Hannover House Builds on Core DVD and Video Sales for Improved Profits in 2012
Hannover House Builds on Core DVD and Video Sales for Improved Profits in 2012
Press Release March 16, 2012, 2:24 p.m. EDT
"NEW YORK, Mar 16, 2012 (GlobeNewswire via COMTEX) -- Hannover House, Inc., the rebranded corporate name for Target Development Group, Inc., reports enhanced profitability from current sales activities that are more focused on the company's core home video business, rather than on theatrical releases which predominated company resources during 2011. For the first quarter of 2012, along with projections for the second quarter, the company anticipates an overall increase in revenues of approximately 43% over the same two periods in 2011. However, due to greater profit margins and reduced capital expenditures, the company forecasts a more significant bottom line improvement in the range of 128% over the previous year's results. Hannover House has been profitable every quarter since becoming part of Target Development Group, Inc., effective back in January, 2010..."(more)
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