ADTR Alliance Media Holdings Inc (CE)

NEW YORK, May 3, 2012 /PRNewswire/ -- Alliance Distributors Holding Inc. (Pink Sheets: ADTR), a distributor of interactive video games and gaming products, today announced its financial results for the three and nine month periods ended March 31, 2012.

Net sales for the three months ended March 31, 2012 decreased 4% to $15.3 million from $16.0 million in the three months ended March 31, 2011.  Net income for the three months ended March 31, 2012 increased to $77,000, compared to $7,000 for the comparable period in 2011.

For the nine months ended March 31, 2012, net sales were $46.4 million, essentially flat with the comparable period in 2011.  Net income for the nine months ended March 31, 2012 increased to $483,000, compared to $277,000 for the nine months ended March 31, 2011.

Jay Gelman, Chairman and Chief Executive Officer, said, "Net income grew year over year despite a slight decline in revenue in the third quarter compared to last year's third quarter. The video game industry continues to experience double digit revenue declines in 2012.

"Our Metaversal Studio unit continues to work towards profitability by developing new games and improving on our existing offerings, including the release during the quarter of a Tattoo Kit for our popular Shave me!® app."

About Alliance Distributors Holding Inc.

Alliance Distributors Holding Inc. (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, PSP, PS2, X-Box 360, Wii, DS and GBA SP, peripherals and software titles. Alliance develops downloadable and social content video games through Metaversal Studios (www.metaversalstudios.com), which it wholly-owns.

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, continued shortages of new platform systems, 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, 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.

Certain 2011 amounts have been reclassified to conform to the 2012 presentation

SOURCE Alliance Distributors Holding Inc.