Friday, December 28, 2012
Fingers crossed HHSE Friends & Shareholders:>> we have just completed the preparation and upload of our first Edgar (10-Q) report filing, and submitted it to MacReport Media for processing. This report covers the quarter ending Sept. 30, 2012, and is functionally identical to the filings already made to the OTC Markets (except, formatted into XBLR for the EDGAR submission). This filing will bring the company current with Edgar until the next scheduled period, which would be the annual report (10-K), due in March. It has been the company's stated plan to begin filing with Edgar, and once started, to maintain this schedule. We needed confirmation that our 2010 and 2011 audits would be completed in time for H-T to release the 2012 audit for this forthcoming 10-K deadline. It's been a tough year for the HHSE stock trading price, which is especially ironic due to this also being our most profitable year by a huge margin (with our refocus on high-margin DVD releases). We've also reduced debts by nearly $750,000 this year, to continue to strengthen our balance sheet and operational focus. We look forward to another great year in 2013, and hope that we'll see some positive activity within the investor community to our current "bargain-priced" stock shares! Best Regards and Happy New Year from all of us at Hannover House!
Friday, December 21, 2012
Thursday, December 20, 2012
Hannover House is proud to announce the Jan. 29, 2013 release of "BLIND VISION" from best-selling author Vivian Jeanette Kaplan ("Ten Green Bottles" / Penguin-Putnam Publishers). This highly anticipated book is a beautifully written and riveting literary historical novel based on one of the most horrific times of the late 15th Century. Thousands of new Christians in Spain, forced to convert from Judaism to Christianity, were accused of continuing the Jewish faith, resulting in their torture and brutalized execution. These events were led by the Vatican appointed Grand Inquisitor, Tomas de Torquemada as well as King Ferdinand and Queen Isabella. These real life events, and the subsequent emigration out of Spain by disenfranchised Jews, was featured today on National Public Radio's All Things Considered.
Wednesday, December 19, 2012
Monday, December 17, 2012
20th Century Fox Home Entertainment surprised us today with a welcomed but unexpected bounty in the form of initial sell-thru sales results (and royalties) from their recent push with "TWELVE" at retail! What a pleasant surprise, and right before the holidays, too! We should take time to thank FOX for the incredible job they have done with the release of "TWELVE" for Hannover House, and their ongoing commitment to promoting the title for sell-thru and new placements. I know that we managers at Hannover often complain about the huge investment the Company made to acquire and release "Twelve," and the associated debt burden it created. But let's take a moment to acknowledge that 20th Century Fox has done an amazing job with sales, revenues and PAYMENTS and for their help, we are most grateful and thankful this holiday season!
Friday, December 14, 2012
So pleased to report that Hannover House has yet another nationwide DVD placement at Wal-Mart with the addition of the basketball documentary "Fathers of the Sport" hitting stores February 5, 2013. The pre-history of the NBA is presented in this acclaimed documentary from director Xavier Mitchell and Executive Producers Penny Marshall ("A League of Their Own") and Eric Parkinson ("Off Road Warriors"). With this placement, Hannover House will have a total of eight (8) titles on the shelves at Wal-Mart in February!
Greetings Shareholders & HHSE Friends -- at the request of many of our legitimate "long" shareholders, an impressive agenda of suggested changes to corporate governance were suggested to the Board. These will be reviewed at noon (CST) today in a Board of Directors meeting and the results of applicable Board Actions will be promptly posted to the OTC Markets as a public disclosure. We thank our shareholders for their support and advice, and hope together to implement strategies to restore the PPS to a level at least comparable to our sector (avg. Price-Earnings ratio is 20-X... HHSE is currently trading at onlyh 3-X !!). Let's hope that these actions and strategies will kick-start a nice "Santa Claus" rally, and give the company's shares a positive trajectory going into the new year. We think the stock should reflect the growth in our core business and revenues, and it's time to restore logic, sanity and reality to the Investor Relations activities.
Tuesday, December 11, 2012
So pleased to have learned that another Hannover House title, "Turtle: The Incredible Journey" has been approved for the Wal-Mart budget bins (on sale in January). The revenues from the budget bins can be significant; as stated previously, some of the better-selling Hannove House releases to the Wal-Mart budget bin have generated between $1-million and $1.5-million (e.g., "Oxygen", "Martial Arts Pack", "SWAT"); and with DVD replication costs lowering every quarter, the margins keep improving on these sales. Even our "worst-selling" budget bin item at Wal-Mart was a healthy success! We'll keep you posted as this item (and other HH budget bin placements) begin to generate reorders!
Tuesday, December 4, 2012
Some shareholders have asked HH Management about the releasing philosophy for the company, and whether or not we will continue to pursue higher-profile releases (or limit the schedule to direct-to-video level fare). The short answer is "yes," we will continue to develop and pursue major caliber titles... but will rely upon these easily and affordably marketed direct-to-video titles each month to generate nice cash flow and operating margins.
There is not a great upside to the company if we were to only release movies like "COWBOYS VS VAMPIRES" even though this sort of title is the proverbial "no brainer" to decide upon for release (limited investment, but significant sales). There is a definite upside limit to what level of annualized revenues Hannover House (or any supplier) is likely to achieve if the release schedule consisted solely of two or three direct-to-video-titles each month. In order for Hannover House to hit a more impressive revenue and bottom line result, we need to supplement the meat-and-potatoes schedule with two to four "event" level releases each year.
For the Major Studios, an "event level" release would be something like "The Avengers" on 3,800 screens. For an indie company like Hannover House, an "event level" release would be quite a bit more modest in both production scope and release breadth. We could, for instance, get extremely excited (and see material impact) from a 500-print release of a movie such as "The Mothman Chronicles" (which, by the way, has an AMAZING but not-yet-public lead star!). A movie like "Mother Goose!" (which has a visual production design strikingly similar to the new trailer for "OZ: The Great and Powerful") could easily be the company's first 1,000+ print theatrical release (assuming it turns out as well as its potential). Anyway, much more to come.