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Hannover House Revenues Up 373% and Profits Up 246% in Year-to-Year 2010 and 2011 Annual Results
Hannover House Revenues Up 373% and Profits Up 246% in Year-to-Year 2010 and 2011 Annual Results
"LOS ANGELES, March 13, 2012 /PRNewswire/ 14:38 ET -- Hannover House, Inc., the rebranded name for Target Development Group, Inc. (Pinksheets: TDGI), posted significant gains in both revenues and bottom line results for the 12-month period ending December 31, 2011. Revenues for 2011 grew from 2010's total of $911,422 to $4,319,087 for 2011, and bottom line (pre-tax) profits grew from $404,559 in 2010 to $1,400,684 for 2011, the company reported.
'"While these gains are significant, we must acknowledge that 2010 was a build-up year for acquisitions and infrastructure and we were starting from a modest revenue base," said Fred Shefte, President. "We expected 2011 to be significantly better than the results for 2010, just in the same way that we anticipate that our enhanced release activities for 2012 will have significant gains over 2011. We think that what's most notable is our ability to generate bottom line profits on modest revenues due to our limited overhead and efficient marketing strategies," he concluded..."(more)
