ADTR Alliance Media Holdings Inc (CE)

NEW YORK, May 8, 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 nine months ended March 31, 2014.

Net sales for the three months ended March 31, 2014 decreased 23% to $14.9 million from $19.3 million in the three months ended March 31, 2013.  Net income for the three months ended March 31, 2014 declined slightly to $392,000 from $402,000 for the comparable period in 2013.

For the nine months ended March 31, 2014 net sales decreased 3% to $48.0 million from $49.7 million in the nine months ended March 31, 2013.  Net income for the nine months ended March 31, 2014 increased to $988,000 from $731,000 for the comparable period in 2013.  Net income for the nine months ended March 31, 2013 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, "Our revenue for the fiscal third quarter last year was elevated mainly because of a small group of especially advantageous purchases of product. Although we had less special offers during the same period this year we still substantially maintained our income level.

"It has been six months since Sony and Microsoft introduced the new generation of platforms. We are participating in software sales for these platforms as a distributor and continue to focus on the value product business for prior platforms. In late December 2013 we introduced The Pinball Arcade for the PS4™ game system which was our first publishing venture under our Alliance Digital Media label. Through the creative development team at our Metaversal Studios subsidiary, we continue to pursue additional publishing and development opportunities for all gaming platforms."

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.

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SOURCE Alliance Distributors Holding Inc.