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The VODwiz website launch (and IPTV Channel) are in full on-boarding mode now for a late August consumer launch. Checkout the impressive data storage technology being utilized to hold 2,500 High-Definition full-length feature films for V.O.D. Streaming >> http://hannoverhousemovies.blogspot.com/2014/07/impressive-technology-drives-vodwiz-on.html
Impressive Technology drives VODWIZ on-boarding process...
With ten (10) indie studio partners committed to the VODWIZ consumer launch next month, the HHSE management is focused on the technical "on-boarding" process for each title. HD files of each movie - including "meta-data" (that drives the listings information and menus), and "closed-caption" options - each take up close to 100-GIGABYTES of storage in the Apple ProRes formats. So what are some of the solutions for on-boarding 2,500 full-length movies requiring (approximately) 250,000 GIGS of storage? For our primary VODwiz supplier partners, we're utilizing 4-Terabyte Drives from Seagate, stacked five to a series inside of Venus 75-C drive towers.
It's surprisingly compact when you realize that one of these little Venus tower units is holding the High-Definition data files for TWO-HUNDRED (200) feature films!
The entire VODwiz library launch titles can be stored onto about twelve of these towers. Now, think back about ten or twelve years ago... remember that COMPAQ or DELL desktop tower that you had? How much memory did those carry... maybe FOUR gigs if you had special media needs? TEN Gigs if you were a geek programmer? Compare yesterday's technology to this little tower (below) that holds TWENTY-THOUSAND Gigabytes of storage!!!
ANYWAY - VODwiz on-boarding is now in full-swing mode... and the consumer launch plans are being assembled. The plan is for a consumer rollout in late August, driving movie audiences to the site once we have tonnage of title availabilities.
Posted by HHSE at 3:28 PM
HHSE
Hannover House Acquires Worldwide Rights to Halloween-Themed Thriller "Clown Town"
Jul 03, 2014
OTC Disclosure & News Service
Los Angeles, CA -
Independent entertainment distributor Hannover House, Inc., (OTC: HHSE) has acquired the worldwide distribution rights to Truman Nicholson's Halloween-themed thriller, "Clown Town," the company announced today. The film is now in preproduction for an October, 2014 shoot, which is expected to occur primarily in and around Fayetteville, Arkansas.
"Clown Town" tells the story of an abandoned amusement park, shuttered since a bankruptcy that followed a tragic roller coaster accident. But the park is not uninhabited. The son of Bonkers the Clown - who was sentenced to death for allegedly sabotaging the roller coaster - has grown into a very angry man, bent on revenge against the town that unjustly prosecuted and killed his father. On Halloween night, the new Bonkers sets out on a rampage to make Halloween a night that the local residents will never forget.
"We were attracted to this project for a variety of reasons," said Hannover House C.E.O., Eric Parkinson. "The film is written and designed to seek a PG-13 rating, as opposed to a more restrictive rating that would likely occur if gore and violence were shown. The frights in 'Clown Town' are from scenes of suspense, and not from scenes of graphic horror, so this will give the film a strong appeal to younger audiences as well as to mainstream television. Also, the seasonality theme enables us to remarket the film each year for video and television. Next, the structure of the private financing for the film's production was attractive as it enabled Hannover House to acquire worldwide rights without encumbering the company's cash position. Lastly, the principal team and cast members include some very competent and proven filmmakers and actors and this should result in a quality film with commercial stature."
Hannover House will commence sales of "Clown Town" at the American Film Market / IFTA conference in Santa Monica this November. Domestic release plans, including the decision for theatrical distribution, will be made upon completion of the film. Key theatrical exhibition chains that carry Hannover House titles include (alphabetically) AMC Theatres, BowTie Cinemas, Carmike, Cinemark-Century, Clearview Cinemas, Emerging Pictures, Harkins, Malco, National Amusements, Pacific, Rave Motion Pictures and the Regal Entertainment Group (including Regal, Edwards and United Artists Theatres).
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.
Copyright © 2014 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
http://www.otcmarkets.com/stock/HHSE/news?id=83898
AMERICAN JUSTICE - Speed Release Record for HHSE!
Sometimes, all the pieces just come together quickly and perfectly! HHSE screened the action film "American Justice" at the Cannes market on Monday, May 19th. On Tuesday, May 20, we had an "agreement in principal" with the licensor (Paseo Miramar Studios); by early June, a long-form document was fully executed... and by June 30, the entire marketing and release campaigns were completed (including packaging, distributor outreach and initial placement commitments for our top customers).
In forty-two (42) days we went from "nice movie" to "Hannover House release." We're pretty sure that this is a speed-release record for HHSE! Onward & Upward!
http://www.hannoverhousemovies.blogspot.com/
HHSE.
Of all the films HHSE screened last month at Cannes, "On Any Sunday: The Next Chapter" was the most visually impressive, non-stop adrenaline rush of them all! Check it out! www.OnAnySundayFilm.com
http://www.onanysundayfilm.com/
HHSE
Cool! The Hannover House new production of "Black Eyed Dog" just made the front page of today's Cannes Film Festival edition of Business of Film! Only 12 films in the entire world have this honor (for their twelve daily Festival editions).
http://thebusinessoffilmdaily.com/Dailyeditioncannes2014/henri_D5.html
HHSE
Happy Father's Day (next month!). So pleased that the HHSE Basketball documentary "Fathers of the Sport" has been chosen by WALMART for June promos! Link below is to Amazon, to show the box art...
http://www.amazon.com/Fathers-Sport-Wilt-Chamberlin/dp/B00A422ABG/ref=sr_1_sc_1?ie=UTF8&qid=1400241525&sr=8-1-spell&keywords=fathersof+the+sport
HHSE
He's the Man! Amadeus Pictures President (and film star) Damien Chapa congratulates HHSE's CEO Eric Parkinson, on closing a deal for three direct-to-video titles for USA today at Cannes. Spanish thrillers "Vatos Locos" and "Mafia Man" are headed into Walmart in Sept. and Oct.; documentary expose' "Secrets of the Illuminati" will be released in November.
HHSE.
WOW! "Toys in the Attic" DVDs at Walmart locations are 90.8% SOLD in the first three weeks of the re-priced release! Now only $9.96 in stores or on-line. http://www.walmart.com/ip/23756117
HHSE
Blog:
HHSE Featured on "TheStockRadio" website, check it out!
Hannover House C.E.O. Eric Parkinson was interviewed yesterday for "TheStockRadio" website. His interview has just gone "live" and will be promoted for about a week on their website (which reaches over 100,000 investors and traders in the USA, Canada and U.K.). Nice placement!
http://thestockradio.com/hhse-hannover-house-inc-ceo-eric-parkinson/
http://www.hannoverhousemovies.blogspot.com/2014/04/hhse-featured-on-thestockradio-website.html
HHSE
HHSE Featured on "TheStockRadio" website, check it out!
Hannover House C.E.O. Eric Parkinson was interviewed yesterday for "TheStockRadio" website. His interview has just gone "live" and will be promoted for about a week on their website.
http://thestockradio.com/hhse-hannover-house-inc-ceo-eric-parkinson/
HHSE
Accounting Primer - Cash vs. Accrual Accounting for Film Distributors / Studios
Greetings HHSE Friends - Although this issue should be obvious to most - and although we've addressed it several times in the past to "'splain it to Lucy" and others - we still occasionally get emails or inquiries about how Hannover House (and other film distributors) account for sales, revenues and profits.
There are two principal methodologies for recording revenues under the "Generally Accepted Accounting Principles" as practiced by the major USA accounting and audit firms.
1). CASH ACCOUNTING is the way that most individuals or small businesses "account" for revenues. For instance, if you operated a "COFFEE SHOP" (as an absurd example), you would likely record all of your $1 sales of coffee on a "cash" basis, then deduct all of your direct costs of supplies and operations to determine your "pre-tax income." That sort of cash-basis accounting is perfectly fine for small businesses and individuals who don't have significant "contracts receivable" for substantial amounts due to the business in the future.
2). ACCRUAL ACCOUNTING is the way that most manufacturing businesses, video distributors or larger entities with "contract receivables" account for their activities. For instance, when Hannover House licenses a movie (such as "All's Faire In Love") to Netflix for subscription streaming... their contract payment of $250,000 is made to Hannover House through twelve (12) equal quarterly installments (e.g., the payments are spread out over the 3-year license period for the title's initial subscription rights sale). Hannover House will "recognize" this sale as it happens... then slowly collect the revenues over the term of the agreement. As another example, international presale contracts can be "recognized" as executed, although the cash-flow from those forms of sale is not generated until the movie is actually delivered to the purchasing entity. An airplane manufacturer such as Boeing / Spirit Aviation might immediately "recognize" ("book") the revenues from a $50-billion contract for jet planes, even though it might be years in the future before the actual delivery of planes occurs and the payment is rendered; meanwhile, they can expense the tools, staff and manufacturing costs related to that sale, as it has already been recognized as an offset to the revenue portion of the transaction.
It has been no secret that Hannover House incurred a lot of debt in 2010 with the acquisition and release of the film "Twelve." It has also been disclosed that the company is choosing to immediately reinvest as much "surplus" cash flow as possible in release activities (growing our revenues, stature and bottom line with more DVD, Book, VOD and International releases). Managing the old debt, maintaining the operational overhead, and investing in an enhanced release slate are all drains on the company's cash flow resources. Confusion has occurred when some shareholders look at the consistent (and growing) profitability for HHSE and assume that accrued sales to Netflix (for instance) equals immediate cash-in-hand today. Unfortunately, it doesn't work that way.
If Hannover House selected an amount of cash to "sit on" (such as $250,000 to have "on-hand" at any given time, but simply not ever touched), this would not be a good use of the capital in Management's opinion. There are income producing opportunities and releases requiring modest investments, and it's arguably bad-form to sit on cash when some creditors have been patiently accepting small payment installments over the past few years. The HHSE management treats cash with great respect. We use it to build the business with new releases, while balancing the obligations from the past with the current operational needs.
On an accrual basis, Hannover House is consistently profitable - and it's likely to grow exponentially this year. But on a cash basis, if the company is ever significantly CASH RICH, then we're probably missing out on growth opportunities to benefit shareholders... and this philosophy of reinvesting all reasonably available revenues should persist at least until HHSE achieves the level of $100-mm per year in revenue turnover.
If cash-vs.-accrual accounting is too complicated for some people to understand, perhaps they are better suited to invest in a neighborhood coffee shop... something that doesn't require much brain power to follow and accurately analyze.
Hannover House is competing in the same arena as media giants, and the company is surviving and growing without the huge resources that a Comcast or Sony can access. The upside for our shareholders is phenomenal, and the ability to reach such goals is realistic and proven through the prior successes of CEO Eric Parkinson (as C.E.O. of Hemdale, e.g. "Terminator", "Platoon", "Hoosiers") and D. Frederick Shefte, Esq. (as a partner in the prestigious San Diego firm Seltzer, Caplan, Wilkins & McMahon). Thanks to our many, legitimate shareholders and supporters, this is going to be a very exciting summer and year for HHSE.
http://www.hannoverhousemovies.blogspot.com/
HHSE
Updated Company Website:
http://www.hannoverhouse.com/
HHSE
What's next for HHSE? Well, in addition to our core-slate of Horror and Family DVDs, our new multipacks and our super-exciting major theatricals (with Medallion Intl. Pictures), we're also finding niche success with "Urban" products such as NEXT UP, SUNSHINE, PAPPA CAP and FATHERS OF THE SPORT. Revenue growth through genre diversity!
HHSE
STREET DATE AT WALMART! No more singin' the blues... get BLUES FOR WILLADEAN now at select Walmart locations, or at Walmart.com!
http://www.walmart.com/ip/Blues-For-Willadean-Widescreen/29860920
HHSE
ITEM 1 - MINUTES OF THE BOARD OF DIRECTORS MEETING OF FEB. 3, 2014
A special meeting with proper notification of the Company's Board of Directors was held at
11:00 am on Monday, February 3, 2014 at the Company's principal headquarters in Springdale,
Arkansas. The following minutes cover agenda items discussed, and where noted, acted upon by
the Board of Directors.
1). APPROVAL OF SPECIAL PURPOSE, IRISH-DOMICILED ENTITY - The Board
reviewed a financing deal structure to facilitate the funding of up to $12-million dollars for the
production of the fantasy feature film "Mother Goose: Journey To Utopia." In order to access
some aspects of the funding that require certain components of "European Content" qualification,
the formation of an E.U. based entity to perform some production functions related to this project
is indicated. The Board approved the formation of such an entity, and accepted the
recommendation of Eric Parkinson to engage a Dublin-based law firm to facilitate the entity
formation and the submission of the E.U. qualifying filings. The Board also discussed the other
elements and funding sources that collectively will comprise the total production financing for
this project. Details of the financing for this major production are planned for announcement and
discussion at the Shareholder's Meeting, Feb. 21, 2014, with a market launch of the film at the
Cannes Film Festival and Marche du Filme in May, 2014.
http://www.otcmarkets.com/financialReportViewer?symbol=HHSE&id=115976
HHSE
Throwback Thursday! Great times with HHSE buds ARNOLD and VIVIAN SCHILLING at the 1992 Saturn Awards, Universal City, CA. Arnold's TERMINATOR 2 cleaned up that year, alongside Vivian's SOULTAKER for best video release. Schilling's film inspired a whole new genre of films & TV, including "City of Angels", "Final Destination" and "Dead Like Me." Would be nice to re-release SOULTAKER after a lengthy moratorium...?! Maybe even a reboot like the recently successful CARRIE reboot?
HHSE
Opening in Theatres: April 10, 2014: WIDE BLUE YONDER, a heartwarming English-comedy starring Lauren Bacall, Brian Cox and James Fox. This is an enchanting and quirky, English comedy in the vein of "Four Weddings and a Funeral" and "Waking Ned Devine." An exciting new release from HHSE.
http://www.wideblueyonderthemovie.com/
HHSE
Hannover House cancels Debt Conversion Venture and Officer Trading Plans to reduce public share count
Jan 08, 2014
OTC Disclosure & News Service
Springdale, AR -
Hannover House, Inc. (OTCPINK: HHSE) has submitted to MacReport Media a Form 8k Information Statement to be filed today with the Securities and Exchange Commission, describing the cancellation of three stock ventures that will collectively reduce the amount of publicly-available shares in the company by 16.2-million shares.
A Debt Conversion transaction, entered into last August with Greenwood Finance Group, LLC, has been terminated, and a total of 6.2-million freely-trading shares will be immediately returned into Hannover House treasury stock (and thus removed from the market). Additionally, 10(b)5-1 Trading Plans for Hannover House officers Eric Parkinson (CEO) and D. Frederick Shefte (President), which were registered with the S.E.C. last year, have been withdrawn, with all of the 10-million officer-owned shares returning, intact, to "restricted" sale status under Rule 144.
Increasing sales revenues from the distribution of DVDs and Blu-Ray products to Walmart and Redbox have improved Hannover's cash flow over the past year, diminishing the need for significant debt-conversion activities. Additionally, the company's recent entry into major feature film development (and international presale activities) is providing new revenue streams for operations and payables management. The cancellation of the Greenwood venture is felt to be in the best interests of the Hannover House shareholders. The cancellation of the officer 10(b)5-1 Trading Plans represents the ongoing confidence of management in the company's direction and growth, and the analysis that the current share price for the HHSE stock is significantly undervalued.
About Hannover House
Hannover House is a full service media company, specializing in the production and distribution of feature films onto the DVD format for the North American retail marketplace. Formed in 1993, Hannover House concentrated its activities exclusively in the literary, book-publishing industries until ?2003 when the company entered into the DVD marketplace. Now, with over 70 DVD titles in active distribution, Hannover House has quickly ascended to a dominant role as a leading, independent distributor of DVD?s. The company is particularly noted for its successes in placing DVD titles within mass merchandisers and key chain stores.
Retailers carrying Hannover House products include thousands of independently owned and operated retail video stores and bookstores, including Barnes & Noble, Best Buy, Blockbuster, Costco, Fred Meyer Group, SAM?S Club and Wal-Mart as well as all major Internet retailers.
Hannover House (PINKSHEETS: HHSE) trades on OTC Pink, the open marketplace for a wide spectrum of equity securities. Investors can find real-time quotes and market information at www.otcmarkets.com.
"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
# # #
FOR MORE INFORMATION CONTACT: Fred Shefte, 479-751-4500, Fred@HannoverHouse.com
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
HHSE
Announcement of Annual Shareholder's Meeting - Hannover House (HHSE)
http://www.hannoverhousemovies.blogspot.com/2013/11/announcement-of-annual-shareholders.html
Happy to be helping the producers of "Apocalypse Now" (AMC TV reality show pilot about people preparing for Armageddon!!), with grip and lighting rentals from HH.
https://www.facebook.com/hannoverhouse?hc_location=stream
HHSE.