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Target Development Group; Hannover House : Target Development Group, Hannover House Acquire 10 Video Titles

^{Published on 2009-12-18 12:30:07 - Market Wire}
 

SPRINGDALE, AR--(Marketwire - December 18, 2009) - Hannover House, the film and video releasing label for Target Development Group, Inc. (PINKSHEETS: [ TDGI ]) (Other: [ www.TargetDevelopmentGroup.com ], [ www.HannoverHouse.com ]), announced today the acquisition of video distribution rights to 10 additional titles, including six new release feature films. The programs, under license from Central Film Company and Family Universal Network, will be released by Hannover House on DVD and Blu-ray in late spring and early summer 2010.

Central Film Company has expanded its existing distribution relationship with Hannover House with the addition of six new release features: "Eyes of the Woods," "Allegheny Sunset," "Naked Nerve Endings," "The Sky is Falling," "Static" and "The Wind and the Long Black Scarf."

Los Angeles-based Family Universal Network will provide four animated features -- "Treasure Island," starring the voice talent of Hugh Laurie ("House") and Richard E. Grant ("Garfield: A Tale of Two Kitties"); "Journey to the Center of the Earth"; "Around the World in 80 Days"; and "20,000 Leagues Under the Sea." Each will be available as individually packaged DVDs, as well as be part of a three-pack item Hannover will release as "The Jules Verne Classics Collection."

Earlier this week, Hannover House announced a library distribution venture with Elite Entertainment and FOCUSFilms. The total number of titles in the Hannover House library now exceeds 150, including catalog programs, new releases and newly acquired theatrical feature films to be announced in the upcoming months.

"We're pleased to have a solid line-up of diverse, new release videos through 2010," said Eric Parkinson, CEO of Hannover House and Target Development Group. "These titles will provide a significant foundation for our expansion into the higher-profile, theatrical features that ultimately will define the company."

Hannover House was established in 1993 as a publisher of fine literature, and was expanded in 2002 by former Hemdale CEO Eric Parkinson to include film and video products. Attorney and banker D. Frederick Shefte joined Hannover House as President in 2007. Target Development Group, Inc. acquired Hannover House this month in a stock-for-stock swap agreement. For 2010, Hannover House plans to release eight films to theaters, 28 titles to home video, and six new release books.

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.