Hannover House Adds Video-On-Demand Mastering to In-House, Post-Production Facilities

Hannover House Adds Video-On-Demand Mastering to In-House, Post-Production Facilities

NEW YORK, Nov. 16, 2011 /PRNewswire/ -- Hannover House, the operating division of Target Development Group, Inc. (Pinksheets: TDGI) has made a capital commitment to expand the company's in-house, post-production facilities to include full mastering capabilities to service all of the company's Video-On-Demand customers. Previously, mastering of Hannover House features for V.O.D. clients was handled by several Los Angeles-based labs generating up to six, distinctive delivery formats. The move to internalize the mastering and servicing is expected to save the company over $250,000 in the next year, and expand Hannover's abilities to create additional delivery materials.

"This is a logical and wise investment, now that we've secured distribution access for all of the major V.O.D. accounts," said Fred Shefte, President of Hannover House and Target Development Group, Inc. "Dealing with multiple, third-party labs has been inefficient and costly. Creating V.O.D. masters and handling these deliveries internally will save time and money as well as provide greater security and inventory control for the masters in our growing film library."

Timothy Ellis has been hired by Hannover House in the newly created position as Director of Technical Services. Ellis is designing, purchasing and supervising the assembly of the mastering equipment and post-production suite, with assistance from an independent, broadcast-engineering consultant. Most recently, prior to joining the staff at Hannover House, Ellis produced and directed the DVD bonus features that appear on the company's newly released home video, "Turtle: The Incredible Journey."

Hannover House will also be upgrading the company's motion picture equipment to convert into Digital Cinema quality HD gear. At present, the company owns Arriflex, 35mm BL equipment, for sync-sound film production. However, recent improvements in HD video have led a general revolution in cinematography away from 35mm film in favor of the higher-resolution, lower-light requirements of available through Digital Cinema formats. All of the company's motion picture production equipment, vehicles and facilities will be managed by Timothy Ellis, operating out of the company's Springdale, Arkansas location.

In other news, Hannover has announced that the company's voluntarily filing of Q3 reports (detailing all sales, income and expenses for the three months ending September 30, 2011) will be posted onto the OTC Markets website today. The company reports significantly improved sales and profits for the quarter, buoyed in large part to theatrical box office for "Turtle: The Incredible Journey" and home video revenues from the 20th Century Fox Home Entertainment release of the Joel Schumacher thriller, "Twelve." Gross revenues for the quarter were $1,996,367 with pre-tax, gross profits (after General & Administrative expenses) of $896,656.

FOR MORE INFORMATION CONTACT:
Lauren Sterling, 479-751-4500 / Lauren@HannoverHouse.com

SOURCE Target Development Group, Inc.

Target Development Group, Inc.

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