SOURCE: Target Development Group, Inc.

February 24, 2011 08:30 ET

Hannover House Establishes Controller Position

NEW YORK, NY--(Marketwire - February 24, 2011) - Hannover House, the entertainment division of Target Development Group, Inc. (PINKSHEETS: TDGI), has established the position of Controller to oversee the company's internal record keeping and accounting activities, and has tapped entertainment and accounting veteran Eduardo Suarez-Moreno for the job. Suarez-Moreno is an accounting veteran with more than 25-years of experience as a CPA, full-charge bookkeeper and finance and administration director for Virgin Entertainment & Television de Mexico (a subsidiary of the U.K.-based Virgin Entertainment). Suarez-Moreno earned a BS in Accounting and his MBA from La Salle University, and has been living and working in the United States for the past nine years.

In his duties as Controller for Hannover House and Target Development Group, Inc., Suarez-Moreno will be responsible for overseeing the operational accounting functions of the company as well as the quarterly and annual reports required for public company filings. He will be the primary accounting liaison for the company, working with both the outside review accountants as well as with Hogan-Taylor, LLC as company auditors.

"We are very pleased to have a controller with such extensive experience and notable skills for this important position," said D. Frederick Shefte, President of Hannover House and Target Development Group, Inc. "As the company embarks on an ambitious release slate for 2011, as well as reporting and audit requirements, having Eduardo on our finance team will be a tremendous help."

Suarez-Moreno will work out of the Hannover House corporate offices in Springdale, Arkansas, commencing his duties on February 25, 2011.

Contact Information