SOURCE: Target Development Group, Inc.

August 18, 2010 14:20 ET

"Racing Dreams" Leads Powerhouse Video Slate for Target

SPRINGDALE, AR--(Marketwire - August 18, 2010) -  Target Development Group, Inc. (PINKSHEETS: TDGI) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), the parent company of entertainment distributor Hannover House, has announced a powerful line-up of DVD, Blu-ray and Video-On-Demand releases for the fourth quarter of, 2010. Leading the list is the acclaimed documentary, "Racing Dreams," which opened at theaters in May and continues to play in markets across the country.

"Racing Dreams," from director Marshall Curry and producers Jack Turner and Dwayne 'The Rock' Johnson, will hit DVD and Blu-ray on September 28. DVDs are priced at $24.95 suggested retail, and Blu-ray units are priced at $19.95 suggested retail. Hannover House has received placement commitments for the item with Blockbuster, Best Buy, Netflix, Walmart and other, major national retailers.

In October, the company will release "Devil's Grove," as the first new release under the Elite Entertainment library venture. Another sci-fi horror title from Elite, "2" will be released in December.

Director Abel Ferrara's "Chelsea on the Rocks" featuring Ethan Hawke and Dennis Hopper will also be released in October, having been rescheduled from July due to video mastering delays. Hannover will also release Blu-ray editions of selected catalog titles in October, including the sci-fi thriller, "Sensored" and western, "Outlaws: The Legend of O.B. Taggart."

November new releases include the theatrical titles "Bobby Dogs" and "Cook County," both of which will be supported with targeted promotional campaigns. December titles include the action adventure "Boilermaker" and the instructional sports video, "Championship Soccer."

Additionally, the company plans to relaunch the marketing and promotional campaign behind the Barr McClellan book, "Made in the USA," to capitalize on the buy-American momentum that is now building.

"As we head into the busiest sales season of the year for videos and books, we are refocusing our management attention and corporate resources into maximizing this profitable, core business," said TDGI and Hannover House President, Fred Shefte. "The theatrical release of 'Twelve' monopolized most of our attention over the past six months, so it's invigorating to be launching this commercial video slate into the lucrative fourth quarter market. People see our theatrical and video releases competing for screens or retail shelf space alongside the major studio titles. But they sometimes forget that TDGI / Hannover House is a relatively small company with a tiny overhead and operating budget. It's easy for us to generate bottom-line results from mid-level titles, and we predict that this upcoming video slate will be quite profitable," he concluded.

For more information on "Racing Dreams," visit: www.RacingDreamsFilm.com

For more information on Target Development Group, Inc. and Hannover House, contact Fred Shefte at 479-751-4500 / email: dfs.hannoverhouse@sbcglobal.net

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.

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