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Hannover House sets sites on International Markets for $10-mm in Production Financing
Cannes, France, May 16, 2012 (GLOBE NEWSWIRE) -- Financing for the original feature productions of "Mother Goose", "Shadow Vision" and "Primate" will come primarily from international pre-sales and co-production ventures, said Eric Parkinson, CEO of Hannover House, Inc. (OTC Markets: HHSE). The company expects to generate about $10-million dollars worth of presales and co-production financing support for the slate of pictures that will drive the Hannover House schedule during 2013. The highest profile title, "Mother Goose", featuring Academy Award winner Shirley MacLaine in the title role, is a live-action fantasy feature that Hannover House compares to Tim Burton's "Alice In Wonderland" in terms of art direction and commercial appeal. "Shadow Vision" is a suspense thriller, and "Primate" is a creature-feature.
Negotiations are in play with key international buyers, said Parkinson, driven in large part by the high-profile concepts and cast attachments to these films. The cast for "Mother Goose" is expected to include at least one additional Academy Award winner, and will feature a several additional "A-level" stars in supporting and cameo roles. Hannover House is in negotiations for the hiring of a director for this film, and is expected to make an announcement during the Cannes Film Festival.
"Over the past few years, we have developed a solid distribution pipeline into the U.S. market, utilizing third-party acquisitions as our product sources," said Parkinson. "There are definite benefits to a business model that relies on third-party acquisitions. However, we've discovered that most of the top tier titles never make it to the festivals and markets as they tend to have their U.S. rights locked-up prior to production. For Hannover House to have a reliable supply of event-level pictures, we will emulate an element of the production business model for companies such as Lionsgate and Summit. This means that, for a handful of significant titles, Hannover House will acquire the production rights at an early stage and assemble the financing through international presales, partnerships and co-productions. This move will provide the company with assurances of having major titles to drive the release schedule, as well as the benefits of generating significant international revenues to supplement our domestic business model."
Hannover House is developing additional projects that the company feels would provide event-level tent-pole releases for 2013 and 2014.
"Our home video division has been performing very consistently for the past six months, and is on track for a great year," Parkinson continued. "All that Hannover House needs to truly break-out as a major independent supplier is one, moderate-level theatrical success. If we could be so fortunate to have a transformative home-run, such as a 'Twilight' or even a "Saw' series, then I think you'd see the company leap forward into the realm of $100-million-plus in annualized revenues."
The highest profile theatrical title currently on the Hannover House roster for 2012 is the August release of "Toys in the Attic," an acclaimed, stop-motion animated film, featuring the voices of Forest Whitaker, Joan Cusack, Cary Elwes and Vivian Schilling. Hannover House expects to release "Toys in the Attic" to most major American cities in August and September, before a high-profile home-video and video-on-demand release in January, 2013. Other announced theatrical releases this year include the Russian thriller, "The Weather Station" and the Mexican action-film, "Asalto Al Cine." High-profile titles for home video release include "Humans Vs. Zombies", "Patient Zero", "Hostage" and "The Mothman Chronicles."
I agree 100%! Go HHSE!!
Oh yeah, duh. They are working on audited financials - self imposed goal of end of June for 2010 & 2011 numbers. They finally gave up after a year or so trying to get 2009 numbers from the previous ownership.
What is a QB?
Profit % was 65% in Q1 2012.
Profit % was 41% in Q1 2011.
Pretty good increase to me!
There's been some very weird trading on it lately. I think it was Wednesday we were set to close up around .034 then someone dropped a 1 million ask at .03 three minutes before close. The order was then gone the next day, perhaps spread out at many levels.
About 15-18 months ago this was up near .066 on speculation they were going to try and buy out blockbuster through private off-sheet investors.
Hopefully they follow through and file the Q1 before Monday. HHSE will be testing the 52-week high of .036 before too long!
I agree, hope to see the actual Q1 posted this weekend. HHSE is going to test the 52-week high of .036 very soon!
$HHSE news out!
HHSE Facebook News, $394,410 Q1 Profit!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
$HHSE news out - Q1 profits!
HHSE Facebook News, $394,410 Q1 Profit!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
$HHSE Q1 is out, should be a double from here!
HHSE Facebook News, $394,410 Q1 Profit!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
$HHSE Q1 is a beast!
HHSE Facebook News, $394,410 Q1 Profit!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
$HHSE facebook news and Q1!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
$HHSE news is out. Per Facebook it's a record Q1!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
$HHSE Q1 is expected on Monday. For now, Facebook news!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
HHSE Facebook News, $394,410 Q1 Profit!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
HHSE Q1 expected on Monday!
Per Facebook:
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
HHSE Facebook News, $394,410 Q1 Profit!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
HHSE Facebook News!
Full Q1 Financials for Hannover House posted today on the OTC Markets and Newswire. As previously disclosed, even after taking a large rainy-day reserve on sales, the company still posted a profit of $394,410 against adjusted revenues of $603,635! On track for a record year..! Go HHSE Team!
You & me both. Hope it's on time with their projected date.
That's the case almost every day!
The next leg up is starting. I have a feeling Q1 is going to show some nice numbers!
I very briefly saw a million order buy as the best bid. It's either hidden or been removed.
Crazy, I could have unloaded over a million shares at or above .028 today and we still have 2 hours to go!
Go HHSE!
Gotta love that volume - over 1,000,000 with 2.5 hours to go today!
Thanks for helping HHSE break into the top 10 most active!
Great buy! EBL was that yours?
I think this is more like what's going on with HHSE.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65005955
Then immediately it changes to 20k. Great stuff!
Well someone is up to games this morning with the ask. .032 has showed all morning, and no more than 11k - despite it being hit for 193k already.
Somehow I don't think that was it.
Looks like buyers aren't getting anything cheap today, .032s printing - not .0132s. LOL
Bam! .032 on the ask and only 50k left there.
I think it's about time to party. Q1 within a week, audit not far behind!
I have a feeling we're going to test that soon-to-be 52-week high of .036 very soon!
Temporarily delayed...it's still coming!
The audit is still the audit. If it comes out July 15th, it's not a big deal to me. Hopefully they would be forthright in announcing any delays and why it would be late. It better not be late Eric!
Due to their track record, I can't say I 100% expect to see the audit June 30th. But also due to their track record, I do believe it will get done and most likely this summer sometime.
We'll get there this year. HHSE is a better company today than when that hype went on. Q1 should be excellent, and there's always the audit self-imposed due June 30th. I really think they're working hard to meet that date.