ADTR Alliance Media Holdings Inc (CE)

NEW YORK, Feb. 9, 2015 /PRNewswire/ -- Alliance Distributors Holding Inc. (Pink Sheets: ADTR), a distributor, developer and publisher of interactive video games and gaming products, today announced its financial results for the three and six months ended December 31, 2014.

Net sales for the three months ended December 31, 2014 increased 4% to $15.0 million from $14.5 million in the three months ended December 31, 2013.  Net income for the three months ended December 31, 2014 declined to $14,000 from $165,000 for the comparable period in 2013.

For the six months ended December 31, 2014 net sales decreased 15% to $28.2 million from $33.1 million in the six months ended December 31, 2013.  Net income for the six months ended December 31, 2014 decreased to $229,000 from $596,000 for the comparable period in 2013. 

Jay Gelman, Chairman and Chief Executive Officer, said, "Value and closeout opportunities during the six months ended December 2014 continued at a rate less than in the corresponding 2013 period as publishers continued to assess the market in light of the introduction of Sony's Playstation®4 and Microsoft's Xbox One. Industry sales of software for the new consoles trail 2013 sales of prior generation software at least in part because of the smaller install base of the new consoles. The growth in our revenue during the three months ended in December 2014 reflects a possible stabilization of the market as the install base of new consoles increases at an impressive rate.

"The reduction in net income from the 2013 six-month period resulted primarily from the reduction in our value and closeout opportunities as well as from costs incurred by our studio for the development of BlazeBlue: Battle Cards™.   BlazeBlue: Battle Cards™ is our first licensed mobile game, which we expect to release in the first calendar quarter of 2015."

About Alliance Distributors Holding Inc.

Alliance Distributors Holding Inc. (www.alliancedistributors.com) is a full-service wholesale videogame distributor, specializing in gaming products and accessories for all key manufacturers and 3rd party publishers. Through its wholly-owned subsidiary, Alliance develops downloadable and social content video games as Metaversal Studios (www.metaversalstudios.com) and publishes videogames as Alliance Digital Media™ (www.alliancedigitalmedia.com).

Safe Harbor

Certain statements contained in this press release contain forward-looking statements including without limitation, statements concerning our operations, economic performance, and financial condition.  The words "estimate," "believe," "expect," "should" and "anticipate" and other similar expressions generally identify forward-looking statements, which speak only as of their dates.

Investors are cautioned that all forward-looking statements, which are based largely on our current expectations, involve risks and uncertainty. Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including without limitation, risks associated with technological change, competitive factors and general economic conditions, including the related impact on discretionary consumer spending, changes in marketing and distribution strategies by manufacturers, timely development and release of video game products we produce, potential cost overruns in our development of video games, ability to protect our intellectual property rights, potential claims that we have infringed the intellectual property rights of others, market acceptance of games we develop and / or publish, the emergence of new or growing competitors and various other competitive and technological factors. There can be no assurance that the results referred to in the forward-looking statements contained in this release will occur. The Company has no duty and undertakes no obligation to update any forward-looking information, whether as a result of new information, future developments or otherwise.

Xbox One, Xbox, Xbox 360 and Xbox LIVE are either registered trademarks or trademarks of the Microsoft group of companies.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliance-distributors-holding-inc-reports-financial-results-for-the-three-and-six-months-ended-december-31-2014-300032749.html

SOURCE Alliance Distributors Holding Inc.