Business
Hannover House Expands Production and Financing Opportunities in Oklahoma as Natural Extension to Form 10 Filing and MyFlix Launch
Hannover House Expands Production and Financing Opportunities in Oklahoma as Natural Extension to Form 10 Filing and MyFlix Launch.
About this update from Hannover House, Inc.
[{"type":"text","content":"FAYETTEVILLE, AR / ACCESSWIRE / July 25, 2021 / Hannover House, Inc., (OTC PINK:HHSE) has filed with the Oklahoma Secretary of State to conduct business in Oklahoma as part of the company's current activities with the newly announced $20-million dollar action-adventure feature, "Meltdown" and other corporate endeavors. As part of this activity, Hannover House has obtained an option to purchase twelve acres of land in Cherokee County, Oklahoma which the company intends to use as the site of a 15,000 square foot production stage to house the necessary Nuclear Plant sets for "Meltdown." The company hopes to close the transaction for the acquisition of for the land within the next 45-days so that construction on the stage and film sets can commence in October.The State of Oklahoma has been supporting motion picture and television production through a series of incentives and rebates that make it one of the best locales for filming in the U.S.A. With the maturation of the entertainment market moving towards "event" level films - as well as Hannover's own desire to create locomotive titles for the company's upcoming MyFlix streaming portal - a presence in Oklahoma should prove to be financially beneficial to the company, explained C.E.O. Eric Parkinson.Following approval of the Flood Plain Permit and other documentation required by the Oklahoma Department of Environmental Quality and the Cherokee County planning department, Hannover House plans to tender an offer for the land and to make the appropriate material disclosures to the Securities and Exchange Commission and OTC Markets. To qualify for the maximum level of incentive support from Oklahoma, it may be necessary to purchase the land and pursue the "Meltdown" production through an Oklahoma-domiciled, special-purpose entity instead of directly under Hannover House, Inc. as a foreign corporation doing business in Oklahoma.Due to the material nature of this transaction, specific details including the plot location, the architectural plans, the special purpose entity and the financing structure will be added this week into the Hannover House Form 10-12(g) Registration Filing. Although the acquisition of the land and the construction of a film stage will not qualify for State of Oklahoma incentives, the use of the facility for "Meltdown&qu...