Hannover House Pacts with Anything Technologies Media for Manufacture, Fulfillment of Home Entertainment Products
06 3월 2014 - 10:30PM
Access Wire
Los Angeles, CA / ACCESSWIRE / 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.
Anything Technologies Me... (PK) (USOTC:EXMT)
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