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TDGI NEWS --

NEW YORK, NY, Jan 07, 2010 (MARKETWIRE via COMTEX) -- Hannover House, the film
and video distribution division of Target Development Group, Inc. (PINKSHEETS:
TDGI) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse. com), is armed
with cash and ready to buy films as one of an elite group of recognized studio
buyers at the upcoming Sundance Film Festival. Funds from a variety of
off-balance-sheet acquisition ventures will enable Hannover House to compete
with the major studios for the distribution rights to the top echelon of "A"
level theatrical titles, said C.E.O. Eric Parkinson.

"We're actively pursuing commercial hits," said Parkinson. "Our acquisition
model of off-balance-sheet co-ventures will enable Hannover House to pay
significant advances if needed, yet limit the company's downside risk. We feel
that this sort of credit arrangement is more beneficial to our shareholders than
a traditional debt line or the issuance of new equity shares. It's a creative
way for the company to acquire the high-profile titles that will drive our
growing business," he continued.

Over the past 26 years, many key titles from the Sundance Film Festival hav e
gone on to achieve notable, commercial success. Hannover House will be attending
this year's festival looking to acquire the U.S. distribution rights to films
that have significant theatrical potential.

"Hannover House already has a solid line-up of new release titles for 2010,"
said Parkinson. "But we have room to add up to four major titles to our
schedule, and will be a highly visible player at this year's Sundance," he
concluded.

The 26th annual Sundance Film Festival will be held from January 21 through 31
in Park City, Utah. Hannover House is a wholly-owned subsidiary of Target
Development Group, Inc.

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 under lying the
forward-looking statements contained herein are reasonable, there can be no
assurance that these statements included in this press release will prove
accurate.





For more information contact:

Richard Prudenti

Director of Marketing & Publicity

479-751-4500

Email: Email Contact





SOURCE: Target Development Group, Inc.




CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=37C3D4E869CDA357




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SUBJECT CODE: Media and Entertainment:Movies

Financial Services:Investment Services and Trading