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Alliance Distributors Holding Inc. Reports Financial Results For The Three Months And Six Months Ended December 31, 2012
Alliance Distributors Holding Inc. Reports Financial Results For The Three Months And Six Months Ended December 31, 2012.
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[{"type":"text","content":"\n\n\n\n\n\n\n\nAlliance Distributors Holding Inc. Reports Financial Results For The Three Months And Six Months Ended December 31, 2012\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nAlliance Distributors Holding Inc. Reports Financial Results For The Three Months And Six Months Ended December 31, 2012\n\nPR Newswire\n\nNEW YORK, Feb. 11, 2013\n\n\n\n\n\n\n\nNEW YORK, Feb. 11, 2013 /PRNewswire/ -- Alliance Distributors Holding Inc. (Pink Sheets: ADTR), a distributor and developer of interactive video games, today announced its financial results for the three month and six month periods ended December 31, 2012.\n\n\nNet sales for the three months ended December 31, 2012 decreased 13% to $18.1 million from $20.8 million in the three months ended December 31, 2011. Net income for the three months ended December 31, 2012 declined to $313,000 from $360,000 for the comparable period in 2011, and reflects approximately $67,000 in costs for outsourcing our warehouse operations and relocating our principal office to New York City.\n\n\nFor the six months ended December 31, 2012 net sales decreased 2% to $30.4 million from $31.1 million in the six months ended December 31, 2011. Net income for the six months ended December 31, 2012 declined to $329,000 from $406,000 for the comparable period in 2011, and reflects approximately $192,000 in costs for outsourcing our warehouse operations and relocating our principal office to New York City. \n\n\n\nJay Gelman, Chairman and Chief Executive Officer, said, \"We are gratified that we were able to maintain profitability despite Hurricane Sandy, our outsourcing and relocation costs, and continuing weakness in the overall video game industry.\"\n\n\nAbout Alliance Distributors Holding Inc. \n\n\nAlliance 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®, Pla...