Alliance Media Holdings Inc.
(www.alliancemediaholdings.com) 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 Zachtronics.
Alliance Media Holdings Inc. Reports
Financial Results For The Three Months Ended
NEW YORK, Dec. 1, 2017 /PRNewswire/ -- Alliance Media Holdings Inc.
(OTC-Pink: ADTR), a distributor, developer and publisher of interactive
video games and gaming products, today announced its financial results
for the three months ended September 30, 2017.
Sales for the three months ended September 30, 2017 decreased 41% to
$4.6 million from $7.8 million in the three months ended September 30,
2016. The Company lost $489,000 for the three months ended
September 30, 2017 compared to net loss of $299,000 for the three
months ended September 30, 2016.
Jay Gelman, Chairman and Chief Executive Officer, said, "Our results
for the quarter reflect further movement by the video game industry
from traditional distribution to digital and streaming alternatives.
Still, the distribution market is large and sometimes turbulent, and we
will continue to be active in that market with nimble and innovative
approaches that may result in quarters that go down as well as up. We
are also making peace and joining with the digital market by
increasingly going digital ourselves with our own content, as well as
with content that we own and publish in alliances with independent
Mr. Gelman also noted that distribution sales are relatively strong in
the holiday season to date.
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