Business
Hannover House and TXSTAR cross Bridge to Redemption with Indie Production Pact
Hannover House and TXSTAR cross Bridge to Redemption with Indie Production Pact.
About this update from Hannover House, Inc.
[{"type":"text","content":"Hannover House, Inc. (OTC: HHSE), a leading U.S.A. producer and distributor of independent films, books and entertainment products, has made an agreement with Austin-based TXSTAR Entertainment, Inc. on the upcoming production of the indie thriller, \"Bridge to Redemption.\" The suspense thriller has been budgeted at $3.85-million, and will be directed by Bobby Sargent from his own script.Negotiations are underway for principal cast, which TXSTAR feels will likely include three high-profile stars. Financing for the picture will be through a private placement offering from TXSTAR primarily through Texas-based investors, with additional assistance from tax incentives and rebates from the State of Texas. Hannover House and its international sales division, Medallion International Pictures, will be representing the picture for worldwide rights, subject to performance guarantees and income thresholds.Pre-production is completed and principal photography is expected to commence in November in and around Austin, Texas.TXSTAR President Bobby Sargent is a 35-year veteran of the motion picture industry, with extensive credits as a stunt man, stunt coordinator and second-unit director. Major credits for Sargent include \"First Blood\", \"Dazed and Confused\" and \"Fast Times at Ridgemont High.\"Other current production ventures for Hannover House include \"Mother Goose: Journey to Utopia\", \"The Legend of Belle Starr\", \"The Unwelcome\", \"Shadow Vision\" and \"Clown Town.\" The addition of TXSTAR’s \"Bridge to Redemption\" to the Hannover House production slate increases the total production value of the six films to $21.5-million.\n\nHannover House stock is traded on the OTC Markets under ticker symbol: HHSE.SAFE HARBOR STATEMENT \n\nThis 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.\n\n ","length":2968,"tagName":"div"}]