March 15, 2021
Dear HHSE Friends, Colleagues, Suppliers and Shareholders –
In the last two days I have received multiple messages from Hannover House shareholders thanking me for my work at HHSE and wishing me well. I thank you for those and I thank the many shareholders I have met at our shareholder meetings and at premieres of films that Hannover House has brought to the market. Thank you for your many courtesies and your support.
Of course, my most heartfelt and complete thanks goes to my friend and business associate Eric Parkinson. I also thank the fine employees of Hannover House for their expertise, diligence and dedication; and also for their friendship. While there are so many to thank, I especially want to acknowledge the years of work and assistance from Jon McCallum and Maryevelyn Jones.
Through Hannover House, I have met many wonderful people – both on the business and artistic side of the film and publishing activities for the company.
I have had fairly severe personal and health set-backs in the past couple of years, and I have therefore not been able to be as involved as I would like to in the day-to-day operations of Hannover House. And so, it is time for me to withdraw and do something I never thought of or prepared for: retire. There will be many difficult parts of this retirement for me, but perhaps the most difficult for me will be not going into the Hannover House offices on College Avenue in Fayetteville every day. I have truly enjoyed reviewing and entering into distribution agreements with producers and others for their creations and to help present their dreams to audiences. I suppose that sometime in the next week, I will go into the office, take some of my personal items, perhaps turn off the coffee pot (Eric and I drink a lot of coffee), and feel a profound sadness as I lock the door (if I am the last one out that day).
On the business side, I am saddened that I will not be on board to see MyFlix become the great success that I am confident it will be. Eric and I and others have discussed the changing nature of our business for many years, and MyFlix will be a leader in these changes. I continue to be confident in the unique characteristics and sound business plan of MyFlix.
As President of Hannover House, it has been my pleasure to work with Eric and others on the public company disclosures, signing (even electronically), the filings and quarterly reports that review the past accomplishments and provide a road map for the promising future.
It has saddened me in recent years to see that there are some who continue to attempt to manipulate the Hannover House share pricing through fanciful and untruthful statements. Their goal has been to profit by hurting the company and our shareholders. As I retire, I can only say “shame on you.” We all know who they are – cowards who hide behind chat-board pseudonyms, spewing falsehoods in an effort to scare shareholders into selling HHSE stock at the lowest possible price. While these manipulative tactics have occasionally hurt the share price, the resilience of our loyal shareholders has enabled the company to maintain and build our market cap and prepare for an extremely exciting 2021.
There are exciting changes coming for Hannover House. While I won’t be there at the helm alongside Eric, I will be watching and applauding. I know all of you will, too. I am truly grateful for my 14 years as President of Hannover House, and I thank all of you.
Sincerely,
Don Frederick Shefte, President
HANNOVER HOUSE, INC. /
FredShefte1@gmail.com
Hannover
House, Inc., 355 N. College Ave., Suite D, Fayetteville, AR 72701
