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Donini Inc. Cancels Letter of Intent With Kern Automotive
MONTREAL -- (Marketwire) -- 12/22/09 --
Peter Deros, President and CEO of Donini, Inc
(PINKSHEETS: DNNC), and Mr. Jacob Kern of Kern Automobile jointly announced that the Letter of Intent announced recently has been cancelled. Both Companies, after further examination, concluded that it would be better for each to pursue their different plans separately
Mr. Deros stated that he believed Donini would be better able to succeed with its aggressive expansion plans in Canada and the United States by partnering with a company more closely aligned with its core food service business. He concluded by stating that several possible partner prospects are being pursued for implementation during the first quarter of 2010
Mr. Kern stated that he also is exploring other avenues to secure capital needed to expand and is optimistic about the prospects for the future
About Donini, Inc
Donini, Inc., a New Jersey Corporation, was established in 2001 when the company acquired control by way of a reverse merger of Pizza Donini, a Canadian company that has been operating and licensing Italian style restaurants specializing in pizza and related products within the Greater Montreal Area in the province of Quebec for over 20 years. The Company has recently completed a consolidation of its operations by establishing two Canadian Subsidiaries, Donini Group Inc. and Pizzacorp DTC Franchises Inc., whose purposes are, respectively, to hold and control the intellectual property of the Company and to license the trademarks and oversee the licensed franchisees of the marks. The Company plans to expand its operations into the United States and the rest of Canada
About Kern Automotive Group, Inc
Kern is a unique automotive dealership based in the Southeastern United States. Kern has access to new car trade-ins from some of the largest national new car dealers through the relationship of its CEO, Mr. Jacob Kern, developed through years of prior transactions. The Company is well positioned to take advantage of the current market for used vehicles and offer financing for its customers. The goal is to provide customers with outstanding customer service and quality pre-owned vehicles at affordable prices
Safe Harbor Statement
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Donini, Inc., (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or strategic business arrangement to fund expansion plans; (ii) build management, human resources and infrastructure necessary to support growth; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors
Media Contact Contact: Peter Deros Donini, Inc
Phone: 514-956-0005 ext 2 pderos@pizzadonini.com
You just joined Ihub and this is your first post.lol
Will be in and out most of the week.
I would like to wish all of you a very
HAPPY HOLIDAY
It has been like that for years. The Ford family should really sell the team to someone who wants to build a winning organization.
Amen.lol
SPRINGDALE, AR, Dec 18, 2009 (MARKETWIRE via COMTEX) -- Hannover House, the
film and video releasing label for Target Development Group, I nc. (PINKSHEETS:
TDGI) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), announced
today the acquisition of video distribution rights to 10 additional titles,
including six new release feature films. The programs, under license from
Central Film Company and Family Universal Network, will be released by Hannover
House on DVD and Blu-ray in late spring and early summer 2010.
Central Film Company has expanded its existing distribution relationship with
Hannover House with the addition of six new release features: "Eyes of the
Woods," "Allegheny Sunset," "Naked Nerve Endings," "The Sky is Falling,"
"Static" and "The Wind and the Long Black Scarf."
Los Angeles-based Family Universal Network will provide four animated features
-- "Treasure Island," starring the voice talent of Hugh Laurie ("House") and
Richard E. Grant ("Garfield: A Tale of Two Kitties"); "Journey to the Center of
the Earth"; "Around the World in 80 Days "; and "20,000 Leagues Under the Sea."
Each will be available as individually packaged DVDs, as well as be part of a
three-pack item Hannover will release as "The Jules Verne Classics Collection."
Earlier this week, Hannover House announced a library distribution venture with
Elite Entertainment and FOCUSFilms. The total number of titles in the Hannover
House library now exceeds 150, including catalog programs, new releases and
newly acquired theatrical feature films to be announced in the upcoming months.
"We're pleased to have a solid line-up of diverse, new release videos through
2010," said Eric Parkinson, CEO of Hannover House and Target Development Group.
"These titles will provide a significant foundation for our expansion into the
higher-profile, theatrical features that ultimately will define the company."
Hannover House was established in 1993 as a publisher of fine literature, and
was expanded in 2002 by former Hemda le CEO Eric Parkinson to include film and
video products. Attorney and banker D. Frederick Shefte joined Hannover House as
President in 2007. Target Development Group, Inc. acquired Hannover House this
month in a stock-for-stock swap agreement. For 2010, Hannover House plans to
release eight films to theaters, 28 titles to home video, and six new release
books.
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:
Richard Dean Prudenti
479-751-4500
e-mail: Email Contact
SOURCE: Target Development Group; Hannover House
I was the buyer at .0068 yesterday. I am ready
May one inquire where you might have heard that
That might be a wise move. On the other hand if news is good it takes off you chase. I wrestle with that problem everytime I buy a stock.
I have noticed that.lol
Posted by: M0NEYMADE Date: Tuesday, December 15, 2009 12:11:41 AM
In reply to: scott64 who wrote msg# 7282 Post # of 7681
Authorized raised to 1B...but $4M revenues and growing.
Add Donini's pizza business....we'll see who laughs last.
That is what is leading me to believe it is a controlled sell and buy. Normally a stock would have plummeted by now
Posted by: Sho-Nuff Date: Friday, December 18, 2009 2:00:43 PM
In reply to: PLO4Life who wrote msg# 9666 Post # of 9668
I sent the CEO one more email.
I asked: "Do you see the value of TDGI going up from its current levels with this merger and will there be further dilution of stock in order to support Hannover House's activities?"
Here is the reply:
Hi _____________. I'm not psychic, so I cannot tell you what will occur with the TDGI stock price. If the market reacts logically and analytically, the stock price should be north of $.13 per share. However, there's no way to know if that's likely to occur, especially when there's a legion of "short-sellers" that love to attack small cap stocks out there.
We are in the process of finalizing major financing for Target / Hannover House. But what we're pursuing at present is financing through credit lines, and not via the issuance of new equity, which I think is what you were referring to by "dilution"?? We will be updating the share structure with the Pink Sheets and Transfer Agent today or Monday to reflect the details of the Hannover acquisition.
Best Regards,
Eric Parkinson -- CEO
HANNOVER HOUSE
A TARGET DEVELOPMENT GROUP, INC. COMPANY
Office: 479-751-4500 / Direct: 818-481-5277
www.HannoverHouse.com
I have a descent chunk also. I have a good feeling we are going to be happy come Jan.
It appears it has been a controlled sell as of late. No huge dumps to run PPS into the ground.
Well my friend it looks like we live or die together.lol
I am in all 3 also. Not in ESFS
I am back in. See how the story plays out. The share structure alone will get this to a penny and a half I think.
Looks like the 3 or 4 of us get rich together or we will be starting our own singing the blues band.lol
You no I am bush league. lol But I do love my pinkies
Then what does that make you? Pinkies are not for the faint of heart. At one time today my whole portfolio was down 1200 bucks. By days close only down 200 bucks and still like the stocks I hold. No one on any board should be making your descions.
Thanks. I have a good feeling about this stock also. Put TYTN on your radar. Might be a bit early but should have a nice little run in Jan.
I can never figure you out. I did not remove boardmark. Yes I bought again. I never understand your constant accusations.
Going to take another look at DNNC. Can not decide if .006's worth the gamble. I was hoping for .005's.
Any thoughts
This is still your board. When the time is right for you, I am sure you will be back trading. It is an addiction after all.:)
Great advice as always. Glad to see you posting again and sharing your views. Well at least most of them.lol
Well we are all gamblers. Roll the Dice.lol
Good luck to ya
Never followed that one. If your in and making money GREAT and a big OUI for you.lol
People may have AON orders in. The stock moves on air and large orders will be hard to fill.
I have a feeling it will drop before open. :(
Thank You
I know the mods are busy with real lives. If nothing else could one of you take the time to delete the share structure, since we know the ibox is wrong. People see AS of 10 billion and will not look on this stock to kindly.
Target Development Group and Hannover House Enter Into Film Library Ventures With Elite Entertainment and FOCUSfilm Entertainment
Dec 16, 2009 3:24:00 PM
Email Story Discuss on ZenoBank
View Additional ProfilesSPRINGDALE, AR -- (MARKET WIRE) -- 12/16/09 -- Hannover House, the film and video distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), has entered into a distribution venture to become the exclusive USA DVD and Blu-Ray distributor for the Elite Entertainment and FOCUSfilm Entertainment libraries, collectively adding more than 60 catalog titles and up to 20 new release titles to the Hannover House roster.
The distribution pact was negotiated between Target and Hannover President D. Frederick Shefte and Vini Bancalari, president of Elite Entertainment, Inc. and partner in FOCUSfilm Entertainment. The agreement was activated this week through the initial funds transfer from Hannover House, with additional installment payments slated over the coming months. Actual sales representation of the Elite and FOCUSfilm titles will commence in January 2010.
The Elite Entertainment label is the premiere science-fiction, fantasy and horror film independent video supplier in North America. Key titles include director Philippe Mora's alien-abduction masterpiece, "Communion" starring Christopher Walken; the big-foot monster classic, "Boggy Creek 2: The Legend Continues"; "Savage Harvest 2: October Blood"; and the 10-title horror series, "The Fearmakers Collection." The FOCUSfilm library contains a wide range of classics and international cinema favorites including multipacks of "Sherlock Holmes," "Ryder P.I." and the Orson Welles boxed set, "Citizen Welles." Additional titles, trailers and more information are posted at www.EliteDisc.com.
"This is an ideal marriage for both companies," Shefte said. "Elite and FOCUSFilm were looking to expand their distribution reach while Hannover House was looking to acquire more programming to present to our large and growing customer base. We feel uniquely qualified to maximize revenues from their catalog titles, and build on their exciting new release titles coming in 2010 and 2011."
"It's a multimillion dollar opportunity that adds significantly to Hannover's product roster and market credibility," he added.
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 D. Frederick Shefte at 479-751-4500 / email: dfs.hannoverhouse@sbcglobal.net.
Contact:
D. Frederick Shefte
479-751-4500
Email Contact
you beat me to the punch.lol
I do not know if it will be big news. I was going by someone who posted CEO will issue an update in Jan. That makes sense to me because of the Holidays. I like stocks with a story and this has one. Nice web page also. I did not think company was diluting. I on the other hand do not read charts and anyone who can and shares I appreciate.
Looks like MM do not want this stock to trade this afternoon. Big spreads can bring trading to a screeching halt. I hate when they do this.
I am a bit green now. See if it holds. I am going to hold TDGI unless a disaster strikes hold TYTN till Jan. Still have a bit of QASP. I doubt if I will do anything new before Jan. Holidays and friends visiting.
OK. I will be honest me and charts are not on a first name basis. lol
I will wait to see what you think. Your opinion always appreciated.