SOURCE: Target Development Group, Inc.

January 25, 2010 13:37 ET

Sundance Festival Proves Active for Hannover House

Company Announces First Acquisition; Closing in on Three Additional Titles

PARK CITY, UT--(Marketwire - January 25, 2010) - Sundance Film Festival -- Hannover House, the entertainment distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI) (Other:,, has closed its first acquisition agreement at the Sundance Film Festival, and is moving towards closure on three additional titles, reports company C.E.O. Eric Parkinson.

"Edgar Allen Poe's Requiem For The Dead," from producer Robert Tinnell's Allegheny Image Factory, is the first title bought by Hannover House during Sundance. The company plans to market the PG-13 level thriller as a hybrid release, appealing to both horror audiences and fans of Poe's classic literature. Previous feature films from Producer-Director Tinnell include "Believe" starring Elisha Cuthbert, "Airspeed" starring Joe Mantegna and "Kids of the Roundtable" starring Malcolm McDowell.

Hannover is also pursuing several high-profile theatrical titles at the Sundance Festival. "The Company Men" starring Ben Affleck, Tommy Lee Jones, Chris Cooper and Kevin Costner, directed by John Wells, is one of Hannover's top targets and negotiations have commenced with C.A.A., the agency representing the film. Hannover is also looking closely at acquisition opportunities for the Joel Schumacher drama "Twelve," starring Emma Roberts, Chase Crawford and 50 Cent, as well as two features represented by Cinetic Media, the thriller "Holy Rollers" (starring Jesse Eisenberg and Justin Bartha) and the drama "The Kids Are All Right" (starring Julianne Moore, Annette Bening and Mark Ruffalo).

"These are just a few of the titles we are looking at for possible acquisition," said Parkinson. "We're impressed with the selection of theatrical quality films at Sundance this year, and feel confident that we'll prevail in our pursuit of several major acquisitions."


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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    Eric Parkinson
    Hannover House
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