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Friday, April 22, 2011 10:37:30 AM
SPRINGDALE, AR, Feb 18, 2011 (MARKETWIRE via COMTEX) -- Eight theatrical titles set for release through independent distributor Hannover House during 2011 will benefit from a new corporate financing venture with Arkansas-based Graham Financial Services, Inc., as announced today by parent company Target Development Group, Inc. (PINKSHEETS: TDGI) (Other: www.HannoverHouse.com). The financing line, which is capped at a relatively modest level of two-million dollars, will be supplemented with internal resources, cash flow and vendor credit lines to collectively provide Hannover House with funding for the current theatrical slate. Key titles to benefit from the new financing pact include "Thru The Moebius Strip," the recently announced "Turtle: The Incredible Journey," and a multi-title Blu-Ray slate from the company's extensive film library.
"The completion of this corporate financing component was a critical element to meeting our release and revenue goals for 2011," said Eric Parkinson, C.E.O. of Hannover House and Target Development Group, Inc. "The cash requirements to prepare and market films for theatrical and video release can be extensive, and are compounded with the aggressive slate we have prepared for the year. Having access to these funds provides the additional resources and contingencies that will be needed as a bridge until collections from our release activities mature."
Capped at $2,000,000 @ .04 = possible 50,000,000 shares
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