ADTR Alliance Media Holdings Inc (CE)

NEW YORK, May 18, 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 nine months ended March 31, 2015.

Net sales for the three months ended March 31, 2015 decreased 11% to $13.2 million from $14.9 million in the three months ended March 31, 2014.  Net income for the three months ended March 31, 2015 declined to $37,000 from $392,000 for the comparable period in 2014.

For the nine months ended March 31, 2015 net sales decreased 14% to $41.4 million from $48.0 million in the nine months ended March 31, 2014.  Net income for the nine months ended March 31, 2015 decreased to $265,000 from $988,000 for the comparable period in 2014. 

Jay Gelman, Chairman and Chief Executive Officer, said, "We had fewer sources for value product during the March 2015 periods than in the corresponding 2014 periods. The decline in availability reflects residual turmoil from last year's new platform introductions of Sony's Playstation®4 and Microsoft's Xbox One, vendors who are out of business, licensing lapses, and a reduction in distress closeout opportunities. I expect that vendors who are now concentrating on new platform products will in due course accelerate their value product offerings.

"BlazeBlue: Battle Cards™ is our first licensed mobile game for Apple's iPad and is available for download in the App store. The reduction in net income from the 2014 periods reflects our costs for the development of BlazeBlue as well as the decline in our value revenues."

About Alliance

Alliance Distributors Holding Inc. (www.alliancedistributors.com), along with its wholly-owned subsidiary, Alliance Metaversal Studio LLC, is a vertically integrated video game company. Its Alliance Distributors operating division is a full-service wholesale distributor of video games, hardware and accessories, with a special concentration in value video games.  Alliance is a licensed publisher for Sony Computer Entertainment of America, Microsoft and Nintendo, and as Alliance Digital Media® publishes both originally created and third party licensed games in console, mobile, and PC/Mac formats.  Alliance develops both original and third-party video games as Alliance Game Studios (formerly Metaversal Studios).

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.

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SOURCE Alliance Distributors Holding Inc.