Hannover House Submits 2012 Release Slate and Forecasts for Corporate Finance Opportunities
Hannover House Submits 2012 Release Slate and Forecasts for Corporate Finance Opportunities
Source: Hannover House / Target Development Group, Inc.
May 30, 2012 14:22
Company forecasts growth of over 100% for current year, over 2011 results.
"Los Angeles, CA, May 30, 2012 (GLOBE NEWSWIRE) -- Sales revenues during calendar year 2012 for independent studio Hannover House (OTC Markets: HHSE) will reflect the company's ongoing commitment to the home video market, as well as new activities in presales and licensing to international buyers, said Eric Parkinson, C.E.O. For 2012, the company has set a revenue goal of 11.7-million, with a projected pre-tax operating margin of about 2.1-million. Titles contributing the most towards revenues include the August theatrical release of "Toys in the Attic," (starring Academy Award winner Forest Whitaker) and international presales for the fall 2012 production of "Mother Goose" (starring Academy Award winner Shirley MacLaine).
"The revenue projections were released today in compliance with public company guidelines requiring access to information that might otherwise be considered preferential and non-public. Parkinson is meeting with corporate financing parties in Los Angeles this week, and will be discussing the Hannover House release slate and forecasts..." (more)
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globenewswire.com
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Jim
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