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Hannover House, Inc.

 
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Hannover House Establishes Spanish-Language Releasing Label

Apr 08, 2014

OTC Disclosure & News Service

New York, NY -

Hannover House, Inc. (OTC: HHSE), a leading independent distributor of films, books and entertainment products, is expanding its home entertainment programming mix to address the growing marketplace of Spanish-speaking consumers in the United States and Canada.  Effective with the June 26 theatrical launch of the Mexican thriller, "Borrar de la Memoria," Spanish-language titles from Hannover House will be marketed under the Peliculas ?Ol?! branding for theatrical, home video, V.O.D. and television release.

 

Initial theatrical releases under the  Peliculas ?Ol?! label include "Borrar de la Memoria" and the Sundance Film Festival international competitor, "Asalto Al Cine."  Initial home video releases include "Tierra Salvaje" and "El Viaje Magico."  Previously released Spanish-language titles from Hannover House will be rebranded as new DVD inventories are needed.  Top selling Spanish titles previously released by Hannover House include (alphabetically):  Ahi Esta El Detalle, Ando Volando Bajo, Antonio Aguilar Colecion, Ay Que Tiempos Senor Don Simon, Dos Tipos de Cuidado,  El Rapto, La Leyenda: Germain de la Fuente y Los Angelos Negros, Macario, Rigo Tovar Una Confesion Total, Santo Y Blue Demon Contra Los Monstruos and Vivir Para Amar. 

 

Key accounts that will be targeted for the renewed outreach to the Spanish market include Walmart, Redbox, Target and Best Buy.

 

"The company has generated millions of dollars in the past through the release of quality, Spanish-language movies onto DVD," said Eric Parkinson, Hannover House C.E.O.  "The establishment of this new branding outreach, and our enhanced attention to  this growing market, should be a significant and complementary revenue stream to supplement all of our other corporate activities," he concluded. 

 

Hannover House was formed in 1993 as a book publisher.  DVDs were added as a product line in 2003, and by 2004, the company began dabbling in limited release theatrical titles such as ?Off The Lip?, ?Hounddog? and ?War Eagle, Arkansas? to enhance the films? profile for the DVD and Video-On-Demand markets.  In 2010, Hannover House licensed the Joel Schumacher thriller, ?Twelve? at the Sundance Film Festival , for a sizable advance to production entity, Gaumont, of $1.75-million.  The film was released that summer to 220 theatres, and became a significant DVD and Blu-Ray hit through a distribution pact with 20th Century Fox Home Entertainment.  However, since 2010, the company has not secured distribution rights to any major theatrical titles. The formation of Medallion and the capital access that this venture provides, should provide Hannover House with major releases to drive its release slate.

 

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.

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