Hannover House Inc (HHSE)

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TDGI Off-Balance Sheet Financing Discussed


TDGI has already discussed this in their March 19, 2010 Filing at Pinksheets.


BOARD AGENDA ITEM “A” – Approval of Off-Balance Sheet Financing Opportunities –
The Board reviewed the proposal set forth by C.E.O. Eric Parkinson regarding the financing for the acquisition and release of major, theatrical-caliber titles, including director Joel Schumacher’s drama, “TWELVE.” Under the Parkinson plan for “TWELVE”, the financing required to pay for the film’s license fee advance (USD $1.75-mm) and for the film’s Prints & Advertising / theatrical releasing costs (approximately USD $2-mm) would be funded through a combination of private investor funds, supplier credit terms, pre-paid advertising and internal corporate cash resources, and would not require an issuance of company stock or equity. The private investor funding portion would be repaid with a priority recoupment position from incoming revenues of “TWELVE” and an ongoing participation in the company’s applicable distribution fees for that specific title, but that the venture would not be structured as a corporate debt obligation. As such, the private funding venture for “TWELVE” would not hold recourse against the company other than against the rights granted in and to that specific title. Additional funding opportunities were discussed covering supplier credit proposals from three media placement agencies and from two major film laboratories, which would be supplemented with cash flow from the company’s operations to collectively fully fund theatrical releasing expenditures. The Board voted to approve this plan for the financing of the acquisition and release of “TWELVE” and to use this funding structure for the company’s pursuit of additional, high-profile features.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30013

Other Pinksheet CEO's would simply dilute their stock. This is why we benefit from having a CEO with NASDAQ experience. We have the several million dollars needed to begin Theatrical Release Operations AND our share count has not changed since the Company was formed in December 2009.



TDGI


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