Hannover House Inc (HHSE)

[Brain]

TDGI CEO Does Live Interview on ChartPoppers.com: Marketwire   "Press Releases"
NEW YORK, NY -- (MARKET WIRE) -- 04/19/11 --

ChartPoppers.com announced today that a new audio interview with Target Development Group, Inc. C.E.O. Eric Parkinson (PINKSHEETS: TDGI) is now available.

The interview can be accessed at http://ChartPoppers.com/iReports.

Target Development Group, Inc. (PINKSHEETS: TDGI) is the publicly traded parent company of entertainment distributor and publisher Hannover House. Founded in 1993 as a book publisher, Hannover House expanded into DVD distribution in 2002, added theatrical releasing capabilities in 2009 and became a subsidiary of Target Development Group, Inc. last year. During 2010, the initial year of the merged companies, Hannover House successfully acquired the distribution rights to a significant number of higher profile films for USA Theatrical release. These theatrical titles are expected to generate the majority of revenues for the company during 2011 and 2012, but will be supplemented with ongoing sales from the company's existing library of more than 170 titles.

In the ChartPoppers interview, TDGI C.E.O. Eric Parkinson discusses the company's expanded release slate for 2011, and suggests new corporate financing ventures that are being pursued or are pending formal announcement. Hannover House is targeting gross revenues of approximately $32 million from its existing slate of theatrical, video and book titles, with projected margins of more than $5 million . Gross revenues and margins for 2012 and later years are expected to grow exponentially as the company's release slate and title profiles continue to expand.

To listen to the entire interview visit: http://ChartPoppers.com/iReports

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For more information contact: Lauren Sterling 479-751-4500 [e-mail]

Source: Target Development Group Inc.