Target Development Group, Inc. (Pink Sheets: TDGI) (Other: www.HannoverHouse.com), the parent company of entertainment distributor Hannover House, has completed a preliminary analysis of a corporate opportunity that would move certain assets and divisions of Hannover House to a separate, fully-reporting Bulletin Board entity in consideration of a premium stock issuance for existing shareholders.
Subject to a final determination of the stock conversion and redemption rate, to be specified following the completion of the audit now underway