Target Releases Statement Regarding Corporate Opportunities

In response to shareholder requests for additional information regarding potential corporate opportunities for Target Development Group, Inc. (Pinksheets: TDGI) (Other: www.HannoverHouse.com), the company has issued the following statement from C.E.O., Eric Parkinson:

"This is a very exciting time for Target Development Group, Inc. Our Hannover House entertainment division is active in five arenas of media distribution and is positioned for solid growth in 2010 and the years ahead. To maximize shareholder return, the Target Board is exploring a variety of opportunities that could accelerate the implementation of the company’s business plan. Our communication to shareholders as such has sparked interest and enthusiasm, but also some confusion and speculation.”

"To be clear, the Target Board of Directors is not considering a corporate merger or a closure of TDGI. The Board is evaluating opportunities that would be expected to generate a premium benefit for shareholders. One of the ventures presently under consideration is a partial asset sale of some aspects of the Hannover House division to a fully-reporting Bulletin Board entity that currently meets the shareholder requirements for an expeditious upgrade to the American Stock Exchange. If this venture were pursued, existing TDGI shareholders would receive stock in the Bulletin-Board entity as well as maintaining their TDGI shares. Contemporaneously, the Hannover House activities remaining within TDGI would be enhanced and expanded to preserve ongoing earnings opportunities comparable to, or greater than, those levels currently forecasted. If consummated as structured, the result would be a winning scenario for TDGI shareholders. It is important to note that the Board may elect to disregard this, or other opportunities, and continue with the company’s existing business plan. Regardless, the company stands firm in its commitment to explore growth opportunities without dilution of equity. The Board believes that the company is properly positioned to pursue one of these ventures, if such a move is determined to be clearly beneficial to TDGI shareholders.”

SAFE HARBOR STATEMENT

This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although the company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate.