Replies to post #15848 on Hannover House Inc (HHSE)

[The Rainmaker]

Off Balance Sheet Financing All in One DD Post

Off balance sheet financing means other people put up the money...Smart way Eric structured things for TDGI/Hannover to protect us in case one of the films doesn't pan out as planned.

Also, remember Hannover should have 4-8 Feature Films this year....you only need maybe 1 or 2 out of the 8 to hit really big for TDGI to make out well imho.

Hannover House, the film and video distribution division of Target Development Group, Inc. (Pinksheets:TDGI - News) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), is armed with cash and ready to buy films as one of an elite group of recognized studio buyers at the upcoming Sundance Film Festival. Funds from a variety of off-balance-sheet acquisition ventures will enable Hannover House to compete with the major studios for the distribution rights to the top echelon of "A" level theatrical titles, said C.E.O. Eric Parkinson.

"We're actively pursuing commercial hits," said Parkinson. "Our acquisition model of off-balance-sheet co-ventures will enable Hannover House to pay significant advances if needed, yet limit the company's downside risk. We feel that this sort of credit arrangement is more beneficial to our shareholders than a traditional debt line or the issuance of new equity shares. It's a creative way for the company to acquire the high-profile titles that will drive our growing business," he continued.

Definition of Off-balance-sheet financing is financing from sources other than debt or equity offerings

This is the hit of the PR, shows you what kind of CEO we have here, worth 20c per share just on this one paragraph:

"Our acquisition model of off-balance-sheet co-ventures will enable Hannover House to pay significant advances if needed, yet limit the company's downside risk. We feel that this sort of credit arrangement is more beneficial to our shareholders than a traditional debt line or the issuance of new equity shares. It's a creative way for the company to acquire the high-profile titles that will drive our growing business.

We are in the process of finalizing major financing for Target / Hannover House. But what we're pursuing at present is financing through credit lines, and not via the issuance of new equity,