Hannover House revises fiscal year-end period to Sept. 30

Hannover House, Inc. (OTC: HHSE) has announced that its Board of Directors have voted to revise the company's fiscal year-end period to September 30.  Previously, the company's year-end period was calendar based, ending on Dec. 31 each year. 

"We feel that the September 30" date better corresponds to the revenue cycles of entertainment products," said C.E.O. Eric Parkinson.  "Many titles have their initial releases during the holiday months, yet do not achieve their full sales cycles until the following spring.  Splitting the key release cycle over two separate reporting years can result in an incomplete view of a title's revenue performance."

Parkinson also noted that the Sept. 30 year-end will also expedite the filing of the company's Form 10 registration statement by assuring timely financials, and avoiding the annual-reporting congestion that some auditing firms encounter each spring from multiple clients. 

Hannover House, Inc. is a multi-faceted entertainment distributor, with activities in the production, acquisition and release of film and television programs to multiple media platforms.  Founded in 1993 and operating continuously for the past 26-years, the Hannover House logo and brand name has appeared on more than 5-million DVD and book copies sold into North America.  The company has released over fifty films to theatres in North America, and over four-hundred-fifty titles to the home video market.