Target Development Group Releases Timeline of Corporate Compliance Issues and Theatrical Releases

NEW YORK, July 29, 2011 /PRNewswire/ -- A timeline of corporate filings and theatrical film distribution dates was released today by Target Development Group, Inc. (Pinksheets: TDGI), in response to shareholder inquiries regarding the company's compliance and disclosure requirements.  At present, the company's stock shares are listed on the OTC Markets, commonly known as the Pinksheets.  In order to be fully compliant with all of the requirements and recommended disclosures for the OTC Markets, the company will be posting additional items over the next few days.

Information that is now ready for release includes:  year-end financials for Target Development Group, Inc., as of 12-31-2009; Articles of Incorporation; By-Laws; Amendments / Board Actions affecting the stock float; and the acquisition agreement of Truman Press, Inc., d/b/a Hannover House.  In addition, the disclosure report posted on July 8, 2011 has been substantially expanded to include greater detail, additional data, disclosures and information that is recommended, but not required by the OTC Markets.  Upon completion of posting of each of these disclosures, an attorney letter from corporate counsel will acknowledge the company's full reporting compliance with the OTC Markets.

All of the company generated reports and filings will be posted within the next few days.  The attorney's letter of compliance acknowledgement is anticipated to be posted shortly thereafter.

In addition to matters of corporate filings, the company's entertainment division, Hannover House, provided updates for the release dates of key theatrical titles for the remainder of the year.  The romantic comedy, "ALL'S FAIRE IN LOVE" starring Christina Ricci is scheduled to open in theatres on September 30;  the award-winning drama "COOK COUNTY" starring Anson Mount will open November 11;  the critically praised animation epic from director Jiri Barta, "TOYS IN THE ATTIC" will open December 2 in a venture with Eurocine International;  the Russian-thriller, "THE WEATHER STATION" is expected to be released in November;  and the Spanish-language, Sundance title, "ASALTO AL CINE" will open August 17 at the NY Latin Film Festival, prior to a roll out to key markets in late October.  All other theatrical titles on the company's roster are expected to be released during the first quarter of 2012.  The company's release venture with SeaWorld Pictures for "TURTLE: THE INCREDIBLE JOURNEY" continues to play in theatres across the country, with market expansions scheduled for every weekend through Labor Day.  

For More Information Contact:  Lauren Sterling, 479-751-4500 / [email protected]

SOURCE Target Development Group, Inc.

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