Hannover House Inc (HHSE)

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NEWS --

NEW YORK, NY, Oct 06, 2010 (MARKETWIRE via COMTEX) -- The Toronto Film Festival
buzz-title "Girlfriend" and a Spring 2011 family production have been added to
the film release roster of Hannover House, the enter tainment division of Target
Development Group, Inc., (PINKSHEETS: TDGI). "Girlfriend" will be launched in
theaters in New York and Los Angeles in December, as a qualifying condition for
2010 awards consideration, with a theatrical release expansion planned for late
January 2011.

Produced by Beverly Hills-based Wayne/Lauren Film Company in association with
PatchMo Entertainment, "Girlfriend" introduces Evan Sneider, the first actor
with Down syndrome to be cast as a leading man in an American film. Sneider's
star-making performance is supported by Amanda Plummer ("Pulp Fiction"), Jackson
Rathbone (the "Twilight" saga) and Shannon Woodward (from the acclaimed new Fox
TV comedy "Raising Hope") in the title role. "Girlfriend" was written and
directed by Justin Lerner.

"Daddy's Little Hero" is a live-action, family-appeal feature which commences
production in April 2011 under the helm of director Andrew Parke. Based on a
story by Joseph A. Schilling, the PG-level adventure features a nine-year-old
boy whose heroic actions save the family farm and the lives of dozens of rural
neighbors. Financing for the film is being provided through SGP Ventures, LLC,
with Hannover House handling worldwide distribution, sales and licensing.
Casting is underway, and is expected to draw several high-profile stars in key
roles.

"As Hannover House expands our distribution to include international sales and
licensing, our early attachment and acquisition of new productions will fuel our
new foreign activities," said Eric Parkinson, C.E.O. of Hannover House and
Target Development Group, Inc. "We will continue to acquire North American
rights to completed films as our primary and core film distribution business.
But for privately funded new productions, we are more willing to attach the
company at a pre-production stage in order to also secure the international
rights."

Han nover House also announced that a revision and update of the company's film
library valuation report had commenced, in order to accommodate both the rise in
Blu-Ray and Video-On-Demand revenues, as well as to adjust the company's prior
forecasts for DVD revenues in a declining retail market. A current and
independently reviewed library valuation report is a requirement for completion
of the company's audit activities underway with Hogan-Taylor, covering 2008 and
2009, with a review for the first three quarters of 2010.

"Our film library is by far the highest value asset on the company's balance
sheet," said Parkinson. "We agree that a current valuation that considers
Blu-Ray and V.O.D. revenues is a necessary item for a proper audit and filing,
and we are taking the steps to expedite the fulfillment of this request."





For more information on Hannover House contact:



LAUREN STERLING or ERIC PARKINSON

Hannover House

479-751-4500 / 818-481-5277

[e-mail]

[e-mail]





SOURCE: Target Development Group, Inc.




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