Hannover House Inc (HHSE)

[poster44ny]

1). Audit issues relating to our 12-31-2024 year-end and OTC:QB uplist have been resolved, but require some management consideration of optional issues. For instance, capitalized costs for prior production investments, marketing expenditures and prepaid royalty advances, may prove to be more beneficial to the company if written-down (in full or in part) to create a Net Operating Loss as an offset anticipated taxes from the company's current activities. The upside is that HHSE could retain more of the funds from the current revenue activities... the downside is that future income from such capitalized ventures would be taxed from first dollar, without offsets. A decision on direction must be made soon, as the 12-31-2024 filing is due to the OTC Markets this week.

2). Regarding WILDFIRE, the film's April 19 theatrical launch is further delayed due to timing issues relating to the film's major studio streaming venture. The theatrical release cannot occur earlier than 60-days prior to the Studio streaming premiere... so we are forced to acquiesce to their schedule. There's a lot of money involved, so following the studio lead is a no-brainer.