auf zu neuen Höhen ? TDGI - Invest 2010
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Date : 01/06/2010 @ 4:26PM
Source : MarketWire
Stock : Target Development Group and Hannover House (TDGI)
Quote : 0.024 -0.001 (-4.00%) @ 2:43PM
Target Division Expands Book and Film Acquisitions
NEW YORK, NY -- (Marketwire) -- 01/06/10 --
Hannover House, the entertainment distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), will more than double its output of new release book titles in 2010, said company CEO Eric Parkinson. Encouraged by strong presales of the company's upcoming book release, "Made in the U.S.A." by best-selling author Barr McClellan, Hannover will accelerate the acquisition and release of other high-profile titles
"Once a new book covers its initial releasing costs, the margins to Hannover House can be substantial," said Parkinson. "On a high-volume title like 'Made in the U.S.A.' the gross profit margin can exceed sixty percent
Accordingly, we plan to release another Barr McClellan book this Fall and more than ten other properties, several of which have the additional benefit of being suitable for development into feature films."
One of the existing Hannover House catalog titles, "Sacred Prey," a suspense thriller by Vivian Schilling, has been optioned by Warner Brothers Studios for potential production into a major motion picture. Hannover House would like to develop more of its book properties into feature films
"Many of the top grossing films and film franchises of all times were launched first as books," said Parkinson. "We think that the book market provides Hannover House with a cost-efficient opportunity to generate excitement for a story and better position it for success as a feature film, which feeds into our other corporate activities in media distribution."
The "Twilight," "Harry Potter" and "Lord of the Rings" book series have each spawned a series of extremely successful movies, which in turn, sparked new interest and sales in the books. Hannover's new book acquisitions include titles that the company feels are ideally suited for production into major motion pictures
New release books for Hannover House will be individually announced over the next two months, and will be prominently featured at the company's exhibit booth at the 2010 Book Expo America conference in New York City
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 on Target Development Group, Inc. and Hannover House, contact: Richard Prudenti 479-751-4500 email: Email Contact
Freitag noch die versprochenen Finanzen und .... ich hoffe es geht schön nach oben.
aktuell 0,0234 / 0,024
Hummel
In reply to: None Post # of 11457
From Eric...
Hi Eric,
I was just wondering if everything is still on track with financials and do you think they'll still be released by this Friday? I know you're working on them but I also know that the market won't react favorably to a missed deadline. Not that i'm worried I have a lot of faith in you and with my investment!
Thanks again
We're posting to Pinksheets on Friday. I'm not concerned with any potential market reaction, and we will always meet our stated goals (this one being "by Friday"). As I've stated to you before, the company's results will eventually be matched by the market and the occasional baloney being spewed by the "short-sellers" will come to bite them hard. We've got a terrific business plan, product line-up and financing in place and are on target for a great 2010! Cheers,
Eric Parkinson -- CEO
HANNOVER HOUSE
A TARGET DEVELOPMENT GROUP, INC. COMPANY
Office: 479-751-4500 / Direct: 818-481-5277
www.HannoverHouse.com
damit sollten wir uns auf einen schönen Wochenendspurt freuen
Hummel
NEW YORK, NY, Jan 07, 2010 (MARKETWIRE via COMTEX) -- Hannover House, the film and video distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI) (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.
Over the past 26 years, many key titles from the Sundance Film Festival have gone on to achieve notable, commercial success. Hannover House will be attending this year's festival looking to acquire the U.S. distribution rights to films that have significant theatrical potential.
"Hannover House already has a solid line-up of new release titles for 2010," said Parkinson. "But we have room to add up to four major titles to our schedule, and will be a highly visible player at this year's Sundance," he concluded.
The 26th annual Sundance Film Festival will be held from January 21 through 31 in Park City, Utah. Hannover House is a wholly-owned subsidiary of Target Development Group, Inc.
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:
Richard Prudenti
Director of Marketing & Publicity
479-751-4500
Email: Email Contact
SOURCE: Target Development Group, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=37C3D4E869CDA357
Copyright 2010 Marketwire, Inc., All rights reserved.
Aktuelle CEO Distribution at Empire Film Group / Hannover House
Vergangene CEO at Hemdale Communications, Inc.
Ausbildung Wichita State University
University of Kansas
--------------------------------------------------
Zusammenfassung von Eric Eric Parkinson
I moved from Kansas to Los Angeles in 1983 to pursue motion picture production and distribution. Found success quickly in the field of video distribution of pre-recorded movies to retailers, which was a rapidly growing industry in the mid 1980's. Over the past 24 years, I've released more than 800 titles to the USA home video market, and have earned more R.I.A.A. and I.T.A. Gold and / or Platinum sales achievement awards than any other independent video distributor. I've also had the honor of eight # 1 best selling titles -- ranging from the fairly obvious success with "Terminator" to the highly unlikely # 1 sales success with "The Magic Voyage" (a direct-to-video animated film). I have enjoyed the many opportunities to become creatively involved -- hands-on -- with many motion picture productions and TV / direct-to-video programs (over 50 titles), and have been working (albeit slowly) on shooting my first feature film directing project, the sci-fi thriller "ShadowVision" (for release in 2009).
--------------------------------------------------
Berufserfahrung von Eric Eric Parkinson
CEO Distribution
Empire Film Group / Hannover House
(Branche: Kino und Film)
Derzeit in dieser Position
CEO
Hemdale Communications, Inc.
(Branche: Kino und Film)
März 1991 — April 1996 (5 Jahre 2 Monate)
CEO of film production and distribution company, best known for films such as "Terminator," "Hoosiers," "Kiss of the Spider Woman" and best picture Oscar winners "Platoon" and "The Last Emperor." Supervised up to 125 subordinates; took company public (NASDAQ) in 1993; released over 120 video titles (including 8 # 1 national best sellers); released 21 titles to theaters; paid off more than $48-mm in debt and generated over $35-mm in profits.
--------------------------------------------------
Ausbildung von Eric Eric Parkinson
Wichita State University
Radio, TV & Film 1979 — 1980
Aktivitäten und Verbände: Participated in University theater group.
University of Kansas
Radio, TV & Film 1977 — 1979
Aktivitäten und Verbände: Studied film and television production; member of Varsity Football squad (1978); participated in University Theater productions as both crew and performer. Later attended Wichita State University (1979 - 1980).
--------------------------------------------------
Weitere Informationen
Webseiten von Eric Eric Parkinson:
http://www.empirefilmgroup.com/
http://www.hannoverhouse.com/
Interessen von Eric Eric Parkinson:
Hiking, wilderness and wildlife conservation, physics, music composition, motion picture production,
Auszeichnungen von Eric Eric Parkinson:
Saturn Award, Dove Foundation Producer of the Year Award, NAVD Sales Achievement Leader, Kodak Scholastic Award
Quelle:http://www.linkedin.com/pub/eric-eric-parkinson/9/a1/1a0
Hummel
Eric Parkinson
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Eric F. Parkinson (born December 15, 1958) is an American entertainment producer and distributor, and is CEO of the Empire Film Group, and President of Hannover House Publishing.
Background
A former news photographer for NBC-Affiliate station KKRD in Wichita, Kansas, Parkinson moved to Los Angeles in 1983 and began working in the emerging home video industry at Continental Video, Inc. He won his first RIAA Platinum Sales Award the next year with his ABC-Sports co-production release of "The 1984 Summer Olympic Highlights" video, the first of 137 sales achievement awards to be earned over the next 25 years. From 1985 to 1988, Parkinson was President of the specialty video production company, Twin Tower Enterprises, Inc. From 1989 to 1991, he was President of A.I.P. Home Video, Inc., before moving to Hemdale Film Corporation in March 1991 to become President of Hemdale Home Video, Inc. and Hemdale Communications, Inc., with partners John Daly and Derek Gibson. From 1996 to 2001, Parkinson was a partner in Plaza Entertainment, Inc. (with John Herklotz and later with Charles von Bernuth), and in January 2002, he took over sales, marketing and eventually the ownership of Truman Press, Inc., d/b/a "Hannover House," a respected, botique book publishing company, and added a DVD products line. In January, 2008, Parkinson and his operating partner at Hannover House, D. Frederick Shefte, entered into an agreement to merge with the publicly-traded Empire Film Group, Inc., and to essentially take control over all acquisition, marketing and distribution activities. Current releases at Empire under Parkinson's supervision include the controversial film, Hounddog starring Dakota Fanning, and the award-winning family drama, War Eagle, Arkansas starring Brian Dennehy, Mare Winningham, Mary Kay Place, Luke Grimes, and newcomer Dan McCabe. Other upcoming releases include "The Countess" starring Julie Delpy and William Hurt, "Chelsea on the Rocks" from film director Abel Ferrara, and the science fiction animated adventure Thru the Moebius Strip. Parkinson has also produced or executive produced over forty feature films and television specials, and is currently at work on his film directing debut with "ShadowVision," a science-fiction thriller for release in 2010.
Personal
Parkinson attended the University of Kansas beginning in the Fall of 1977 and was a member of the varsity football team, while majoring in Film and Television.
Hummel
Über was willst Du denn reden ?
Gruß zurück,
Hummel
Trotzdem, alle Achtung.
Und nochmals, die Kursfeststellung USA und nicht Deutschland ist entscheident.
Es spielt aber auch keine Rolle ob hier 200% oder 1000% erzielt worden sind. Wir sind doch alle Anleger aus Leidenschaft und wollen uns mit anderen auseinandersetzen um stetig besser und erfolgreicher zu werden.
Zu meinem pers. Kursziel hier: Bis Ende des Jahres 0,10$
Hummel
P.S. Du gehöst für mich zu den Besten
http://ih.advfn.com/...chart&s=NO^TDGI&p=0&t=19&vol=1
evtl. könnte sich auch in Deutschland der Spread mal realistisch zeigen
Hummel
http://www.pinksheets.com/otciq/ajax/...ancialReportById.pdf?id=27997
Excluding the value of the ongoing operations of
Hannover, the direct and immediate balance sheet benefit of the Hannover House assets and
library relative to the total number of Target shares exchanged to acquire Hannover represents a
valuation of approximately $.13 per share.
Target has also initiated discussions with several significant funding sources for an offbalance-
sheet financing for $16.5-million, to be utilized in pursuit of the purchase of a major film
franchise, details for which are subject to non-disclosure and confidentiality agreements (the
“Franchise Venture”).
Based upon the Company’s current release slate of
30 video releases, 4 theatrical titles and 5 books in 2010 (as well as revenues to be derived from
the Company’s existing library plus the Elite Entertainment and FOCUSFilm libraries),
management forecasts $17-million as “Base Business” gross revenues for 2010, with pre-tax
margins of approximately $3.75-million.
VI-b). Key Title Anticipated Forecasts for 2010 – Subject to the Company’s successful
closing of the financing venture for the P&A Fund (or any other comparable financing venture),
and subject to the acquisition of at least two of the key titles now being pursued for national
theatrical release, Target-Hannover believes that an additional $22-million in gross revenues
(generating an additional $4.8-million in pre-tax margins) is realistically obtainable to be added
to the Company’s base Business Forecasts for 2010.
For 2010 and 2011, Target-Hannover forecast sales
from these two libraries along with the new release titles being provided from these two
companies is expected to generate approximately $6.3-million in gross revenues, with fees and
other margins to Target-Hannover of approximately $1.26-million (plus recoupment of all costs,
including the acquisition advance).
Based upon Target-Hannover’s current
release plans for each of these two titles (to theaters, television and video markets), the Company
forecasts gross sales of approximately $12-million with fees and margins of approximately $3-
million, most of which are expected to be realized during 2010.
Four of the key titles currently being pursued by
Target-Hannover would likely be characterized as “major release” titles, each capable of
generating $40-million or more in domestic revenues.
In December, Hannover executed agreements with Central
Film Company and Plaza Entertainment authorizing Target-Hannover to be the USA distributor
for a total of ten new release video titles. The acquisition cost for these titles was limited to art
and master delivery material expenses. For 2010 and 2011, Target-Hannover forecast sales from
these ten titles to generate approximately $1.5-million in gross revenues, with fees and other
margins to Target-Hannover of approximately $375,000 (plus recoupment of all costs).
Under the terms of the acquisition and stock-swap agreement, Parkinson and Shefte
exchanged one-hundred-percent (100%) of the shares of Truman Press, Inc., d/b/a “Hannover
House” for 159,336,082 restricted shares of Target Development Group, Inc. common stock,
collectively representing sixty-one percent (61%) of the total shares in issue following the
completion of the acquisition and stock swap agreement
Hummel
As of September 30, 2009, the unaudited and unreviewed balance sheet for
Hannover listed total assets of $21,112,938, including a library valuation of $16,015,670 (the
value of the Hannover library does not include recently acquired titles and other libraries added
since Dec. 1, 2009). Target believes that the acquisition and stock-swap agreement with
Hannover which calls for the issuance of 159,336.082 restricted shares of Target delivers a
substantial value to other Target shareholders. Excluding the value of the ongoing operations of
Hannover, the direct and immediate balance sheet benefit of the Hannover House assets and
library relative to the total number of Target shares exchanged to acquire Hannover represents a
valuation of approximately $.13 per share.
aufwachen - morgen geht hier richtig was
Hummel
III c). Major Title Acquisition Activities – Target-Hannover is pursuing a variety of higher-profile, theatrical-caliber titles for acquisition, and will be attending the 2010 Sundance Film Festival as a recognized, industry film buyer. Four of the key titles currently being pursued by Target-Hannover would likely be characterized as “major release” titles, each capable of generating $40-million or more in domestic revenues. Despite current negotiations and progress toward acquiring these properties, there can be no guarantee that Target-Hannover will ultimately prevail as the USA Distribution rights licensor to any of these titles.
V-a) Activities to Acquire or Resurrect Hemdale Communications
Target CEO Eric Parkinson formerly held the CEO positions at Hemdale Communications, Inc. and Hemdale Home Video, Inc. from 1991 through 1996 (“Hemdale”). Hemdale was a well-known and respected film production and distribution company responsible for many, major titles such as (and including) “Terminator”, “Platoon”, “The Last Emperor”, “Hoosiers” and more than 100 others. In December, on behalf of Target-Hannover, Parkinson initiated discussions with the other principal shareholders of Hemdale (or their heirs or assignees) regarding the possible resurrection of the company or the purchase of the company name as a brand label for some of the higher-profile titles that Target-Hannover may choose to release. As of the date of this Disclosure Statement, no formal agreements have been made regarding Hemdale, and there can be no guarantee or assurances that Target-Hannover will ultimately prevail in its efforts to obtain control over this recognized, independent film studio brand.
VI-a). Base Business Forecasts for 2010 – Based upon the Company’s current release slate of 30 video releases, 4 theatrical titles and 5 books in 2010 (as well as revenues to be derived from the Company’s existing library plus the Elite Entertainment and FOCUSFilm libraries), management forecasts $17-million as “Base Business” gross revenues for 2010, with pre-tax margins of approximately $3.75-million.
VI-b). Key Title Anticipated Forecasts for 2010 – Subject to the Company’s successful closing of the financing venture for the P&A Fund (or any other comparable financing venture), and subject to the acquisition of at least two of the key titles now being pursued for national theatrical release, Target-Hannover believes that an additional $22-million in gross revenues (generating an additional $4.8-million in pre-tax margins) is realistically obtainable to be added to the Company’s base Business Forecasts for 2010.
VI-c). Franchise Venture Forecasts – Due to a myriad of unknown factors relating to the Company’s pursuit of off-balance sheet financing in order to pursue a major entertainment Franchise Venture, no forecasts are currently available. However, the Franchise Venture being pursued is for a property which has generated feature films and television products with a cumulative, worldwide gross of more than $2-billion to date from previously released programs. Accordingly, the sales forecasts for Target-Hannover, should Company ultimately prevail in its pursuit of the Franchise Venture, would likely be in the range of more than $100-million.
Hummel
aktueller Kurs in USA 0,033$ - macht ca. 0,023€
viel Erfolg an den, der 1 Millionen zu 0,001 im BID stehen hat
Hummel
Posted by: i-Glide Date: Thursday, January 21, 2010 8:04:12 PM In reply to: None Post # of 13010
CNN reports that Hannover House, the entertainment arm of real estate giant Target Development Group, will be part of an elite group of film buyers at the upcoming edition of the fest. And it appears that someone is coming to the Sundance Film Festival with money in hand. CNN reports that Hannover House, the entertainment arm of real estate giant Target Development Group, will be part of an elite group of film buyers at the upcoming edition of the fest. Hannover is looking for up to four titles to acquire for distribution, and they've got the funds to compete with studios for top-shelf projects. Hannover has been in the business since 1993 and is among the leading independent distributors of DVDs and books. -- Paul Gaita -Los Angeles Times http://latimesblogs.latimes.com/awards/2010/01/...aw-from-psiff-.html
BOOOM !
Hummel
Respekt mein Freund ;)
Also, nichts für ungut
muenther
In den letzten 2 Wochen konnte man beobachten wie 2 MM in USA Shares eingesammelt haben - und zwar im Millionen$ - Bereich.
Meine Vermutung ist folgende:
Großinvestoren haben am über den Markt der Comp. Shares abgekauft , und es würde mich nicht wundern wenn das in den nächsten Tagen via News offiziell bestätigt wird.
TDGI spricht (und bestätigt das auch im Filling) von Assets im Bereich von 0,13$, und zwar ohne jegliche Zukunftsgeschäfte. Jetzt will man auf dem Filmfest 4 Blockbuster einkaufen, also scheint genügend Geld vorhanden zu sein. Prognose im Filling siehe weiter oben - 0,02$ Gewinn je Aktie in 2010 aus dem jetzigen Geschäft und was wenn ....
Nach meiner Meinung werden wir hier schnell 0,10$ und mehr sehen, schaut Euch die eingestellten Infos und Links an - bildet Euch Eure eigene Meinung und entscheidet selbst.
Gruß,
Hummel
http://www.stockta.com/cgi-bin/...;num1=3&cobrand=&mode=stock
http://www.stockta.com/cgi-bin/...symb=TDGI&num1=5&mode=stock
Date Open High Low Last Change Volume % Change
01/21/10 0.0320 0.0330 0.0261 0.0275 -0.0045 3694200 -14.06%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 11040625
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 75% - Buy
50-Day Average Volume - 5626472
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 3041069
Overall Average: 80% - Buy
Hummel
In reply to: None Post # of 13018
$17-million as “Base Business” gross revenues for 2010, with pre-tax margins of approximately $3.75-million.
$22-million in gross revenues (generating an additional $4.8-million in pre-tax margins)
Approximately $6.3-million in gross revenues, with fees and other margins to Target-Hannover of approximately $1.26-million (plus recoupment of all costs, including the acquisition advance).
Gross sales of approximately $12-million with fees and margins of approximately $3- million
Sales from these ten titles to generate approximately $1.5-million in gross revenues, with fees and other
margins to Target-Hannover of approximately $375,000 (plus recoupment of all costs).
Revenues of $58 million
Profits of $13.1 million
Earnings of .02-.03 per share
$160 million Dollar Wildcard: Four of the key titles currently being pursued by Target-Hannover would likely be characterized as “major release” titles, each capable of generating $40-million or more in domestic revenues
Hummel
(PINKSHEETS: TDGI) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), has closed its first acquisition agreement at the Sundance Film Festival, and is moving towards closure on three additional titles, reports company C.E.O. Eric Parkinson.
"Edgar Allen Poe's Requiem For The Dead," from producer Robert Tinnell's Allegheny Image Factory, is the first title bought by Hannover House during Sundance. The company plans to market the PG-13 level thriller as a hybrid release, appealing to both horror audiences and fans of Poe's classic literature. Previous feature films from Producer-Director Tinnell include "Believe" starring Elisha Cuthbert, "Airspeed" starring Joe Mantegna and "Kids of the Roundtable" starring Malcolm McDowell.
Hannover is also pursuing several high-profile theatrical titles at the Sundance Festival. "The Company Men" starring Ben Affleck, Tommy Lee Jones, Chris Cooper and Kevin Costner, directed by John Wells, is one of Hannover's top targets and negotiations have commenced with C.A.A., the agency representing the film. Hannover is also looking closely at acquisition opportunities for the Joel Schumacher drama "Twelve," starring Emma Roberts, Chase Crawford and 50 Cent, as well as two features represented by Cinetic Media, the thriller "Holy Rollers" (starring Jesse Eisenberg and Justin Bartha) and the drama "The Kids Are All Right" (starring Julianne Moore, Annette Bening and Mark Ruffalo).
"These are just a few of the titles we are looking at for possible acquisition," said Parkinson. "We're impressed with the selection of theatrical quality films at Sundance this year, and feel confident that we'll prevail in our pursuit of several major acquisitions."
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 on Target Development Group, Inc. and Hannover House,
contact:
Eric Parkinson
CEO
Hannover House
818-481-5277
Email Contact
REPOST -Eric Parkinson RECENT Business interview/HANNOVER HOUSE Growth!!
ArkansasBusiness.com (Link below!)
Film Distributor Gets Capital Boost from New OTC Partner
By Susannah Patton - 1/25/2010
Springdale is more than 1,500 miles from the film industry mecca of Hollywood.
But that's not a deterrent for entertainment distribution company Hannover House, which plans to compete with the likes of Sony Pictures and Warner Bros. for the distribution rights to the "Terminator" franchise.
Until recently, Hannover House has primarily been a DVD distributor, with about 75 percent of its revenue generated from sales of low-budget movies to retailers like Wal-Mart Stores Inc., Amazon.com and Blockbuster stores.
But CEO Eric Parkinson and president Fred Shefte are looking for a film with the potential to make a dent at the box office and raise the company's status.
"We're kind of emerging from a cave in a way," Parkinson said.
In December, Hannover House merged with publicly traded company Target Development Group Inc., elevating Target Development's stock by nearly 2,000 percent, from 0.0015 cents to 0.03 cents per share.
Under the agreement, the company will trade stock under the Target Development Group Inc. but will release films, videos and books under the Hannover House brand name.
The penny stock, traded over-the-counter under the ticker symbol TDGI closed at 0.032 cents on Jan. 19.
The merger allowed Hannover House to obtain new credit funding and off-balance-sheet financing opportunities, Parkinson said.
"The merger provided us with some liquidity that we didn't have before," he said. "It will enable us to move forward in releasing a lot more projects."
This spring, the company will release seven films on DVD and Blu-Ray, including "2 Dudes and A Dream," a comedy about actors trying to make it in Hollywood, a sci-fi thriller called "Sensored," a horror-thriller called "The Hiding," and recent theatrical releases "War Eagle, Arkansas" and "Chelsea on the Rocks."
"These are smaller titles and that's kind of the realm we're in right now," Parkinson said. "But over the next year, we fully intend to have bigger theatrical titles."
Parkinson and Shefte hope to acquire some of those bigger titles at the Sundance Film Festival in Utah in late January.
Parkinson said the festival sent a list of 115 films, which he and Shefte have narrowed down to 18 films they think they could successfully distribute.
They're hoping one of those films will be the company's flagship title.
Once they decide to bid on a film, Hannover House will pay the producer an advance against the film's expected royalties.
"Most of the movies we've acquired we've paid advances of $50,000 to $100,000," Parkinson said.
Bigger titles will require bigger advances, often up to $1 million or more.
"We're looking for a film we can hang our hat on," Parkinson said. "Sundance is a really important strategic move for us if we're going to become more than a boutique film distributor."
He points to Summit Entertainment as an example of a company that went through an instant transformation.
The company had annual revenues of $8 million, he said, and then it acquired the rights to Stephanie Meyer's Twilight series.
When "Twilight" came out, their revenue grew to $400 million, Parkinson said. The second film in the series, "Twilight Saga: New Moon" was released in November and grossed almost $700 million worldwide. Summit will release the third film, "Eclipse," in June.
"We're in the same business," Parkinson said. "If we can acquire a franchise like that, we can transform our company from $10 million annual business to a $500 to $600 million annual business."
Currently, Hannover House is pursuing the rights to the "Terminator" franchise.
Production company The Halcyon Group put the film rights up for sale in September after filing for Chapter 11 reorganization.
Lions Gate is the lead bidder on the franchise, with an offer of $15 million in cash plus 5 percent of future gross receipts in exchange for the rights to make "Terminator" sequels and spin-offs.
In order to make a competing offer, Hannover House must submit a higher bid prior to the Feb. 5 cut-off date.
Parkinson said the company is working with several private investment groups in an attempt to secure funding.
But even without the big name franchise, Hannover House is significantly increasing its library of video and literary properties in 2010.
Last year, the company had one release to DVD and Blu-Ray, a drama called "Hounddog" starring Dakota Fanning. Hannover House also released "War Eagle, Arkansas" to 11 theaters in Arkansas and later expanded the release to eight additional theaters in out-of-state markets.
In 2010, the company plans to release six films to theaters, 30 films to DVD and Blu-Ray as well as six books.
"That's a tremendous increase in volume and cash flow," Parkinson said.
Parkinson has been in the film distribution business since 1984 when he moved from Kansas to Los Angeles and got a job in the emerging home video industry.
"It was the beginning of the VHS boom and it's something I just sort of fell into," he said.
In 2002 he moved to Northwest Arkansas and bought Hannover House, a book publishing company at the time, with the intention of adding DVD sales.
Shefte, who initially served as Hannover House's loan officer at The Bank of Fayetteville, joined the company in 2006.
Hannover House offered its first theatrical release in 2005, a surfer comedy called "Off the Lip."
The company now has over 150 titles in its library.
This year, Hannover House will expand into the Video on Demand business, which will allow it to stream its films directly to the customer through cable television and Internet providers.
"We expect the Video on Demand business to grow in 2010," Shefte said. "That business has a lot of benefits for companies like us because we can avoid the packaging and shipping costs."
The company would also benefit from the direct payment stream when a customer purchases a movie through video on demand.
The duo is also looking into cutting down on shipping costs by opening their own DVD pressing facility.
Hannover House currently has its DVDs manufactured in California and then shipped to a warehouse in Springdale before they are packaged and shipped to retailers throughout the country.
"There is an inefficient component in using a third party," Parkinson said.
The company is also in the midst of plans to build a new facility in the Fayetteville industrial park.
Parkinson said the proximity to Wal-Mart is part of why the company chooses to stay in Northwest Arkansas.
"There are a lot of reasons why, even if we eventually put an office in Los Angeles and New York, that we still want to have our headquarters in Northwest Arkansas," he said. "We're centrally located, and it doesn't hurt to be next door to our largest customer."
It's also where Parkinson and Shefte want to live.
"The cost of living is low and the quality of life is high," Parkinson said.
http://www.arkansasbusiness.com/printable.aspx?aid=119575
Hummel
TDGI acquires "Twelve." "Twelve" is officially Sundance's closer!
http://www.variety.com/article/...8014413.html?categoryid=13&cs=1
'Twelve' inks deal at Sundance
By SHARON SWART, PAMELA MCCLINTOCK
'Twelve'
Deals came fast and furiously at Sundance over Wednesday night.
Publisher Hannover House's film and vid arm has picked up Joel Schumacher's dark teen chiller "Twelve" for around $2 million.
Plans are for a major-market theatrical rollout this year. Hannover has released a handful of titles theatrically, but until now hadn't jumped into bigger films. A private equity fund is backing title acquisitions for Hannover.
"It's a very significant investment for us," said Hannover CEO Eric Parkinson. "In order for us to really thrive, we have to step up."
"Twelve" was produced by France's Gaumont, Radar and Original Media, with CAA packaging the financing. Gaumont, both a production and a distribution company, financed "Twelve."
Gaumont sparked to the script by Jordan Melamed and wanted to make a Schumacher film. "As a low-budget indie-style film, we could go into production without pre-sales," Gaumont chairman Sidonie Dumas told Variety.
"Twelve," based on the best-selling tome by Nick McDonell, chronicles the violent and drug-fueled exploits of privileged Manhattan teens. Chace Crawford, Emma Roberts, Rory Culkin star along with 50 Cent, Ellen Barkin and Kiefer Sutherland.
Former Lionsgate and Weinstein Co. distribution chief Tom Ortenberg will consult with Hannover on the pic's North American rollout through his One Way Out Media consulting shingle.
"Twelve" is Sundance's official closer. Its first public unspooling is at Park City's Eccles theater Friday evening.
In other action, Newmarket plunked down around $1 million in an early-morning deal for the U.S. distribution rights to Spencer Susser's "Hesher." A Canadian deal for the pic is currently closing.
"Hesher" premiered here last week to mixed industry reaction but has continued to be a crowdpleaser.
Film stars Joseph Gordon-Levitt as a mayhem-prone loner who takes up with a family still reeling from a death. Pic also features Devin Brochu, Natalie Portman and Rainn Wilson.
Newmarket plans a fall release for "Hesher."
Infos zum Film:
Director:
Joel Schumacher
Screenwriter:
Jordan Melamed, based on the novel by Nick McDonell
Darsteller:
Chace Crawford, Emma Roberts, Rory Culkin, Curtis "50 Cent" Jackson, Kiefer Sutherland, Ellen Barkin
Producer:
Ted Field, Charlie Corwin, Bob Salerno, Jordan Melamed, Christophe Riandee, Sidonie Dumas
Cinematographer:
Steven Fierberg
Hummel
Joel Schumacher (* 29. August 1939 in New York City, USA) ist ein US-amerikanischer Regisseur, Drehbuchautor und Produzent.
Leben [Bearbeiten]
Schumacher ist in New York City geboren und hat an der Parson School of Design studiert. Zunächst in der Modeindustrie arbeitend begann er seine mediale Arbeit als Modedesigner und entwickelte seinen Stil in der Fernsehbranche. Er schrieb das Drehbuch für den Erfolgsfilm Car Wash (1976) und eine Anzahl von anderen Filmen mit weniger Erfolgen. Er verfasste auch das Drehbuch für The Wiz – Das zauberhafte Land (1978).
Sein Regiedebüt hatte er mit Die unglaubliche Geschichte der Mrs. K. (1981) mit Lily Tomlin, und es folgten schnell weitere Erfolge; dazu gehörten drei Brat Pack-Filme. Mit solider Arbeit und wachsendem Ansehen bekam er sein erstes großes Budget, als er von Tim Burton die Rechte für Batman übernahm. Batman Forever (1995) war ein Sommerhit, der Nachfolger Batman & Robin (1997) war ein kommerzieller Misserfolg. Der angekündigte fünfte Film der Batman-Serie wurde abgesagt und Schumacher kehrte größtenteils zu weniger ehrgeizigen Projekten zurück.
2004 schuf er mit opulenter Ausstattung die Filmversion von Andrew Lloyd Webbers Musical Das Phantom der Oper.
Er verfilmte auch zwei Romane von John Grisham, Der Klient (1994) und Die Jury (1996).
Filmografie [Bearbeiten]
1981 – Die unglaubliche Geschichte der Mrs. K. (The Incredible Shrinking Woman)
1983 – Die Chaotenclique (D.C. Cab)
1986 – St. Elmo’s Fire (St. Elmo's Fire)
1987 – The Lost Boys
1989 – Seitensprünge (Cousins)
1990 – Flatliners – Heute ist ein schöner Tag zum Sterben (Flatliners)
1991 – Entscheidung aus Liebe (Dying Young)
1992 – 2000 Malibu Road (Mini Serie)
1993 – Falling Down – Ein ganz normaler Tag (Falling Down)
1994 – Der Klient (The Client)
1995 – Batman Forever
1996 – Die Jury (A Time To Kill)
1997 – Batman & Robin
1999 – 8mm – Acht Millimeter (8MM)
1999 – Makellos (Flawless)
2000 – Tigerland
2002 – Bad Company (Bad Company)
2002 – Nicht auflegen! (Phone Booth)
2003 – Die Journalistin (Veronica Guerin)
2004 – Das Phantom der Oper (The Phantom of the Opera)
2007 – Number 23
Quelle: http://de.wikipedia.org/wiki/Joel_Schumacher
Heute wird es steigende Kurse geben -:)
Hummel