ADTR Alliance Media Holdings Inc (CE)

NEW YORK, Nov. 7, 2013 /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 first quarter ended September 30, 2013.

Net sales for the quarter ended September 30, 2013 increased 52% to $18.7 million from $12.3 million for the quarter ended September 30, 2012. Net income for the 2013 quarter increased to $431,000 from $16,000 in the corresponding period in 2012.  Net income for the quarter ended September 30, 2012 takes into account approximately $125,000 in severance and related expenses for the outsourcing of warehousing and fulfillment operations.

The Company also reported that it signed an agreement with FarSight Studios to publish The Pinball Arcade, a video game developed by FarSight Studios for the new PlayStation®4.  The game has been submitted to Sony Corporation Entertainment America LLC for final approval.

Jay Gelman, Chairman and Chief Executive Officer, said, "The release in November of Microsoft's Xbox One and Sony's PlayStation®4 may negatively impact our results starting in the fourth quarter by reducing revenues from prior generation consoles and games."

Gelman continued, "FarSight Studios is a respected developer in our industry and we are delighted to enter into the publishing arena with them on a great family oriented title that utilizes the best features of the PS4™ console. Subject to Sony's final approval we are aiming to release the title later this month, which would put us in the PS4™ launch window."

About Alliance Distributors Holding Inc.

Alliance Distributors Holding Inc. and subsidiaries (www.alliancedistributors.com), which does business as Alliance Distributors, is a full-service wholesale videogame distributor, specializing in gaming products and accessories for all key manufacturers and 3rd party publishers. Alliance Distributors offers support on: PS3®, PlayStation®Vita, PSP®, PS2®, Xbox 360® video game and entertainment system from Microsoft, Wii U, Wii, 3DS and DS, peripherals and software titles. Alliance develops downloadable and social content video games through Metaversal Studios (www.metaversalstudios.com), which it wholly-owns, and publishes videogames as Alliance Digital Media™.

About FarSight Studios

FarSight Studios (www.farsightstudios.com) is a videogame developer located in Big Bear Lake, California.  As experienced developers, FarSight Studios has been creating videogames continuously since 1989. They have developed games for every major console from the original Nintendo Entertainment System to the PlayStation®4. FarSight's games have been awarded Editor's Choice awards, Toy of the Year nominations, and Greatest Hits designations on multiple platforms.

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.