Hannover House Inc (HHSE)

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NEWS --

PARK CITY, UT, Jan 25, 2010 (MARKETWIRE via COMTEX) -- Sundance Film
Festival
-- Hannover House, the entertainment distribution division of Target
Development
Group, Inc. (PINKSHEETS: TDGI) (Other: www.TargetDevelopmentGroup.com,
www.HannoverHouse.com), has closed its first acquisition agreement at
the
Sundance Film Festival, and is moving towards closure on three
additional
titles, reports company C.E.O. Eric Parkinson.

"Edgar Allen Poe's Requiem For The Dead," from producer Robert Tinnell's
Allegheny Image Factory, is the first title bought by Hannover House
during
Sundance. The company plans to market the PG-13 level thriller as a
hybrid
release, appealing to both horror audiences and fans of Poe's classic
literature. Previous feature films from Producer-Director Tinnell
include
"Believe" starring Elisha Cuthbert, "Airspeed" starring Joe Mantegna and
"Kids
of the Roundtable" starring Malcolm McDowell.

Hannover is also pursuing several high-profile theatrical titles at the
Sundance
Festival. "The Company Men" starring Ben Affleck, Tommy Lee Jones, Chris
Cooper
and Kevin Costner, directed by John Wells, is one of Hannover's top
targets and
negotiations have commenced with C.A.A., the agency representing the
film.
Hannover is also looking closely at acquisition opportunities for the
Joel
Schumacher drama "Twelve," starring Emma Roberts, Chase Crawford and 50
Cent, as
well as two features represented by Cinetic Media, the thriller "Holy
Rollers"
(starring Jesse Eisenberg and Justin Bartha) and the drama "The Kids Are
All
Right" (starring Julianne Moore, Annette Bening and Mark Ruffalo).

"These are just a few of the titles we are looking at for possible
acquisition,"
said Parkinson. "We're impressed with the selection of theatrical
quality films
at Sundance this year, and feel confident that we'll prevail in our
pursuit of
several major acquisitions."

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.





For more information on Target Development Group, Inc. and Hannover
House,

contact:

Eric Parkinson

CEO

Hannover House

818-481-5277

Email Contact





SOURCE: Target Development Group, Inc.




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