Alliance Entertainment Holding Corporation (Nasdaq: AENT)
(“Alliance Entertainment”, “Company”), a distributor and wholesaler
of the world’s largest in stock selection of music, movies, video
games, electronics, arcades, and collectibles, will be exhibiting
at Toy Fair® in New York City at the Jacob K. Javits Center
September 30 - October 3.
Prominently displayed in the Alliance booth 5879
will be products from Funko, Arcade1UP, Super7, Mattel, Bandai,
McFarlane Toys, Mezco and other vendors representing the best in
entertainment licenses from Disney, Netflix, Anime, DC, Marvel,
Star Wars and others. Alliance is known for having the largest in
stock selection of Toys and Collectibles in North America with more
than 9,500 unique SKUs currently in stock.
The booth will also feature a dedicated space
showcasing current and upcoming collectibles from Wētā Workshop,
which is an Exclusive partner with Alliance Entertainment,
distributing into North America, South America, Asia and around the
world.
“The New York Toy Fair gives us great
opportunities to advance our vendor and customer relationships
within our rapidly growing Toy and Collectible division,” said Jeff
Walker, CEO of Alliance Entertainment. “I am excited to attend with
many members of our worldwide sales team and our All-Star buying
team.”
Toy Fair is owned and operated by The Toy
Association®. It is the largest and most comprehensive play-focused
experience, marrying the industry’s entire ecosystem with key
players to help with business development and sourcing the latest
products from across all forms and stages of play. Featuring
thousands of new and unique toys, games, edutainment,
entertainment-driven experiences, and more from around the world,
Toy Fair offers attendees a competitive edge no other trade event
can match.
About The Toy Association
Founded on June 9, 1916 as Toy Manufacturers of
America, Inc., The Toy Association®, Inc. is the business trade
association representing hundreds of companies including
manufacturers, retailers, licensors and others who are involved in
the youth entertainment industry. Our manufacturing members account
for 93% of US toy and game sales, which were approximately $40
billion in 2022.
About Alliance
Entertainment
Alliance Entertainment (NASDAQ: AENT) is a
premier distributor of music, movies, toys, collectibles, and
consumer electronics. We offer over 375,000 unique in stock SKU’s,
including over 57,300 exclusive compact discs, vinyl LP records,
DVDs, Blu-rays, and video games. Complementing our vast media
catalog, we also stock a full array of related accessories, toys
and collectibles. With more than thirty-five years of distribution
experience, Alliance Entertainment serves customers of every size,
providing a robust suite of services to resellers and retailers
worldwide. Our efficient processing and essential seller tools
noticeably reduce the costs associated with administrating multiple
vendor relationships, while helping omni-channel retailers expand
their product selection and fulfillment goals. For more
information, visit www.aent.com.
Forward Looking Statements
Certain statements included in this Press
Release that are not historical facts are forward-looking
statements for purposes of the safe harbor provisions under the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such
as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,”
“intend,” “expect,” “should,” “would,” “plan,” “predict,”
“potential,” “seem,” “seek,” “future,” “outlook,” and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of other financial and
performance metrics and projections of market opportunity. These
statements are based on various assumptions, whether identified in
this Press Release, and on the current expectations of Alliance’s
management and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as and must not be relied on by
an investor as, a guarantee, an assurance, a prediction, or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Alliance. These forward-looking statements
are subject to a number of risks and uncertainties, including risks
relating to the anticipated growth rates and market opportunities;
changes in applicable laws or regulations; the ability of Alliance
to execute its business model, including market acceptance of its
systems and related services; Alliance’s reliance on a
concentration of suppliers for its products and services; increases
in Alliance’s costs, disruption of supply, or shortage of products
and materials; Alliance’s dependence on a concentration of
customers, and failure to add new customers or expand sales to
Alliance’s existing customers; increased Alliance inventory and
risk of obsolescence; Alliance’s significant amount of
indebtedness; Our ability to continue as a going concern absent
access to sources of liquidity; risks and failure by Alliance to
meet the covenant requirements of its revolving credit facility,
including a fixed charge coverage ratio; risks that a breach of the
revolving credit facility, including Alliance’s recent breach of
the covenant requirements, could result in the lender declaring a
default and that the full outstanding amount under the revolving
credit facility could be immediately due in full, which would have
severe adverse consequences for the Company; known or future
litigation and regulatory enforcement risks, including the
diversion of time and attention and the additional costs and
demands on Alliance’s resources; Alliance’s business being
adversely affected by increased inflation, higher interest rates
and other adverse economic, business, and/or competitive factors;
geopolitical risk and changes in applicable laws or regulations;
risk that the COVID-19 pandemic, and local, state, and federal
responses to addressing the pandemic may have an adverse effect on
our business operations, as well as our financial condition and
results of operations; substantial regulations, which are evolving,
and unfavorable changes or failure by Alliance to comply with these
regulations; product liability claims, which could harm Alliance’s
financial condition and liquidity if Alliance is not able to
successfully defend or insure against such claims; availability of
additional capital to support business growth; and the inability of
Alliance to develop and maintain effective internal controls.
For investor inquiries, please
contact:MZ GroupChris Tyson/Larry
Holub(949) 491-8235AENT@mzgroup.us
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