Sunday, March 14, 2010 6:52:43 PM
Target Division Expands Book and Film Acquisitions
NEW YORK, NY -- (Marketwire)
01/06/10
Hannover House, the entertainment distribution
division of Target Development Group, Inc. (PINKSHEETS: TDGI) (Other:
www.TargetDevelopmentGroup.com, www.HannoverHouse.com), will more than double its output of new release book titles in 2010, said company CEO Eric Parkinson. Encouraged by strong presales of the company's upcoming book release, "Made in the U.S.A." by best-selling author Barr McClellan, Hannover will accelerate the acquisition and release of other high-profile titles.
"Once a new book covers its initial releasing costs, the margins to Hannover House can be substantial," said Parkinson. "On a high-volume title like 'Made in the U.S.A.' the gross profit margin can exceed sixty percent.
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