SOURCE: Target Development Group, Inc.

February 02, 2010 09:00 ET

Target Division Hannover House Scores Top Sundance Title

Theatrical Veteran Tom Ortenberg Tapped to Handle Release

PARK CITY, UT--(Marketwire - February 2, 2010) - Sundance Film Festival -- Hannover House, the film and video distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI) (Other:,, prevailed over three other studio bidders at last week's Sundance Film Festival to purchase the North American distribution rights to director Joel Schumacher's acclaimed teen drama, "Twelve." Based on the best-selling book by Nick McDonnell, "Twelve" presents a powerful and insightful look into the secret lives of today's youth, and stars Chase Crawford ("Gossip Girls"), Emma Roberts ("Nancy Drew"), Rory Culkin ("Lymelife"), Ellen Barkin ("Ocean's 13"), Keifer Sutherland ("24") and multi-platinum-selling rap music superstar Curtis "50-Cent" Jackson.

"This is a major acquisition and positive step towards the realization of our 2010 business plans for Hannover House and Target Development Group," said Eric Parkinson, C.E.O. "Major feature titles such as 'Twelve' have tremendous commercial value, and will contribute significantly to our revenues. We are extremely pleased to have prevailed in our acquisition efforts for this title, and are excited about the film's theatrical release plans for this summer."

Hannover House plans to release "Twelve" to theaters on June 18, 2010. The marketing and distribution plan is being handled by industry veteran Tom Ortenberg, who set multiple theatrical releasing achievement records during his 12 years as President of Lionsgate Films. While at Lionsgate, Ortenberg managed the release of more than 100 films including Academy Award winners "Crash" and "Monster's Ball," as well as "Fahrenheit 9-11," the first five "Saw" movies and four successful Tyler Perry / Madea films. Ortenberg will consult with Hannover House through his recently formed entertainment venture, One Way Out Media.

"The principal cast of 'Twelve' shares our enthusiasm for the film's release and will be supporting our premiere and media campaign this summer," said Parkinson.

"The film resonates and connects with today's youth like nothing else I've ever seen. Films such as 'Rebel Without A Cause,' 'Risky Business' and even 'Napoleon Dynamite' have provided a voice for generations of youth to be heard. But 'Twelve' really gets into the hearts and minds of today's teens and young adults," concluded Parkinson.


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