ADTR Alliance Media Holdings Inc (CE)

NEW YORK, Feb. 6, 2014 /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, 2013.

Net sales for the three months ended December 31, 2013 decreased 20% to $14.5 million from $18.1 million in the three months ended December 31, 2012.  Net income for the three months ended December 31, 2013 declined to $165,000 from $313,000 for the comparable period in 2012.  Net income for the three months ended December 31, 2012 takes into account approximately $67,000 in expense for outsourcing our warehouse operations and relocating our principal office to New York City.

For the six months ended December 31, 2013 net sales increased 9% to $33.1 million from $30.4 million in the six months ended December 31, 2012.  Net income for the six months ended December 31, 2013 increased to $596,000 from $329,000 for the comparable period in 2012.  Net income for the six months ended December 31, 2012 takes into account approximately $192,000 in severance and related expenses for the outsourcing of warehousing and fulfillment operations..

Jay Gelman, Chairman and Chief Executive Officer, said, "The release in November of Microsoft's Xbox One and Sony's PlayStation®4 negatively impacted our results by reducing revenues from prior generation consoles and games. Xbox360 and PS3 software sales were off as much as 35% industry-wide in December 2013 compared to sales of these products in December 2012.  We expect this to continue for the foreseeable future."

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, ability to realize anticipated benefits of acquisitions, potential undiscovered liabilities of companies that we acquire, changes in our business or growth strategy, the emergence of new or growing competitors, 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.

SOURCE Alliance Distributors Holding Inc.