Hannover House Inc (HHSE)

[wadirum1]

Here's another deal that could be a game-changer for TDGI (from their March 11 filing on Pinksheets:

Agenda Item 2). APPROVAL OF MULTIPICTURE VENTURE WITH PATRIOT FILMS – The Board voted unanimously to approve the terms of a three-picture distribution venture to handle distribution of specific media rights in films produced by or through Los Angeles based Patriot Pictures, commencing with the summer theatrical release of the $11-million dollar romantic-comedy, “All’s Faire in Love.” Under the venture, Patriot and Hannover House would jointly distribute the films theatrically, with television and home video rights being handled through a major studio relationship in place with Patriot Pictures. In order to comply with certain announcement restrictions imposed under this venture, the name of the studio being utilized by Patriot Pictures has been withheld from this disclosure statement. Patriot Pictures, and the principals of the company (most notably Michael Mendelsohn) are responsible for the financing and production of more than three-hundred major motion pictures including “The Matrix”, “Sleepy Hollow”, “The Hurricane”, “Lord of War”, “Material Girls” and “What Women Want.” The three-picture venture with Hannover House will launch with “All’s Faire In Love” and two additional and comparable titles to be announced. Under the terms of the venture, Hannover House will earn distribution fees, recoupment of costs, a premium participation for funds expended and a pro-rata lien against revenues from the major studio partner to fully collateralize any unrecouped investments from P&A expenditures. Due to the high caliber of the films being produced by and through Patriot Pictures, as well as the terms of the agreement, the Board unanimously approved the venture.