Hannover House Inc (HHSE)

[bornstar25]

Part two from August 30th. Each of the four previous quarters have been profitable. Any reason this Q3 in 2012 shouldn't be?

TDGI Provides Update on Corporate Activities and New Releases From Hannover House

NEW YORK, Aug. 30, 2011--

Regarding employee and management incentives, the board of directors for Target accepted back into treasury a total of 20-million shares of the company's common stock, voluntarily surrendered by CEO Eric Parkinson and President Fred Shefte. The company will retain the shares until at least June 30, 2012, or until such time that specific performance levels for the company have been achieved under the management of Parkinson and Shefte. Each of the past four, consecutive calendar quarters for the company has been profitable. The incentive plan for Parkinson and Shefte will reward them with reasonable bonuses as may be determined on or after June 30, 2012, with the potential return of these surrendered shares as a component of the formula. All of the shares surrendered by Parkinson and Shefte are restricted; if they are re-issued, these shares will still be restricted and subject to the governing rules and regulations for shares owned by company principals and insiders.