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Hannover House Pacts With Final Cut Films for International Sales Venture

Hannover House, the film and video distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI), has entered into an international sales and marketing venture with Vancouver-based Final Cut Films, announced today by Hannover House president D. Frederick Shefte and Final Cut CEO Craig Adlard. The sales venture will be launched at the American Film Market-IFTA marketplace in Santa Monica in November, and will highlight three new release feature films and approximately seventeen recent or catalog titles from the Hannover House library.

"We are excited to enter the foreign distribution arena for our line-up of titles from Hannover House," said Shefte. "Craig Adlard is a well-known and highly respected international rights sales executive whom we have known and dealt with for more than ten years. Our venture with his new company, Final Cut Films, is a great vehicle for Hannover House to maximize revenues from these previously unexploited rights," he continued.

Prior to forming Final Cut Films, Adlard was a senior sales and marketing executive with Industry-Works International, and also held sales posts with Lionsgate and Sony Pictures Home Entertainment. He has more than 12 years of experience in the sales and marketing of independent feature films, with market presence at all of the major international festivals, including Cannes, MIPCOM, AFM, Toronto and Berlin.

The library of titles owned or controlled by Hannover House includes over 170 film and video titles, including the recent theatrical releases of "War Eagle, Arkansas," "Racing Dreams," "Twelve" and "Chelsea on the Rocks." In addition to USA distribution rights, many of the titles in the Hannover House library also have international rights availabilities, which have previously not been exploited by the company.

A complete list of new release features and catalog titles from Hannover House at the AFM-IFTA market will be released in September. The American Film Market is an annual film, television and video show for international rights and buyers, organized and operated by the Independent Film & Television Alliance (IFTA). For more information on the American Film Market, visit: www.AmericanFilmMarket.com