Hannover House Inc (HHSE)

[poster44ny]

Hannover House New Stock Offering does not include Stock Restructuring
Press Release | 11/26/2019
The recently announced S-1 offering for Independent media distributor Hannover House, Inc., (OTC: HHSE) does not include a stock restructuring or "reverse-split" announced C.E.O. Eric Parkinson today.



"We plan to offer a total of 150-mm common stock shares under the S-1 Registration, at prices starting at $.03 per share and rising to $.08 per share," said Parkinson. "Although a full subscription of all S-1 shares would take the total share count past one-billion total, we do not see any benefit to shareholders in pursuing a reverse-split at that time or at anytime ever. There is an abundance of evidence that demonstrates that reverse-splits always result in an overall decrease, often subtantial, in a company's market cap. We see no value in such a stock restructuring," he concluded.



Parkinson said that his comment on the stock structure was borne out of a need to respond to shareholder questions on this topic. As Hannover House moves into the filing pre-filing stages for its Form 10 Registration - and near simultaneous S-1 stock offering - shareholder interest and questions have covered a wide range of issues including stock structure.



Additional information on the company's activities and filings will be released this week, said Parkinson. Hannover House was founded in California in 1993 and has operated continuously for 26 years as a multimedia production, distribution and publishing company. The company's theatrically released films have been exhibited by all major USA theatre chains (including AMC, B&B, CINEMARK, HARKINS, MALCO, MARCUS, MEGAPLEX, NATIONAL AMUSEMENTS, READING/CONSOLIDATED, REGAL ENTERTAINMENT and SMG). The company's largest domestic home video and streaming distribution customers include BEST BUY, FAMILY VIDEO, HULU, NETFLIX, REDBOX, TARGET and WALMART STORES, INC.

https://www.otcmarkets.com/stock/HHSE/news/Hannover-House-New-Stock-Offering-does-not-include-Stock-Restructuring?id=247561