Los Angeles, CA / March 6, 2014 / Hannover House, Inc. (OTC: HHSE), a leading independent distributor of films, books and entertainment products, has entered into a long-term replication agreement with Anything Technologies Media, Inc. (OTC: EXMT) for the manufacture and fulfillment of DVD, Blu-ray and Audio CD products. The agreement is effective immediately and is expected to cover approximately two-million units of home entertainment products being sold by Hannover House in the coming months to major retailers including Walmart, Best Buy, SAMS and Netflix.
"As the unit sales volume of our home entertainment products has grown, so has the need for a strategic relationship with a major partner in the replication arena," said Eric Parkinson, C.E.O. of Hannover House. "Anything Technologies Media is one of the leading, independent manufacturing companies for the varieties of home entertainment products that we distribute, and the terms of this venture are mutually beneficial to both companies," he concluded.
The pricing and credit terms extended for Hannover House products under the agreement are beneficial and competitive, especially considering the unit volumes involved, said Parkinson. Additionally, each company will benefit from an exchange of restricted stock shares, with Hannover House taking a position of EXMT shares, and Anything Technologies Media assuming an equal, market-value position of HHSE shares.
Initial DVD releases to be manufactured under the new venture include the Walmart multipack titles "Family Movie Night", "Jules Verne Collection" and "Pappa Cap: Urban Six Pack" as well as the new release features "Spring Break Murders", "Possession Within", "Frankenstein 2014", "Reach" and "Wide Blue Yonder." Initial BluRay titles include "Cook County" and "Spring Break Murders." The first audio CD to be manufactured under the venture is the John Lennon tribute album, "Lennon Bermuda," featuring original tracks performed by Yoko Ono, Bryan Ferry, Maxi Priest and Judy Tzuke.
"Streamlining our manufacturing and fulfillment procedures is a major step towards achieving our 2014 revenue goals," said Fred Shefte, President of Hannover House. "The pricing, quality, turn-around times and service being provided by Anything Technologies Media will improve our efficiencies and bottom line."
ABOUT ANYTHING TECHNOLOGIES MEDIA INC. - Anything Technologies Media Inc., is a Multi-Media Digital applications, Audio CD, DVD, and Blu-ray production and marketing company. ATM is the parent company of subsidiary Corporations, and is also focused on partnerships and acquisitions in the medical marijuana sector. The company and partners each have their own professional management team with extensive backgrounds in finance, new technologies, manufacturing, marketing and distribution, media manufacturing and fulfillment. ATM's goal is to combine the expertise of our team members to create a cohesive force, which will carry the company forward in the marketplace to a preeminent position through revenue sharing and acquisitions.
ABOUT HANNOVER HOUSE - Founded in 1993 as a book publisher, Hannover House added DVD products in 2003 and has grown the business into a well-recognized brand in the independent film marketplace. The company releases about 24 new DVD titles each year, with occasional theatrical releases (based on product stature), and ongoing releases in the Audio CD format and Book Publishing platforms. Hannover House believes that the company is ideally suited for rapid growth during 2014 and 2015. Newly announced activities to develop major motion pictures with a variety of pre-sale and non-recourse financing structures will provide Hannover House with high profile theatrical releases that could significantly increase revenues, profits and corporate stature. Additionally, a consumer roll-out launch of the video-on-demand venture, “VODwiz.com” (and an IPTV VODwiz channel) could generate parallel revenue paths with a business plan combining elements of the Netflix streaming structure with the Redbox discount pricing model. While developing these new revenue streams, Hannover House will continue to operate its core business of monthly DVD and V.O.D. releases, with additional release activity occurring with book publishing and theatrical activities throughout the year.
Key retail accounts for Hannover House include Walmart Stores, Inc., Redbox, Netflix, Barnes & Noble and thousands of independent video retailers, schools, libraries and booksellers. The company also sells entertainment products to a wide range of internet sites, and services most major video-on-demand portals. Hannover House stock is traded on the OTC Markets under ticker symbol: HHSE.
SAFE HARBOR STATEMENT
This 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.
For more information contact:
Eric Parkinson, Hannover House, 479-751-4500, Eric@HannoverHouse.com
Rick Wilson, Anything Technologies Media, Inc., 800-474-8996
Source: Hannover House, Inc.
Release ID: 35215