New York, NY / ACCESSWIRE / June 20, 2014 / Hannover House, Inc. (OTC: HHSE), a leading U.S.A. independent distributor of films, books and entertainment products, has significantly increased its output of new release film properties to all media, including an impressive theatrical release slate and more than 30 titles for the home video markets. Many of the titles included in the release plans for the next six-to-twelve months will be Hannover House branded releases. In addition to this impressive slate, Hannover House will also be representing over forty additional titles from five studio-label suppliers that are participating in the company’s newly launched Medallion Releasing venture. In total, Hannover House and Medallion plan to release over seventy (70) titles to the home video and video-on-demand markets within the next year.
“This is an exciting time for Hannover House and Medallion,” said Eric Parkinson, C.E.O. “Our recent addition of Tom Sims as V.P. of Sales enables the company to rapidly increase the output of new release titles, as well as to accommodate sales for third-party supplier labels. We are already experiencing the increased revenues and corporate profile from this enhanced release activity, and we can confidently forecast record revenues in 2014 and 2015.”
The quantity of new releases from Hannover House and Medallion Releasing supplier studios represents an increase of over 600% as compared to the total of Hannover House new releases during 2013. The current slate’s inclusion of ten theatrical titles also represents a significant enhancement in title visibility, profile and likely sales value for the video and V.O.D. markets. Additionally, most of the Major and Mid-Level theatrical releases from Hannover House include a revenue component of international sales rights, which also will add significantly to the company’s sales achievements in the current and coming year.
Previously announced new releases that will bear the Hannover House label include:
Major Theatrical Releases:
“MOTHER GOOSE: JOURNEY TO UTOPIA” (Fall 2015)
“THE LEGEND OF BELLE STARR” (Fall 2015)
“WITHIN SCREAMING DISTANCE” (Fall 2015)
Mid-Level Theatrical Releases:
“BLACK-EYED DOG” (Fall 2014)
“SHADOW VISION” (Summer 2015)
“SHJCK AND JIVE” (Summer 2015)
Limited Release Theatricals:
“ASALTO AL CINE” (Fall 2014)
“BORRAR DE LA MEMORIA” (Fall 2014)
“THE WEATHER STATION” (Fall 2014)
“WIDE BLUE YONDER” (Fall 2014)
Direct-To-Video / VOD / Action-Adventures
“AMERICAN JUSTICE” (Fall 2014)
“MAFIA MAN” (Spring 2015)
“VATOS LOCOS” (Fall 2014)
Direct-To –Video / VOD / Specialty
“BONOBOS: BACK TO THE WILD” (Pending)
“CHAMPIONSHIP SOCCER” (Pending)
“DINOSAURS OF THE JURASSIC” (Pending)
“SECRETS OF THE ILLUMINATI” (Spring 2015)
Direct-To-Video / VOD / Sci-Fi-Horror
“FRANKENSTEIN: 2014″ (Winter 2014)
“GABRIELLE” (Winter 2014)
“SPRING BREAK MURDERS” (Spring 2015)
“THEATRE OF FEAR” (Winter 2014)
“THE COFFIN” (Spring 2015)
“THE HONEYMOON” (Spring 2015)
“VALLEY OF THE WITCH” (Winter 2014)
DVD / BluRay Multipacks
“MARTIAL ARTS MARATHON” (Pending)
“FAMILY MOVIE NIGHT” (Pending)
“PAPPA CAP URBAN SIX PACK” (Pending)
“JULES VERNE CLASSICS” (Fall 2014)
“REVENGE OF THE ZOMBIES PACK” (Pending)
Not listed above are three “major” titles acquisition opportunities that are still under final negotiations, commenced at last month’s Cannes Film Festival and Marche du Film.
Key revenue forecasts include revenues to be realized from the Hannover House titles, the Medallion supplier venture and the theatrical and international markets. Video-On-Demand revenues from the company’s forthcoming consumer launch of VODwiz.com are not currently factored into the company’s projections.
“American Justice” from Paseo Miramar Studios will be released under the Hannover House label; future new release titles from Paseo Miramar Studios will bear their company logo as the primary studio source.
Hannover House remains active in book publishing as well, with new release fiction and non-fiction books in release during 2014, including “Sable Shore” by James Danielson and “The Verdict: Justice for John F. Kennedy, Justice for America” by best-selling author Barr McClellan. The company’s first mainstream, non-soundtrack audio CD title is also now available with the national release of “Lennon Bermuda,” a tribute album to the legendary John Lennon, featuring tracks from Yoko Ono, Bryan Ferry and a notable list of international and Caribbean recording artists.
“The rapid increase in revenues is good for our bottom line, as well as our retirement of corporate debt,” said Hannover House President, Fred Shefte. “The improvements in cash flow will provide a funding mechanism to retire debt, which will reduce or eliminate the company’s need for equity conversions when dealing with trade payables,” he concluded.
Key retail accounts for Hannover House include Walmart Stores, Inc., Redbox, Netflix, Barnes & Noble and thousands of independent video retailers, schools, libraries and booksellers. The company also sells entertainment products to a wide range of internet sites, and services most major video-on-demand portals. Hannover House stock is traded on the OTC Markets under ticker symbol: HHSE.
SAFE HARBOR STATEMENT
This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.
For more information contact:
Eric Parkinson, Hannover House, 479-751-4500 /
SOURCE: Hannover House