(Reprinted from AccessWire News Service, Monday, June 22, 2015)
Hotstoqx Releases Summary Report and
Strong Buy Recommendation for Hannover House, Inc.
(Vancouver, B.C.)
HotStoqx.com, a Vancouver-based investor awareness firm involved in the
analysis of publicly-traded companies, has renewed their strong “BUY”
recommendation for media distributor Hannover House, Inc. (OTC: HHSE). HotStoqx has targeted a thirty-day share
price target of $.05 – which is about five-times the current trading price –
and a six-month / year-end target price of $.22 per share, based on the
tremendous increase in product releases for Hannover House, as well as the
company’s new video-on-demand streaming venture, VODWIZ.
A previously announced “BUY” recommendation for Hannover
House was suspended by Hotstoqx in mid-May following the company’s withdrawal
of a Form 10 Registration filing with the Securities and Exchange Commission.
However, following an interview last week with Hannover House principals Eric
Parkinson (CEO) and Fred Shefte (President), Hotstoqx has renewed its coverage,
support and HHSE recommendation.
“We were very satisfied with the company’s responses to our
questions, especially items concerning the revised Form 10 filing and the
increasing cash flows from recent sales,” said Tammy Baines of Hotstoqx. “The issues resulting in the withdrawal of the
Form 10 statement were unrelated to Hannover House, and had no impact on the
company’s release slate and ongoing revenue achievements. The company is
experiencing significant revenue growth from multiple sources, and we feel that
the HHSE stock price should appreciate rapidly as the market becomes better
informed.”
Hannover House, Inc. has been operating in the publishing
and entertainment sectors since 1993, and has grown into a recognized brand
name in the releasing of independent films to theatres, DVD, video-on-demand
and television. A new venture to expand
the video and V.O.D. release slate was launched in 2014 as Medallion Releasing,
Inc., under V.P. of Sales Tom Sims. The
Medallion venture enables other independent film and video distributors to
access the Hannover House distribution pipeline to theatres, mass merchants and
other media licensors for a fee. The
company has also signed up more than 3,500 titles from twelve supplier studios
to support the upcoming consumer roll-out launch of VODWIZ, a movie streaming
service specializing in independent films.
Regarding higher-end titles for initial release into
theatres, Hannover House has announced eleven films for theatrical release in
2015, which will be supplemented with two additional “wide” release titles for
Q4. The core business of DVD and Blu-Ray
releases will set an industry record this year with more than ninety total
releases, which represents a substantial increase over 2013 and 2014 which each
saw less than eight new video releases for those years. Q1 Revenues for HHSE were at a record pace,
and the company reports that Q2 revenues will continue this trajectory as the
company moves into Q3 and Q4, which are traditionally the most lucrative
quarters for consumer, home video sales.
Hotstoqx produced and released its initial Research Report
in April on Hannover House, which may be obtained by sending an email to: info@hotstoqx.com. The previously published report is also
available on the OTC Markets site at: http://www.otcmarkets.com/financialReportViewer?symbol=HHSE&id=136557
SAFE HARBOR STATEMENT
Under The Private
Securities Litigation Reform Act of 1995: The statements in the Press
Announcement Report as prepared and submitted by Hotstoqx (Vancouver, B.C.) that
relate to the forecasts and expectations of Hannover House, Inc., and with
regard to the future impact on the results from new products in release and in
development for Hannover House, Inc., Medallion Releasing, Inc. and VODWIZ,
Inc. are forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995. Since this information may
contain statements that involve risk and uncertainties and are subject to
change at any time, the company's actual results may differ materially from
expected results. Prices in OTC Market stocks are often affected by influences
unrelated to and often in opposition to the actual results and value of
companies such as Hannover House, Inc.; Hotstoqx makes no representation,
warranty or guarantee that the anticipated results and forecasts will occur and
that the stock values for Hannover House, Inc. will reach the levels that
Hotstoqx feels are realistic and obtainable based on the company’s current,
actual and anticipated results.
(REPRINT BELOW OF HOTSTOQX ORIGINAL RESEARCH REPORT: APRIL, 2015)
