick McDonnell, "Twelve" presents a powerful and insightful look into the secret lives of today's youth, and stars Chase Crawford ("Gossip Girls"), Emma Roberts ("Nancy Drew"), Rory Culkin ("Lymelife"), Ellen Barkin ("Ocean's 13"), Keifer Sutherland ("24") and multi-platinum-selling rap music superstar Curtis "50-Cent" Jackson.
"This is a major acquisition and positive step towards the realization of our 2010 business plans for Hannover House and Target Development Group," said Eric Parkinson, C.E.O. "Major feature titles such as 'Twelve' have tremendous commercial value, and will contribute significantly to our revenues. We are extremely pleased to have prevailed in our acquisition efforts for this title, and are excited about the film's theatrical release plans for this summer."
Hannover House plans to release "Twelve" to theaters on June 18, 2010. The marketing and distribution plan is being handled by industry veteran Tom Ortenberg, who set multiple theatrical releasing achievement records during his 12 years as President of Lionsgate Films. While at Lionsgate, Ortenberg managed the release of more than 100 films including Academy Award winners "Crash" and "Monster's Ball," as well as "Fahrenheit 9-11," the first five "Saw" movies and four successful Tyler Perry / Madea films. Ortenberg will consult with Hannover House through his recently formed entertainment venture, One Way Out Media.
"The principal cast of 'Twelve' shares our enthusiasm for the film's release and will be supporting our premiere and media campaign this summer," said Parkinson.
"The film resonates and connects with today's youth like nothing else I've ever seen. Films such as 'Rebel Without A Cause,' 'Risky Business' and even 'Napoleon Dynamite' have provided a voice for generations of youth to be heard. But 'Twelve' really gets into the hearts and minds of today's teens and young adults," concluded Parkinson.
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.
PARK CITY, UT--(Marketwire - 02/02/10) - Sundance Film Festival -- Hannover House, the film and video distribution division of Target Development Group, Inc. (Pinksheets:TDGI - News) (Other: http://www.TargetDevelopmentGroup.com/, http://www.HannoverHouse.com/), prevailed over three other studio bidders at last week's Sundance Film Festival to purchase the North American distribution rights to director Joel Schumacher's acclaimed teen drama, "Twelve." Based on the best-selling book by Nick McDonnell, "Twelve" presents a powerful and insightful look into the secret lives of today's youth, and stars Chase Crawford ("Gossip Girls"), Emma Roberts ("Nancy Drew"), Rory Culkin ("Lymelife"), Ellen Barkin ("Ocean's 13"), Keifer Sutherland ("24") and multi-platinum-selling rap music superstar Curtis "50-Cent" Jackson.
"This is a major acquisition and positive step towards the realization of our 2010 business plans for Hannover House and Target Development Group," said Eric Parkinson, C.E.O. "Major feature titles such as 'Twelve' have tremendous commercial value, and will contribute significantly to our revenues. We are extremely pleased to have prevailed in our acquisition efforts for this title, and are excited about the film's theatrical release plans for this summer."
Hannover House plans to release "Twelve" to theaters on June 18, 2010. The marketing and distribution plan is being handled by industry veteran Tom Ortenberg, who set multiple theatrical releasing achievement records during his 12 years as President of Lionsgate Films. While at Lionsgate, Ortenberg managed the release of more than 100 films including Academy Award winners "Crash" and "Monster's Ball," as well as "Fahrenheit 9-11," the first five "Saw" movies and four successful Tyler Perry / Madea films. Ortenberg will consult with Hannover House through his recently formed entertainment venture, One Way Out Media.
"The principal cast of 'Twelve' shares our enthusiasm for the film's release and will be supporting our premiere and media campaign this summer," said Parkinson.
"The film resonates and connects with today's youth like nothing else I've ever seen. Films such as 'Rebel Without A Cause,' 'Risky Business' and even 'Napoleon Dynamite' have provided a voice for generations of youth to be heard. But 'Twelve' really gets into the hearts and minds of today's teens and young adults," concluded Parkinson.
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.
Will do
That is not the movie they bought. If you watched the clip you new that.
We have been around pinkies for awhile. I know we have seen almost anything and everything happen. This actually looks like a real company. If it is, could be a small gold mine for a pinkie.
Hannover House Nabs North American Rights for 'Twelve'
ShareThisEMAILPRINTvote
nowBuzz up!By Brent Lang
Published: January 28, 2010
Hannover House has acquired North American distribution rights for "Twelve," the teen drug drama directed by "Batman Forever"s' Joel Schumacher, according to an executive with the publishing firm's film arm. The deal was for approximately $2 million, and an agreement was reached at 11:30 Wednesday night.
An official announcement will be made at the movie's Sudance premiere. The deal was negotiated by Eric Parkinson, C.E.O. of Hannover House and Roeg Sutherland, a film financing agent with C.A.A.
The company plans to release the film in June or July after presenting it at ShoWest on March 16.
"Bottom line, it's a major acquisition for a small, but emerging company," said a Hannover House executive. "It's exciting and scary."
Schumacher's film stars Chace Crawford ("Gossip Girl"), Ellen Barkin, and Kiefer Sutherland and centers on the existential crisis of a young drug peddler following the murder of his cousin. The film is based on a best-selling novel of the same name by Nick McDonell, who penned it when he was 17.
Hannover House is the entertainment distribution division of Target Development Group. The company has been busy during the festival. It has already acquired "Edgar Allen Poe's Requiem For The Dead," from Allegheny Image Factory and has been heavily pursuing John Wells' "The Company Men" and the Jesse Eisenberg thriller "Holy Rollers."
Hannover House Nabs North American Rights for 'Twelve'
ShareThisEMAILPRINTvote
nowBuzz up!By Brent Lang
Published: January 28, 2010
Hannover House has acquired North American distribution rights for "Twelve," the teen drug drama directed by "Batman Forever"s' Joel Schumacher, according to an executive with the publishing firm's film arm. The deal was for approximately $2 million, and an agreement was reached at 11:30 Wednesday night.
An official announcement will be made at the movie's Sudance premiere. The deal was negotiated by Eric Parkinson, C.E.O. of Hannover House and Roeg Sutherland, a film financing agent with C.A.A.
The company plans to release the film in June or July after presenting it at ShoWest on March 16.
"Bottom line, it's a major acquisition for a small, but emerging company," said a Hannover House executive. "It's exciting and scary."
Schumacher's film stars Chace Crawford ("Gossip Girl"), Ellen Barkin, and Kiefer Sutherland and centers on the existential crisis of a young drug peddler following the murder of his cousin. The film is based on a best-selling novel of the same name by Nick McDonell, who penned it when he was 17.
Hannover House is the entertainment distribution division of Target Development Group. The company has been busy during the festival. It has already acquired "Edgar Allen Poe's Requiem For The Dead," from Allegheny Image Factory and has been heavily pursuing John Wells' "The Company Men" and the Jesse Eisenberg thriller "Holy Rollers."
Putting LUNL on watch.
Putting LUNL on watch.
:)
Your tips always appreciated.
Good move.
Will check it out.
XCHO at .16 getting close
2-4-6-8-9-11-13-16-18-20-21-24-25-28-29-32-33-36-38-39-57
Thanks
BEDA OUI
Yes he is
So far so good
Just bought some of BEDA
Great News
PARK CITY, UT, Jan 25, 2010 (MARKETWIRE via COMTEX) -- Sundance Film
Festival
-- Hannover House, the entertainment distribution division of Target
Development
Group, Inc. (PINKSHEETS: TDGI) (Other: www.TargetDevelopmentGroup.com,
www.HannoverHouse.com), has closed its first acquisition agreement at
the
Sundance Film Festival, and is moving towards closure on three
additional
titles, reports company C.E.O. Eric Parkinson.
"Edgar Allen Poe's Requiem For The Dead," from producer Robert Tinnell's
Allegheny Image Factory, is the first title bought by Hannover House
during
Sundance. The company plans to market the PG-13 level thriller as a
hybrid
release, appealing to both horror audiences and fans of Poe's classic
literature. Previous feature films from Producer-Director Tinnell
include
"Believe" starring Elisha Cuthbert, "Airspeed" starring Joe Mantegna and
"Kids
of the Roundtable" starring Malcolm McDowell.
Hannover is also pursuing several high-profile theatrical titles at the
Sundance
Festival. "The Company Men" starring Ben Affleck, Tommy Lee Jones, Chris
Cooper
and Kevin Costner, directed by John Wells, is one of Hannover's top
targets and
negotiations have commenced with C.A.A., the agency representing the
film.
Hannover is also looking closely at acquisition opportunities for the
Joel
Schumacher drama "Twelve," starring Emma Roberts, Chase Crawford and 50
Cent, as
well as two features represented by Cinetic Media, the thriller "Holy
Rollers"
(starring Jesse Eisenberg and Justin Bartha) and the drama "The Kids Are
All
Right" (starring Julianne Moore, Annette Bening and Mark Ruffalo).
"These are just a few of the titles we are looking at for possible
acquisition,"
said Parkinson. "We're impressed with the selection of theatrical
quality films
at Sundance this year, and feel confident that we'll prevail in our
pursuit of
several major acquisitions."
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 on Target Development Group, Inc. and Hannover
House,
contact:
Eric Parkinson
CEO
Hannover House
818-481-5277
Email Contact
Eric Parkinson RECENT Business interview/HANNOVER HOUSE Growth!!
ArkansasBusiness.com
Film Distributor Gets Capital Boost from New OTC Partner
By Susannah Patton - 1/25/2010
Springdale is more than 1,500 miles from the film industry mecca of Hollywood.
But that's not a deterrent for entertainment distribution company Hannover House, which plans to compete with the likes of Sony Pictures and Warner Bros. for the distribution rights to the "Terminator" franchise.
Until recently, Hannover House has primarily been a DVD distributor, with about 75 percent of its revenue generated from sales of low-budget movies to retailers like Wal-Mart Stores Inc., Amazon.com and Blockbuster stores.
But CEO Eric Parkinson and president Fred Shefte are looking for a film with the potential to make a dent at the box office and raise the company's status.
"We're kind of emerging from a cave in a way," Parkinson said.
In December, Hannover House merged with publicly traded company Target Development Group Inc., elevating Target Development's stock by nearly 2,000 percent, from 0.0015 cents to 0.03 cents per share.
Under the agreement, the company will trade stock under the Target Development Group Inc. but will release films, videos and books under the Hannover House brand name.
The penny stock, traded over-the-counter under the ticker symbol TDGI closed at 0.032 cents on Jan. 19.
The merger allowed Hannover House to obtain new credit funding and off-balance-sheet financing opportunities, Parkinson said.
"The merger provided us with some liquidity that we didn't have before," he said. "It will enable us to move forward in releasing a lot more projects."
This spring, the company will release seven films on DVD and Blu-Ray, including "2 Dudes and A Dream," a comedy about actors trying to make it in Hollywood, a sci-fi thriller called "Sensored," a horror-thriller called "The Hiding," and recent theatrical releases "War Eagle, Arkansas" and "Chelsea on the Rocks."
"These are smaller titles and that's kind of the realm we're in right now," Parkinson said. "But over the next year, we fully intend to have bigger theatrical titles."
Parkinson and Shefte hope to acquire some of those bigger titles at the Sundance Film Festival in Utah in late January.
Parkinson said the festival sent a list of 115 films, which he and Shefte have narrowed down to 18 films they think they could successfully distribute.
They're hoping one of those films will be the company's flagship title.
Once they decide to bid on a film, Hannover House will pay the producer an advance against the film's expected royalties.
"Most of the movies we've acquired we've paid advances of $50,000 to $100,000," Parkinson said.
Bigger titles will require bigger advances, often up to $1 million or more.
"We're looking for a film we can hang our hat on," Parkinson said. "Sundance is a really important strategic move for us if we're going to become more than a boutique film distributor."
He points to Summit Entertainment as an example of a company that went through an instant transformation.
The company had annual revenues of $8 million, he said, and then it acquired the rights to Stephanie Meyer's Twilight series.
When "Twilight" came out, their revenue grew to $400 million, Parkinson said. The second film in the series, "Twilight Saga: New Moon" was released in November and grossed almost $700 million worldwide. Summit will release the third film, "Eclipse," in June.
"We're in the same business," Parkinson said. "If we can acquire a franchise like that, we can transform our company from $10 million annual business to a $500 to $600 million annual business."
Currently, Hannover House is pursuing the rights to the "Terminator" franchise.
Production company The Halcyon Group put the film rights up for sale in September after filing for Chapter 11 reorganization.
Lions Gate is the lead bidder on the franchise, with an offer of $15 million in cash plus 5 percent of future gross receipts in exchange for the rights to make "Terminator" sequels and spin-offs.
In order to make a competing offer, Hannover House must submit a higher bid prior to the Feb. 5 cut-off date.
Parkinson said the company is working with several private investment groups in an attempt to secure funding.
But even without the big name franchise, Hannover House is significantly increasing its library of video and literary properties in 2010.
Last year, the company had one release to DVD and Blu-Ray, a drama called "Hounddog" starring Dakota Fanning. Hannover House also released "War Eagle, Arkansas" to 11 theaters in Arkansas and later expanded the release to eight additional theaters in out-of-state markets.
In 2010, the company plans to release six films to theaters, 30 films to DVD and Blu-Ray as well as six books.
"That's a tremendous increase in volume and cash flow," Parkinson said.
Parkinson has been in the film distribution business since 1984 when he moved from Kansas to Los Angeles and got a job in the emerging home video industry.
"It was the beginning of the VHS boom and it's something I just sort of fell into," he said.
In 2002 he moved to Northwest Arkansas and bought Hannover House, a book publishing company at the time, with the intention of adding DVD sales.
Shefte, who initially served as Hannover House's loan officer at The Bank of Fayetteville, joined the company in 2006.
Hannover House offered its first theatrical release in 2005, a surfer comedy called "Off the Lip."
The company now has over 150 titles in its library.
This year, Hannover House will expand into the Video on Demand business, which will allow it to stream its films directly to the customer through cable television and Internet providers.
"We expect the Video on Demand business to grow in 2010," Shefte said. "That business has a lot of benefits for companies like us because we can avoid the packaging and shipping costs."
The company would also benefit from the direct payment stream when a customer purchases a movie through video on demand.
The duo is also looking into cutting down on shipping costs by opening their own DVD pressing facility.
Hannover House currently has its DVDs manufactured in California and then shipped to a warehouse in Springdale before they are packaged and shipped to retailers throughout the country.
"There is an inefficient component in using a third party," Parkinson said.
The company is also in the midst of plans to build a new facility in the Fayetteville industrial park.
Parkinson said the proximity to Wal-Mart is part of why the company chooses to stay in Northwest Arkansas.
"There are a lot of reasons why, even if we eventually put an office in Los Angeles and New York, that we still want to have our headquarters in Northwest Arkansas," he said. "We're centrally located, and it doesn't hurt to be next door to our largest customer."
It's also where Parkinson and Shefte want to live.
"The cost of living is low and the quality of life is high," Parkinson said.
http://www.arkansasbusiness.com/printable.aspx?aid=119575
Eric Parkinson RECENT Business interview/HANNOVER HOUSE Growth!!
ArkansasBusiness.com
Film Distributor Gets Capital Boost from New OTC Partner
By Susannah Patton - 1/25/2010
Springdale is more than 1,500 miles from the film industry mecca of Hollywood.
But that's not a deterrent for entertainment distribution company Hannover House, which plans to compete with the likes of Sony Pictures and Warner Bros. for the distribution rights to the "Terminator" franchise.
Until recently, Hannover House has primarily been a DVD distributor, with about 75 percent of its revenue generated from sales of low-budget movies to retailers like Wal-Mart Stores Inc., Amazon.com and Blockbuster stores.
But CEO Eric Parkinson and president Fred Shefte are looking for a film with the potential to make a dent at the box office and raise the company's status.
"We're kind of emerging from a cave in a way," Parkinson said.
In December, Hannover House merged with publicly traded company Target Development Group Inc., elevating Target Development's stock by nearly 2,000 percent, from 0.0015 cents to 0.03 cents per share.
Under the agreement, the company will trade stock under the Target Development Group Inc. but will release films, videos and books under the Hannover House brand name.
The penny stock, traded over-the-counter under the ticker symbol TDGI closed at 0.032 cents on Jan. 19.
The merger allowed Hannover House to obtain new credit funding and off-balance-sheet financing opportunities, Parkinson said.
"The merger provided us with some liquidity that we didn't have before," he said. "It will enable us to move forward in releasing a lot more projects."
This spring, the company will release seven films on DVD and Blu-Ray, including "2 Dudes and A Dream," a comedy about actors trying to make it in Hollywood, a sci-fi thriller called "Sensored," a horror-thriller called "The Hiding," and recent theatrical releases "War Eagle, Arkansas" and "Chelsea on the Rocks."
"These are smaller titles and that's kind of the realm we're in right now," Parkinson said. "But over the next year, we fully intend to have bigger theatrical titles."
Parkinson and Shefte hope to acquire some of those bigger titles at the Sundance Film Festival in Utah in late January.
Parkinson said the festival sent a list of 115 films, which he and Shefte have narrowed down to 18 films they think they could successfully distribute.
They're hoping one of those films will be the company's flagship title.
Once they decide to bid on a film, Hannover House will pay the producer an advance against the film's expected royalties.
"Most of the movies we've acquired we've paid advances of $50,000 to $100,000," Parkinson said.
Bigger titles will require bigger advances, often up to $1 million or more.
"We're looking for a film we can hang our hat on," Parkinson said. "Sundance is a really important strategic move for us if we're going to become more than a boutique film distributor."
He points to Summit Entertainment as an example of a company that went through an instant transformation.
The company had annual revenues of $8 million, he said, and then it acquired the rights to Stephanie Meyer's Twilight series.
When "Twilight" came out, their revenue grew to $400 million, Parkinson said. The second film in the series, "Twilight Saga: New Moon" was released in November and grossed almost $700 million worldwide. Summit will release the third film, "Eclipse," in June.
"We're in the same business," Parkinson said. "If we can acquire a franchise like that, we can transform our company from $10 million annual business to a $500 to $600 million annual business."
Currently, Hannover House is pursuing the rights to the "Terminator" franchise.
Production company The Halcyon Group put the film rights up for sale in September after filing for Chapter 11 reorganization.
Lions Gate is the lead bidder on the franchise, with an offer of $15 million in cash plus 5 percent of future gross receipts in exchange for the rights to make "Terminator" sequels and spin-offs.
In order to make a competing offer, Hannover House must submit a higher bid prior to the Feb. 5 cut-off date.
Parkinson said the company is working with several private investment groups in an attempt to secure funding.
But even without the big name franchise, Hannover House is significantly increasing its library of video and literary properties in 2010.
Last year, the company had one release to DVD and Blu-Ray, a drama called "Hounddog" starring Dakota Fanning. Hannover House also released "War Eagle, Arkansas" to 11 theaters in Arkansas and later expanded the release to eight additional theaters in out-of-state markets.
In 2010, the company plans to release six films to theaters, 30 films to DVD and Blu-Ray as well as six books.
"That's a tremendous increase in volume and cash flow," Parkinson said.
Parkinson has been in the film distribution business since 1984 when he moved from Kansas to Los Angeles and got a job in the emerging home video industry.
"It was the beginning of the VHS boom and it's something I just sort of fell into," he said.
In 2002 he moved to Northwest Arkansas and bought Hannover House, a book publishing company at the time, with the intention of adding DVD sales.
Shefte, who initially served as Hannover House's loan officer at The Bank of Fayetteville, joined the company in 2006.
Hannover House offered its first theatrical release in 2005, a surfer comedy called "Off the Lip."
The company now has over 150 titles in its library.
This year, Hannover House will expand into the Video on Demand business, which will allow it to stream its films directly to the customer through cable television and Internet providers.
"We expect the Video on Demand business to grow in 2010," Shefte said. "That business has a lot of benefits for companies like us because we can avoid the packaging and shipping costs."
The company would also benefit from the direct payment stream when a customer purchases a movie through video on demand.
The duo is also looking into cutting down on shipping costs by opening their own DVD pressing facility.
Hannover House currently has its DVDs manufactured in California and then shipped to a warehouse in Springdale before they are packaged and shipped to retailers throughout the country.
"There is an inefficient component in using a third party," Parkinson said.
The company is also in the midst of plans to build a new facility in the Fayetteville industrial park.
Parkinson said the proximity to Wal-Mart is part of why the company chooses to stay in Northwest Arkansas.
"There are a lot of reasons why, even if we eventually put an office in Los Angeles and New York, that we still want to have our headquarters in Northwest Arkansas," he said. "We're centrally located, and it doesn't hurt to be next door to our largest customer."
It's also where Parkinson and Shefte want to live.
"The cost of living is low and the quality of life is high," Parkinson said.
http://www.arkansasbusiness.com/printable.aspx?aid=119575
You can not PR deals until you make them. I hate fluff PR's they kill a stock. I am sure it will take some work to pull these deals together. I doubt they are done the first 2 hours of the festival. You seem for the most part to be a day trader or flipper on one hand but you lean toward stocks that take time. You very seldom can have it both ways.
I think the problem is there has only been two PR's. New company and still undiscovered. The more PR's we get the better for the stock. Most pinkies are news driven.
If this post comes true I might salvage a bit of dignity. :)
Posted by: jermart Date: Thursday, January 21, 2010 2:00:52 PM
In reply to: SuperFreak who wrote msg# 672 Post # of 680
Just got hammered I just called Mr Salmon He talked to FINRA Tues Doesnt expect the name change until this Tues. They will relase a PR then
Will try to regroup next week. At least my other 2, TDGI and TYTN are in free share status.