TDGI NEWS (Repeat) --
Jun 12, 2010 (Close-Up Media via COMTEX) -- Target Development Group, the
parent company of entertainment distributor Hannover House, has completed a
preliminary analysis of a corporate opportun ity that would move certain assets
and divisions of Hannover House to a separate, fully-reporting Bulletin Board
entity in consideration of a stock issuance for existing shareholders.
According to officials, subject to a final determination of the stock conversion
and redemption rate, to be specified following the completion of the audit now
underway, the Target Board plans to present the opportunity to TDGI shareholders
this month. The proposed venture, if consummated, would include a significant
amount of new financing for Hannover House operations and releases.
Additionally, the official theatrical trailer for the Hannover House film,
"Twelve" will have its broadcast debut on Entertainment Tonight, airing Friday,
June 4. The trailer and official movie poster art were posted on-line by MTV, a
cross-promotional sponsor for the film. Hannover House has moved the release
date of "Twelve" to July 30. The film had previously been slat ed for release on
July 2, against the similar-skewing-audience blockbuster, "Twilight: Eclipse."
"Our marketing materials for 'Twelve' turned out superbly," said Hannover House
C.E.O., Eric Parkinson. "We've been offered significant placement opportunities
for the trailer to appear on major films throughout late June and the entire
month of July. When you factor in the dramatically less-competitive releases
that we would be up against on the weekend of July 30, it made complete sense
for us to move the release date of the film."
Hannover House will be conducting a press day in New York City on June 21, in
support of the upcoming release of "Twelve." Principal stars from the film will
be interviewed for national television programs, including Entertainment
Tonight, Showbiz Tonight, Access Hollywood, Inside Edition, MTV, B.E.T., E! TV
and more.
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