Target Development Group, Inc. Provides Earnings Guidance for the First and Second Quarter of 2012
March 16, 2012 at 02:24 pm EDT
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Target Development Group, Inc. provided earnings guidance for the first and second quarter of 2012. For the first quarter of 2012, along with projections for the second quarter, the company anticipates an overall increase in revenues of approximately 43% over the same two periods in 2011. However, due to greater profit margins and reduced capital expenditures, the company forecasts a more significant bottom line improvement in the range of 128% over the previous year's results.
Hannover House, Inc. is a media production and distribution company. The Company is involved in book publishing, feature film and video production, and distribution of feature films and videos through various media platforms and territories worldwide. It publishes fiction and non-fiction books. The Companyâs media distribution includes the release of films to theaters, home video, digital streaming formats, television outlets and international licensors. The Company is also developing a digital streaming site, MyFlix, which consolidates feature films and television series programming owned by a range of studios and content owners into a single destination digital streaming site. The Companyâs subsidiaries include Medallion Releasing, Inc., which is engaged in handling non-Hannover House producer clients, and Bookworks, Inc., which is a special purpose entity utilized for book publishing activities, as well as for the purposes with the Screen Actors Guild.