Business
Hannover House on track for rapid growth in Revenues, Profits and Stock Support
Hannover House on track for rapid growth in Revenues, Profits and Stock Support.
About this update from Hannover House, Inc.
[{"type":"text","content":"The successful launch of a multi-studio distribution pact and several other key ventures has independent media company Hannover House, Inc. (OTC: HHSE) poised for rapid growth, said managers in the company's first newsletter to shareholders. Three major benchmark achievements are already in place with four others set for the coming weeks. Bottom line say managers, is that revenues are expected to more than triple, and shareholder value should soar by a factor of 10.\n \nThe shareholder newsletter is the first from Hannover House, and is planned for each upcoming quarter, to be sent via US Mail to confirmed shareholders of record. Issues addressed in the newsletter include:\n \n1). New Multi-Studio Distribution Pacts – Under the direction of recently hired VP of Sales, Tom Sims (a top entertainment industry executive), Hannover House has entered into distribution or sales agency pacts with ten outside studios for the representation of their video titles to major retailers and mass merchants. The first titles under this pact are already in release, with \"American Justice\" (Paseo Miramar Studios) poised to be the highest grossing video of 2014 for Hannover House. Prior to joining Hannover House, Sims was the Video Buyer for Walmart at Anderson Merchandisers, and later established similar multi-studio ventures at Vivendi / Universal Music Group and Allegro Music Group. The Vivendi studio venture was generating annual sales of more than $150-million under the structure implemented by Sims.\n \n2). Enhanced Theatrical Release Activities – In order to elevate the stature and revenue potential of Hannover releases, the company is expanding its presence with national theatrical releases. The first major release is a partnership with Redbull Media House for the Nov. 7th launch of \"On Any Sunday: The Next Chapter\" to more than 250 theatres. Based on the media and promotional plans in place with Redbull, Hannover House forecasts that the title will be the company's highest grossing theatrical and video title of all time. Three other theatrical releases are slated to follow the momentum that Hannover expects to generate with Redbull and the \"On Any Sunday\" release. \n \n3). Proprietary Video-On-Demand Venture – Hannover House has pacted with a t...