Greetings HHSE Friends & Followers - Here's a super brief recap of some relevant items and issues as requested by shareholders:
1). WALMART PRODUCTS- At present, we have six (6) items into Walmart stores in the USA and four (4) items into Walmart Canada. As of January, we will have three (3) new releases added to this mix (LOST IN THE PACIFIC, PALI ROAD and DINOSAURS OF THE JURASSIC), although we cannot predict how many (if any) of the current titles in the stores will be held-over for January. There are three additional items that will also be added to the February "modulars" (which is the in-line shelving, organized by genre and alphabetically), which is a separate placement from New Release shelving or New Release end-caps.
2). $$$ STOCK BUY BACKS $$$- HHSE has made direct purchase agreements with three, non-affiliated shareholders, to purchase 1.2-million shares at $.01 each.These shares will be retired into treasury stock. As long as the share price remains artificially low, we will continue to buy shares and retire them to treasury, as cash permits.The Company had to delay the process of buying back shares due to the loss of cash flow from the bankruptcy of Alchemy / Anderson, and the non-bankruptcy cram-down of Allegro Music Group. While the financial woes of those two wholesalers did impact cash flowing into HHSE, it was most notable for optional issues, such as stock buy-back opportunities, as the Company has otherwise managed it's operations and payables through other cash flow means. It is also notable that HHSE has not issued a single share of stock in over a year (for any purpose), and that the two principal managers (Parkinson and Shefte) have not sold any shares in three years. As a non-reporting entity, HHSE is not required to file a Form 8 regarding the stock buy-back... but we will disclose this in our upcoming year-end filings and the Form 10 registration. 3). LEGAL UPDATES- HHSE attorneys continue to work with the TCA Attorneys to finalize the settlement terms. As a procedural matter, the October 20 hearing was rescheduled, with the expectation that a formalized settlement will be filed well before the court's next available hearing date. With respect to JSJ - a settlement based on the actual value of the notes plus the maximum allowable interest is being completed and will be filed with the appropriate courts. Regarding the "D.C. Photographer's Case" - the court has extended until Dec. 15 the opportunity for HHSE to file a motion for dismissal of the matter, which is being accompanied with a payment of $1,000 for the work-for-hire services rendered. 4). CORPORATE MOVE- The old warehouse location only holds pallets and racks at this point, and will be fully vacated by next week. The new executive offices are fantastic and extremely conducive for productivity and efficiency. While all the boxes and files are moved into the new offices as of today, there's still a week or two of "unpacking and filing / sorting" before we can declare the new space 100% functional. We will shoot some photos and post to the blog late next week.
Much more to come... it's been a long journey, with many bumps in the road... but it's looking like a smooth cruise-control ride at this point!
NEWS: HHSE/Medallion North/American Theatrical Release of Lionsgate "CHOSEN"
Hannover House and Medallion Pact with Sterling Pictures, Dolger Films and Pluribus Unum For North American Theatrical Release of "CHOSEN"
Dec 12, 2016
Los Angeles, CA -
Director Jasmin Dizdar’s acclaimed World War II drama, "CHOSEN," starring Academy Award Nominee Harvey Keitel, will be released to theatres in the United States and Canada beginning Friday, Dec. 16. The film will launch with a Los Angeles exclusive engagement at the Laemmle Town Center 5 in Encino, California, with expansion to more than 20 key markets set for January and February through Medallion Releasing and Hannover House, Inc. (OTC: HHSE). "CHOSEN" was an official selection and enjoyed its European Premiere in September at the prestigious Oldenberg Film Festival in Germany, which sparked international media attention and critical praise.
"Strong and Atmospheric. Harvey Keitel gives a whole film special touch and the very thing that makes this film really what it is: an impressive piece." - City Of Cinema
Inspired by true events, "CHOSEN" tells the epic journey of Sonson, a Hungarian Jew, trying to keep the promise he's made to his wife on her deathbed. Set in the winter of 1943, Sonson embarks on a life-changing mission into the Warsaw Ghetto to save his sister-in-law from being deported to Auschwitz. Director Jasmin Dizdar skillfully creates a historic frame for his intimate tale supported by a nuanced performance of Harvey Keitel.
"We are honored to be handling the North American theatrical release of this impressive and important feature," said Eric Parkinson, C.E.O. of Hannover House. "The principal production team of Gabrielle de Mercur, Sylvia Caminer, Mike Riley and of course, director Jasmin Dizdar have been extremely helpful in structuring a specialized release strategy for the film that builds on a grass-roots campaign to reach a motivated audience. The initial response has been superb, and we feel that the customized and targeted release model developed for this film is well-positioned for success."
International distribution of "CHOSEN"is being handled by Premiere Entertainment, and North American home video and digital distribution are being handled by Grindstone Entertainment Group and Lionsgate Home Entertainment. "CHOSEN" is a Sterling Pictures Production in association with Pluribus Unum, produced by Michael Riley, written by Gabriel De Mercur and co-produced by Tim Dennison.DoP is Balazs Bolygo, VFX by Film Gate Films, Sound by Warner Bros/DLL, Picture by The Look, London.
Additional markets scheduled for theatrical release include (alphabetically) Atlanta, Baltimore, Calgary, Charlotte, Chicago, Dallas-Ft. Worth, Denver, Houston, Kansas City, Miami-Ft. Lauderdale, Minneapolis-St. Paul, N.W. Arkansas, Philadelphia, Phoenix, Portland, Raleigh, Sacramento, Tampa-St. Petersburg, Vancouver and Washington, D.C.
Medallion Releasing is the theatrical distribution affiliate of Hannover House, Inc., an independent production and distribution company founded in 1993. Since adding DVD to its product line of books in 2002, Hannover House has released over 400 titles to the North American home video market, and 45 films to theatres, including director Joel Schumacher’s thriller "TWELVE"(starring Emma Roberts and rapper 50-Cent), to the Redbull action sports epic, "ON ANY SUNDAY: THE NEXT CHAPTER." Hannover House is releasing on average one title per month to theatres in the United State and Canada, and three titles per month to the home video market (including physical units and digital distribution).
THEATRICAL TITLE LISTING INFORMATION:
TITLE: CHOSEN
STARS: HARVEY KEITEL, LUKE MABLY, ANA ULARU
DIRECTOR: JASMIN DIZDAR
GENRE: DRAMA / W.W. II / JEWISH INTEREST
STUDIO: MEDALLION RELEASING, INC.
SYNOPSIS: A Jewish businessman from Hungary disguises himself as a Nazi Officer in order to infiltrate the enemy and save hundreds of lives. Based on a true story.
MPAA RATING: R, for violence including sexual assault