Thursday, May 01, 2014 6:49:12 AM
Dear HHSE Shareholders - in support of the Form 10 Registration Statement, HHSE has been advised to provide a more "media-specific" breakdown to the Company's 2013 revenue results; additionally, in support of the Company's new ventures and financing, we have been advised to provide an analysis / snapshot of how 2014 is developing into revenues (which includes management's forecasts for next month's CANNES Film Festival launch of Medallion International Pictures, and a year-end forecast for this summer's consumer launch of the VODWIZ streaming service). Management feels that a combined revenue goal in the $10-mm range is realistic and obtainable. If earnings margins maintain at the 2010 - 2013 rate, then such a result would support a share price in the range of $.15 (based on current P/E ratios for this industry sector).
The Form 10 Registration is being reviewed and adjusted in order to minimize the likelihood of significant "comments" back from the Securities & Exchange Commission. HHSE Management makes no representation, warranty or guarantee that 2014 gross revenues will continue through the end of this year at the current rate (which is presently tracking at $10-mm) or that the stock share price will reflect the industry average price-earnings ratios. Still, this data is relevant for shareholder analysis, and has been suggested for inclusion in the Form 10 filing.
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Hannover House, Inc.,
Revenue Snapshot 2013
2013 2014
REVENUE DESCRIPTION Results Analysis
DVD / BD Home Videos $ 1,007,412 $ 1,635,000
V.O.D. Subscription $ - $ 430,000
V.O.D. Transactional $ 13,993 $ 27,400
Book Publishing $ 109,150 $ 256,000
Theatrical Settlements $ - $ 80,000
Misc - IRS Rebate $ 1,506 $ -
Audio CD Sales $ - $ 1,250,000
New Title, Intl. Sales $ 2,000,000 $ 4,500,000
Catalog, Intl. Sales $ - $ 88,000
Television Licenses $ - $ 125,000
VODwiz Income $ - $ 2,500,000
GROSS REVENUES $ 3,132,061 $ 10,891,400
Pre-Tax Earnings $ 1,154,556
Margin Percentage 36.86%
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