Greetings HHSE Friends & Followers - The worst part of the C.E.O. job at HHSE is the attempt to balance the release of information with the necessity that often dictates that some information must be held until after catalyst events... as well as the reality that all of the HUGE activities that we are achieving each has multiple third-party participants who do not always act as quickly to complete the tasks (as we shareholders might prefer).
As a result, I often find myself in an embarrassing situation of having relayed news that - due to third parties - does not set into concrete as quickly as might have been possible.
So - without stepping into that bear trap once again, let me share the news of principal items and issues of interest to shareholders. The information in the following items does not over-step the NDAs covering joint formal announcements... OR... does not set target dates that HHSE (alone) cannot control.
1). UPLIST to OTC QB - It is possible that this could occur any day now.
2). RELEASE OF TRUMP BOOK - with a third round of editorial changes completed, we have issued the print purchase order with the supplier and set dates for both the E-Book and the Print editions. We will Publicly Release the DATES as soon as Barnes & Noble and Amazon confirm acceptance of the dates.
3). MAJOR NEW FINANCING - without breaking proprietary information and NDA's - we can say that the board has approved the offer for a $3.5-million credit line from a major bank - as well as support from a credit-enhancement insurance bond. This venture will provide overhead for HHSE, funding for new productions, new acquisitions, book activities and MyFlix launch. Yes, all of the big things we have struggled to do - but forced to delay for lack of capital - will now be available to HHSE. So, it has been an extremely important and all-consuming process to make this happen. Part of our enhanced activities will include the engagement of two outside publicity firms - one to concentrate on the company's core activities and releases, and another to help inform investors and stock traders of the extreme value and tremendous upside that HHSE stock offers to smart investors at this time.
4). NEW ACTIVITIES - with a major "legal hurdle" resolved with a streaming partner, we are FINALLY able to release WILDFIRE to movie theatres without jeopardizing the streaming launch. We have set Sept. 26 as our theatrical launch and have offers for over 300 locations (including 33 of the top 40 largest DMA Markets). We also are scheduling some original feature production activities over the next three months, each of which merits their own, individual news releases. On the theatrical release front, we have an Academy Award caliber documentary release that will "break in the entertainment industry news" on Monday (July 7), as well as the TRAIL OF TEARS release for Academy Awards consideration in the category of Best Live Action short film. We are also promoting the Cherokee Language song, ADAYGAYUDI from the WILDFIRE movie for the category of Best Original Song for this year's Oscars.
5). NEW FACILITIES - Part of our new financing will pay for the acquisition of three acres of land and the construction of a 60 X 100 foot building (with a 20-foot sidewalls). This will show up as a real estate asset on the company's balance sheet, and will build great value as the painful, monthly obligation for "rent" will be converted into a growing equity of value for the company and our shareholders. FYI, since 2002, Hannover House has paid over $800,000 in "rent" to third party landlords. It's time for that money suck to end, and to be converted into a happy day for building shareholder equity.
On behalf of our board of directors, we all wish that we could disclose more SPECIFICS or select target DATES that do not require third party compliance. But as each issue occurs, we will be able to (finally) beat those drums and make some noise for HHSE. Hold tight, we're about to cross the finish line from this long and difficult race.
BEST REGARDS - ERIC PARKINSON, C.E.O.
Hannover House, Inc. (and affiliated labels)
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