Hannover House Inc (HHSE)

[Cpoulsen2]

Hannover House Files Registration, Announces Corporate Goals

Mar 12, 2015
OTC Disclosure & News Service

New York, NY -

Independent film production and distribution company Hannover House, Inc. (OTC: HHSE) has completed and filed a Form 10-12(g) registration statement with the Securities and Exchange Commission, which the company reports will be followed with a rapid expansion of new activities and ventures. Enhanced film distribution activities will be evident with a significant increase in new release titles for theatrical, video and video-on-demand release. The company's consumer streaming portal, VODWIZ, will move to priority status, and preproduction and financial structuring activities for the production of seven, higher-profile feature films will accelerate. The Hannover House registration statement can be viewed at:
https://www.sec.gov/Archives/edgar/data/1069680/000147124215000032/hhseform1012g02202015.htm


Hannover House, Inc. was established in 1993 in the book publishing industry, and expanded to DVD and film releasing in 2002. Over the past twelve years, Hannover House (and its recently formed Medallion Releasing label venture) have emerged to become one of the most prominent and prolific suppliers of independent films in the U.S. market. During the first six months of 2015, Hannover and Medallion supplier labels will release a total of thirty new release films and twenty-four repriced titles to the USA home video market – a volume of releases that is more than six-times greater than the company’s total output during 2014. Additionally, Hannover House will be releasing five films to theatres during the next five months, which activities will collectively elevate the labels to a major independent status within the industry.

"It's taken several years to reach this point. But it's safe to say that we have arrived," said Fred Shefte, President of Hannover House. "Filing our Form 10 Registration has been a crucial step towards our corporate goal of an uplist of the stock to the OTC QB markets, which we are now proceeding to achieve. Our shareholders have sought the validity of having audited financials and the credibility of being a fully-reporting security. As we grow our revenues in 2015 and 2016, having these key corporate governance tasks completed provides a solid foundation for growth," he concluded.

The core business for Hannover House, the retail sales of DVDs and BluRay units, has seen significant growth in the past few months.

"Under the direction of our new V.P. of Sales, Tom Sims, and his Medallion Releasing structure, we have more new release titles now shipping and streeting during the first quarter of 2015 than we had during the two previous years combined. The wholesale and retail response to this product slate has been superb, and we will maintain this aggressive pace throughout the year. It's a very exciting to watch our revenues grow exponentially under this new, Medallion multi-studios structure," Shefte concluded.

Tom Sims, formerly the Walmart Video Buyer for Anderson Merchandising, has organized a consortium of independent supplier studios to combine sales activities under Medallion Releasing, a distribution unit of Hannover House. Sims operated a similar venture at Vivendi/Universal Music Group, which combined titles from approximately ten supplier studios under a single sales and distribution banner. The business model has resulted in a rapid expansion of release activities and revenues for the combined entities.

Key new release DVD and BluRay titles for Hannover House and Medallion Releasing supplier studios during the first half of 2015 include:

"American Justice" – Action Adventure starring Tommy Tiny Lister, John Schneider, James Russo, Vida Guerra and Johnny "Nitro" Hennigan; "Gabrielle" – Horror-Thriller starring Michael Madsen; "Silent No More" – drama starring Kim Whitley and K.D. Aubert; "Dinosaurs of the Jurassic" – Kids Educational starring Dr. Scott Sampson; "Salvation" – Thriller starring Ryan Donowho and Angel McCord; "Yoga Fit" starring CBS Sports personality Allie LaForce; and "Bad Apple" – Christian drama starring Rhoda Griffis and Darrin Dewitt Henson. Principal budget-priced releases and reissues include: "3 Geezers" starring Tim Allen, Kevin Pollak and J.K. Simmons; "Love Beat the Hell Outta Me" starring Terrence Howard; "War Flowers" starring Christina Ricci and Tom Berenger; "Grand Champion" starring Emma Roberts, with Julia Roberts and Bruce Willis; "Doonby" starring John Schneider; and "Jules Verne’s Mysterious Island" a SyFy Channel movie.

Key theatrical titles for Hannover House in the next few months include the international festival hit, "The Algerian," the suspense-thriller, "Dark Awakening" and the nature docu-drama "Bonobos: Back to the Wild."

During 2015, Medallion and Hannover House expect to have a total of fifty new release titles and forty-five re-issues or budget-priced promotions. Key theatrical releases will likely drive DVD and BluRay revenues for 2016 as these higher-profile theatrical titles tend to generate significantly greater video revenues than the direct-to-video fare.

ABOUT HANNOVER HOUSE - Founded in 1993 as a book publisher, Hannover House added DVD products in 2003 and has grown the business into a well-recognized brand in the independent film marketplace. The company also maintains a presence in the Audio CD format and Book Publishing platforms. Key retail accounts for Hannover House include Walmart Stores, Inc., Redbox, Netflix, Best Buy, Target Stores, Barnes & Noble and thousands of independent video retailers, schools, libraries and booksellers. The company also sells entertainment products to a wide range of internet sites, and services most major video-on-demand portals. Another significant venture, VODwiz, combines elements of the Medallion Releasing multi-studio model into a one-stop video-on-demand streaming site, which will begin promoting the service to consumers over the next few months. Hannover House stock is traded on the OTC Markets under ticker symbol: HHSE.

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.
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