Replies to post #249760 on Hannover House Inc (HHSE)

[speckulater]

HHSE/Asian(Chinese) Venture Partners, Nine (9) Films Connections

Congratulations to STARRY ENTERTAINMENT (Shenzen) and CRIMSON FOREST - two emerging principal venture partners for Hannover House - on an impressive announcement and resulting coverage from the Hong Kong FilMart yesterday.

“We will create and develop content. And we will find partners and distributors, and also a lot of my friends want to invest, sometimes in the company and sometimes in individual projects,” said Chiew.

Starry has formed a partnership with the U.S. distributor and investor Crimson Forest for international releases of its productions.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129587603










Now currently up to Nine (9) Asian Films Distributed by HHSE in North America


1.) PALI ROAD
* DVD and BluRay (February)
* Venture Partner: Crimson Forest Films
http://hannoverhousemovies.blogspot.com/2017/01/international-superstar-michelle-chen.html


2.) LOST IN THE PACIFIC
* DVD and BluRay (February)
* Venture Partner: Crimson Forest Films
http://hannoverhousemovies.blogspot.com/2016/10/lost-in-pacific-huge-dvd-bluray-title.html


3.) WHERE'S THE DRAGON?
* North America Theatrical (Spring)
* Venture Partner: Crimson Forest Films
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127071153


4.) KUNG FU TRAVELER
* North America Theatrical (Summer)
* Venture Partner: Crimson Forest Films
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129606756


5.) EXTRAORDINARY MISSION
* USA Theatrical (April)
* Venture Partners: CMC Pictures, Crimson Forest
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129606760


6.) MELTDOWN
* $10,000,000 Production, Worldwide Theatrical, DVD and BlueRay, NetFlix, TV (2018)
* Venture Partner: Not publicly announced yet, but IMDb lists Crimson Forest Films as Producer. Financer not yet publicly announced.
http://www.imdb.com/company/co0149783/?ref_=fn_al_co_1
http://hannoverhousemovies.blogspot.com/2017/03/hhse-pursues-10-mm-funding-opportunity.html


7.) KUNG FU COWBOYS
* North America Theatrical (400+ Screens) (2018)
* Venture Partner: Crimson Forest Films
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129623032


8.) SHOCK WAVE
* North American Theatrical (April 28)
* Venture Partner: CMC Pictures
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130087485


9.) THE LEGEND OF WU KONG
* North American Theatrical (July)
* Venture Partner: CMC Pictures
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130542302

HHSE

[speckulater]

HHSE Updated Film Library Evaluation $28,000,000 OR Greater









Though a little wordy. In the HHSE Filing below, HHSE feels the new Film Library Evaluation should be $28,000,000. The Evaluators completing the New, Updated HHSE Film Library Evaluation determined it is worth more than $28,000,000.



Item 11 A1-A6 – Supplemental Disclosures.

i). The Company has completed the written and disclosure portions of a Form 10-12(g) Registration Statement, which was previously planned for filing with the Securities and Exchange Commission on or Jan. 15, 2016, subject to the completion of outside audits by a PCAOB licensed auditing firm. The Company has since engaged a qualifying auditing firm and participated in extensive interviews and reviews of filings, reports and back-up materials. As disclosed to shareholders on the HHSE Company blog site on January 30, 2016, the new auditors have made several determinations of material deficiencies in the financials for the Company, specifically, 1). The value of the Film Library relative to all other assets (and the issues of the five-year-aging of the prior Film Library Valuation report, the changing marketplace for physical video sales as compared to the growing market for digital streaming, and the significant exclusions of key titles from the prior Film Library) and 2). The need for Internal Controls and Compliance Documentation that would conform to standards prescribed under Sarbanes-Oxley Act 404. While technically not “advising” the Company on how to conduct internal controls or instructing the Company to conduct a more thorough and current Film Library Valuation Study, the new auditors did clarify that not addressing or rectifying these issues would result in significant comments by the auditors to the Form 10-12(g) audit portion, and this could result in commentary and non-compliance following S.E.C. review of the registration filing. Having the Company’s largest balance sheet asset reviewed under more recent valuation, and having the Company conform to widely accepted Internal Controls Procedures, would be a requirement for the auditors, unless the Company was willing to proceed with significant auditor’s footnote commentary on these issues. Rather than risk having another obstacle impact the S.E.C. acceptance of the Company’s registration, management has taken the steps to conform to these higher disclosure and operational standards. Company anticipates that the updated Form 10-12(g) Registration Filing, including 2-years of full-year audits and a revised and updated Film Library Valuation Report will be submitted to the S.E.C. in the near-term future, subject to the completion of the new Film Library Valuation (it should be noted that Company is seeking to obtain a lowered valuation than the initial figure determined by the new Library Evaluators, which contains sales forecasts for titles greater than Company Management’s estimates. It is Company’s position that a Library Valuation that is significantly higher than forecasts based on Company’s existing, internal self-distribution apparatus, could elevate shareholder expectations higher than management’s more conservative forecasts. While the higher sales values provided by the first Library Valuation report have as a premise the assumption that HHSE will align itself with one of the Major Studios in the coming year, there can be no assurance that such a deal will occur, and as such, management feels that the current Film Library Valuation should reflect existing distribution channels and revenues, and conform closer to management’s estimated current value of $28-mm. A review of sales activities at the Cannes Film Festival and Marche du Film and other relevant agenda items affecting the Company’s Film Library Valuation have occurred over the summer (2016) and the Company feels confident of having reached a consensus with the valuators on the current and anticipated value of each title, by media income stream.

Page 20


HHSE 10-Q For the three-month period ended: June 30, 2016:

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=161112














HHSE

[speckulater]

Multiple Companies MERGER; Shareholders Substantial Premium Summary

















March 31, 2017
HHSE 10-K Merger Disclosure. $65,000,000 Production & Distribution Financing. NASDAQ Uplist. HHSE Shareholders Receive Substantial Premium & Maintain Control.

Item 11 A1-A6 – Supplemental Disclosures.
i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). Corporate counsel has advised management that the Company shall be obligated to disclose the merger partner and principal terms of the merger at such time that the legality and logistics of this proposed merger structure are determined to be acceptable, which issues are currently under review and are anticipated to be resolved on or before April 14, 2017. Upon formal closure of this corporate merger, as presently structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ.



HHSE Merger Disclosure in Bullet Points

* HHSE and another fully registered public equity.

* Mutually executed a letter of intent agreement for a corporate merger

* Significant impact to the financial strength, operations, profile and activities of HHSE

* Contemplated as a stock-for-stock swap

* Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control

* INITIAL (might be more) $65-mm in production and distribution financing arranged for by the merger partner.

* Both partners anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.

* Immediate and significant premium value to HHSE shareholders

* Position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm)

* Merger currently under review and is anticipated to be resolved on or before April 14, 2017

* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ


HHSE 10-K Annual Report (Page 22):
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732




April 16, 2017
HHSE BLOG: Merger Legal Issues were Resolved by April 14.

Resolution of legal issues / concerns impacting new funding and structure for HHSE. As forecasted within the year-end filing (period ended 12-31-2016) certain legal issues impacting the structure and receipt of substantial new funding for HHSE were resolved as of last Friday (April 14).
http://hannoverhousemovies.blogspot.com/2017/04/resolution-of-legal-issues-concerns.html







April 17, 2017
HHSE BLOG: - Merger Details Discussed. Multiple Companies Merge, Partnerships.

Last Month, on March 10 specifically, Hannover House managers signed a letter-of-intent to join with another publicly-traded company, two private companies and a major studio distribution partner, to create a new structure that addresses each of the Ten Essential Trends described above, and which we feel will bring substantial value to our shareholders.

Over these past five weeks, the legal, operational and structural changes that are required to effectively launch such an ambitious merger have been in motion. The two privately held companies will join with the two publicly-traded companies into an overall venture that is fully reporting, fully registered, and sufficiently funded to allow for a realistic pursuit of a NASDAQ listing. This venture involves the placement of approximately sixty-five million dollars (USD $65,000,000) from pre-existing international presales and feature film private investor commitments, and will provide us with both the high-end “major” titles as well as the first two-years of the “mid-level” theatrical titles. Due to availability of State and Federal incentives and rebates on the productions, the company will also be well funded with theatrical releasing resources – as well as earning lucrative production company service fees upfront. A major studio partner will handle most of the domestic home video and V.O.D. activities (excluding VODWIZ.TV) as well as international sales through their existing distribution units in over 100 territories worldwide.

Upon regulatory approval, existing Hannover House shareholders will receive a significant premium-to-market redemption, and overall, the Hannover House shareholders will retain a majority control in the combined entities.

Over the next few days, details of the venture partners will be released through mutual public announcements. As the merger L.O.I. contains performance triggers (including specific funding requirements and regulatory approvals), Hannover House has honored the temporary, proprietary confidences imposed on all parties - as is customary for a venture that involves four separate companies and a major studio distribution partner.

For the principal venture parties involved in this new structure, we all feel that this is a marriage in which the whole is greater than the sum of the parts. The consensus is that this is the “launch moment” for a truly significant entertainment company… and a move that will bring substantial value to all of our shareholders.

We wish to thank the company’s many patient, “long” shareholders, and we are excited that you will be rewarded for your loyalty and support as we have navigated a winning plan in this evolving media sector. The new management team includes some of the industry’s most respected and successful executives, and our future as a successful, independent studio and media distributor is bright. Watch for updates on this BLOG, including advance notification of Form 8 Information Statement Filings.
http://hannoverhousemovies.blogspot.com/2017/04/the-beginning-of-something-truly.html




April 20, 2017
HHSE BLOG - Merger Regulatory Approvals (FINRA, SEC) Expected About May 1st

As stated previously, the HHSE Merger activities are expected to have regulatory approvals on or about Monday, May 1st - which will be well-timed for the company's presence at the Cannes Film Festival and Marche du Filme as both a seller of major theatrical titles, as well as an acquisition licensor for North America rights under a new, Major Studio distribution pact.

Very exciting times...
http://hannoverhousemovies.blogspot.com/2017/04/hhse-nears-final-completion-of-wheres.html






HHSE ANNOTATED-CHARTS PREDICTING HIGHER & WHY:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130656892


HHSE/Asian(Chinese) Venture Partners, Nine (9) Films Connections:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=130631832







Crimson Forest Films Team, About, Contact, Nevada SOS






OUR TEAM

Eric Parkinson - President/CEO

Parkinson is an entertainment industry veteran with more than 30-years of experience in the film production and distribution arenas. Prior to purchasing Truman Press, Inc., d/b/a “Hannover House” in 2002, Parkinson had served as the Chairman and C.E.O. of Hemdale Communications, Inc., a NASDAQ traded entertainment company, as well as senior executive level positions with Plaza Entertainment, Inc. and A.I.P. Studios. Parkinson has released more than 900 titles to the North American home video marketplace, with a dozen #1 national best-sellers, including “Terminator”, “Little Nemo” and the “1984 Summer Olympic Highlights.” Parkinson studied film production and communications at the University of Kansas and the University of Arkansas, where he has also served as a guest lecturer on film production and distribution. On the production side, Parkinson has served as producer (or executive producer) on more than sixty feature films or television programs.


Jonathan Lim - Chairman

Jonathan Lim has more than 15 years of experience in the entertainment business in China where he produced and managed numerous film & television projects. Mr. Lim is a graduate of both New York and Beijing Film Academy and his first feature film “SLAM” was distributed by Sony Pictures Television International and CCTV China. Other notable projects include Sony Pictures Television International China’s remake of “Sofia’s Diary,” an interactive Web series that had over 100 million views, and the localized launch for China of the “Dr. Oz” show. Mr. Lim was also the creator/producer of “Made in NBA” a weekly television show for the NBA for over eight years that was broadcast over 40 channels in Mainland China. Jonathan Lim has recently completed the first Hawaii-China co-production a mystery/thriller/romance titled “Pali Road” a romantic thriller starring Taiwanese Superstar Michelle Chen, Twilight’s Jackson Rathbone and the Fast & Furious Sung Kang.

Fred Shefte - CEO

As a licensed attorney in California, Shefte worked his way up to a partnership position at one of the top law firms in San Diego (Seltzer Caplan) before moving into private-practice as an entrepreneur and Wal-Mart vendor. Shefte obtained his law degree from Vanderbilt University, and undergraduate degree at Trinity University. Due to his specialized knowledge of financial services and estate planning, Shefte also worked as an adjunct professor for the Sam Walton School of Business at the University of Arkansas while also working as a Bank Trust Officer. Shefte has negotiated over 100 rights license agreements and has assisted in the release of more than 65 titles.

Tom Sims - Vice President Sales

Tom Sims is a highly respected and proven executive with over 20-years of experience in the home video industry. For more than ten years, Sims was the Video Manager for Anderson Merchandisers, coordinating the nationwide sales and placement of video products into Walmart Stores, Inc. He accepted the position as Senior Director of National Accounts for Vivendi (Universal) in 2004, and in 2009 became the Vice President of Corporate Development for Allegro Media Group. As Vice President of Sales for Hannover House, Inc., Sims will be coordinating and managing the release strategies and sales solicitation for all consumer products and domestic media, including DVDs, Blu-Rays, Video-On-Demand, Television and Books.

http://crimsonforestentertainment.com/our-team/


ABOUT US



Crimson Forest Films is a theatrical and home entertainment distribution label that specializes in bringing top content in film & television to around the world. Crimson Forest Film’s titles can be seen across a variety of platforms, including theatrical, digital, subscription and cable VOD, packaged media and broadcast television. Crimson Forest Film’s corporate headquarters is in Los Angeles, California with offices in Shanghai, China.



Hannover House was established in 1993 and has grown steadily into one a recognized and respected brand name for quality, independent feature film and television programming. It distributes, produces and acquires specialty films such as documentaries, independent and art films in the United States and internationally. Principal offices, warehousing and production facilities for Hannover House are located in Springdale, Arkansas, near the world headquarters for Wal-Mart Stores, Inc.


CONTACT

CFF Los Angeles
8335 Sunset Blvd
Suite 328
West Hollywood
CA 90069
USA
Tel: [phone]

CFF Shanghai
500 Yun Jin Road
Level 8 Greenland Hui Centre Tower B,
Suite 888
Shanghai 200232 China
Tel: [phone]

Hannover Springdale
300 N. College
Suite 311
Fayetteville, AR 72701
USA
Tel: [phone]

http://crimsonforestentertainment.com/contact-us/


Crimson Forest Films @ Nevada Secretary of State:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=4w8Pw6ZG%252fOCREA94mqHgaQ%253d%253d&nt7=0












Daily (Short Term)








Weekly (Long Term)











HHSE

[pba]

Great post!

MERGER: HHSE, Crimson_Forest_Films, Jonathan_Lim, SamCorp, CMC_ Pictures, Starry_Ent. Connections





Quote:
Congratulations to STARRY ENTERTAINMENT (Shenzen) and CRIMSON FOREST - two emerging principal venture partners for Hannover House - on an impressive announcement and resulting coverage from the Hong Kong FilMart yesterday.

Starry Entertainment has formed a partnership with the U.S. distributor and investor Crimson Forest for international releases of its productions.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130728817





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HHSE/Asian(Chinese) Venture Partners (mostly CRIM), Nine (9) Films Connections:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130728964


Crimson Forest Films (CRIM) CEO: Jonathan Lim


Jonathan Lim Totaled over $58,000,000 as a Producer at the World Wide Box Office.
http://www.the-numbers.com/person/898050401-Jonathan-Hua-Lang-Lim#tab=summary


IMDB lists HHSE $10,000,000 "MELTDOWN" Company Producer as Crimson Forest Films. Meltdown 3 Producers:
* CRIM CEO Jonathan Lim
* HHSE CEO Eric Parkinson
* HHSE COO Fred Shefte
http://www.imdb.com/company/co0149783/?ref_=fn_al_co_1
http://www.imdb.com/title/tt6598282/fullcredits?ref_=tt_ov_wr#writers
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129136155


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(CRIM) Crimson Forest Films Website:
* Eric Parkinson - President/CEO
* Jonathan Lim - Chairman
* Fred Shefte - CEO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130714608
http://crimsonforestentertainment.com/about-us/


CRIM Same Officers & Titles @ Nevada Secretary of State:
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=4w8Pw6ZG%252fOCREA94mqHgaQ%253d%253d&nt7=0


April 14, 2017 CRIM Filed 10-Q for Period Ending November 30, 2015. After Two Years of Inactivity, becoming Current and/or Preparing for Merger?
https://www.otcmarkets.com/stock/CRIM/filings


On April 18, 2017, CRIM stock price was adjusted from long term price of .15 to 1.00. Preparation for Merger?
https://ih.advfn.com/stock-market/OTCBB/crimson-forest-entertainment-CRIM/historical


The Father of CRIM CEO Jonathan Lim is Anthony Lim. Anthony Lim is President of SamCorp Capital

SAMCORP CAPITAL CORPORATION (SAMCORP) was incorporated on December 17, 1997 with US $1 billion in authorized capital. SAMCORP is a private equity company that invests and co invests in movies production from US $5 million to US $25 million, commercial and residential real estate, food and beverage , entertainment and Internet and technology startups.

Two Projects of SamCorp are HHSE/CRIM Film Pali Road and Crimson Forest Films (CRIM).
(Keep scrolling down to get About & Projects)
http://samcorp.capital/


SamCorp Capital also owns 90.55% of Crimson Forest Films (CRIM):
https://www.otcmarkets.com/financialReportViewer?symbol=CRIM&id=134463


CMC Pictures (Chinese) - HHSE Program Supplier Partner. We know HHSE is Distributing 3 Films for CMC:
* "Extraordinary Mission"
* "Shock Wave"
* "The Legend of Wu Kong":
http://www.cmc-pictures.com/


CMC has just recently taken a major stake in Creative Artists Agency (C.A.A.):
http://www.businesswire.com/news/home/20170417005739/en/Creative-Artists-Agency-Partners-CMC-Capital-Creating


Starry Entertainment (Chinese) - Starry Entertainment has formed a partnership with the U.S. distributor and investor Crimson Forest for international releases of its productions. HHSE is releasing about 6 of these Films listed above.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130728817



In Summary
Clarification: I/we have no idea what Companies are involved. Appears to be a Merger and/or Partnership(s) of Multiple Companies. Merely assembling facts of what we know. We currently only have bits and pieces of info. This week should provide a of of the details. Chinese Entertainment Companies have big money and a big appetite for Entertainment Content and Distribution. The Chinese want an entertainment publicly traded company in the US. They are putting one together. HHSE appears to be one component, offering all HHSE Shareholders a Substantial Premium and Value.





HHSE Multiple Companies MERGER; Shareholders Substantial Premium Summary:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=130715560










HHSE

[speckulater]

MERGER: Significantly Impact_HHSE Financial Strength, Operations, Profile, Activities





















HHSE / Public Equity Merger Disclosure



Item 11 A1-A6 – Supplemental Disclosures.

i). In a subsequent development occurring after the applicable time period covered in this filing, the Company and another fully registered public equity have mutually executed a letter of intent agreement for a corporate merger which will have significant impact to the financial strength, operations, profile and activities of the Company. The merger – which has been contemplated as a stock-for-stock swap, with Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control – is a key structural element to accommodate the placement of an initial $65-mm in production and distribution financing arranged for by the merger partner. The Company and merger partner anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017. Management feels that this proposed merger will provide an immediate and significant premium value to HHSE shareholders, as well as position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm). Corporate counsel has advised management that the Company shall be obligated to disclose the merger partner and principal terms of the merger at such time that the legality and logistics of this proposed merger structure are determined to be acceptable, which issues are currently under review and are anticipated to be resolved on or before April 14, 2017. Upon formal closure of this corporate merger, as presently

Page 22

structured and anticipated by counsel and advisors, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ.

HHSE 10-K Annual Report - 3/31/17:
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=168732






HHSE Merger Disclosure in Bullet Points

* HHSE and another fully registered public equity.

* Mutually executed a letter of intent agreement for a corporate merger

* Significant impact to the financial strength, operations, profile and activities of HHSE

* Contemplated as a stock-for-stock swap

* Hannover House, Inc. shareholders collectively maintaining a majority stock interest and control

* INITIAL (might be more) $65-mm in production and distribution financing arranged for by the merger partner.

* Both partners anticipate that the merger shall become effective following certain regulatory compliances and the remittance of specified payments to Company – both of which events are anticipated to be resolved on or before April 14, 2017.

* Immediate and significant premium value to HHSE shareholders

* Position the Company to fill the currently open market niche’ for a domestic studio focusing on high-quality, mid-level theatrical features (with movies of the budgetary cost and commercial appeal such as “Get Out”, “Little Miss Sunshine”, “Lion” – e.g., quality independent films with budgets of $3-mm to $7-mm and USA box office values approaching $100-mm)

* Merger currently under review and is anticipated to be resolved on or before April 14, 2017

* Upon Merger Closure, Company shall be a fully registered, fully reporting equity, with DTC approved stock trading and the opportunity to quickly uplist to NASDAQ


HHSE Merger Disclosure: $65,000,000_Funding, NASDAQ

HHSE 10-K Annual Report: Page 22, Item 11 A1-A6 – Supplemental Disclosures; March 31, 2017:

https://www.otcmarkets.com/financialReportViewer?symbol=HHSE&id=168732












HHSE

[speckulater]

NEWS: Hannover_House, Crimson_Forest_Films MERGE; Become Major Independent Distributor













"Crimson Forest and Hannover House Initiate Corporate Merger to Become Major Independent Distributor"


--Combined Company to Launch Slate of High-Profile Films for Theatrical, Home Video and International Release--


April 26. 2017

LOS ANGELES, April 26, 2017 /PRNewswire/ -- Feature Film Production Company Crimson Forest Entertainment Group Inc. (OTC: CRIM) and specialty theatrical and home video distributor Hannover House, Inc. (OTC: HHSE) have confirmed plans to merge operations under a stock-swap and financing plan, scheduled to be effective as of May 1, 2017.





The combined company will immediately launch production activities on a slate of high-profile feature films that will drive the theatrical, home video and international release schedules for the coming years.

Formed in 2010, and financed with investment capital and presales from China, Crimson Forest Entertainment has successfully financed and acquired several films for international and North America distribution. PALI ROAD was the first Hawaii-China co-production, starring Jackson Rathbone from the "The Twilight Saga," Sung Kang from "Fast & Furious," Henry Ian Cusick, known for his roles in "L.O.S.T.," and "The 100," and Chinese Celebrity Michelle Chen. The film premiered at the Hawaii International Film Festival and went on to win several awards, including "Best Actress" "Best Cinematography" and a "Best Director" award at the 12th Annual Chinese American Film Festival. The film was released theatrically, both in North America and China, and in Malaysia earlier this month.

Formed in 1993 and growing into one of the top independent distributed labels in North America, Hannover House, Inc. has direct distribution relationships for all major theatre circuits, principal media outlets, and wholesale access to major home video retailers and mass merchants. Hannover House has released more than 50 films to theatres and more than 300 titles to the Home Video Market in the United States, including titles such as "Grand Champion" (with Bruce Willis, Julia Roberts and George Strait) and director Joel Schumacher's teen angst thriller "Twelve" (starring Curtis "50-Cent" Jackson, Emma Roberts, Ellen Barkin and Chase Crawford).

"There is a growing need for specialty independent distributors," said Jonathan Lim, CEO of Crimson Forest Entertainment. "There is a lot of quality product out there that is being ignored and we are excited that Hannover House has partnered with us in releasing these films. It will bring much needed diversity to audiences in North America, and growing commercial success for the combined company," he concluded.

"A Crimson Forest and Hannover House merger is expected to fill the demand from independent and international productions, which seek distributors that have direct access to theatrical, as well as Home Video and VOD & Digital sales," said Eric Parkinson, CEO of Hannover House. "We're optimistic about what these new opportunities and corporate structure will bring to Hannover House and our shareholders and excited by the upcoming titles that we will be announcing and releasing in the upcoming weeks, which we fully anticipate will have a substantial impact on the growth of our combined company, " said Parkinson.

One of the first new titles to be released under the combined Crimson Forest – Hannover House structure is the $20-million dollar action thriller feature "Shockwave" starring Andy Lau and Jiang Wu. The film will be co-released together with CMC Pictures in North America next month.

Under the newly merged company, the board of directors will be comprised as follows: Jonathan Lim (Chairman), Eric Parkinson (CEO), Fred Shefte (President) and Tom Sims (V.P. Sales). The existing offices for Hannover House, Inc. and its affiliate Medallion Releasing, Inc. in Fayetteville, Arkansas will remain as the primary distribution operations office. The Los Angeles offices for Crimson Forest will serve as the company's corporate and production headquarters, and the Crimson Forest office in Shanghai, China, will continue to operate as the finance office for the funding of new productions and releasing costs. Crimson Forest is also negotiating for the acquisition of other, complementary media companies to add to the enhanced distribution entity. Included in the corporate merger are Hannover House affiliates, Medallion Releasing, Inc. and Bookworks, Inc., respectively handling theatrical and publishing ventures.

For more information, contact ERIC PARKINSON, Hannover House, Inc. / Medallion Releasing, Inc., 479-521-5774 or 818-481-5277, [e-mail].


http://www.prnewswire.com/news-releases/crimson-forest-and-hannover-house-initiate-corporate-merger-to-become-major-independent-distributor-300445930.html

http://finance.yahoo.com/news/crimson-forest-hannover-house-initiate-120000234.html







HHSE