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Alliance Distributors Holding Inc. Reports 2009 Third Quarter Financial Results.

Publication: PR Newswire
Publication Date: 02-NOV-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, Nov. 2 /PRNewswire-FirstCall/ -- Alliance Distributors Holding Inc. (Pink Sheets: ADTR), a distributor of interactive video games and gaming products, today announced its financial results for the third quarter and nine months ended September 30, 2009.

Net sales for the quarter decreased 31% to $15.4 million from $22.1 million in the third quarter of 2008. Net income was $115,000 in the third quarter of 2009, compared to $219,000 in the third quarter of 2008.

For the nine months ended September 30, 2009, net sales decreased 32% to $44.5 million, compared to $65.5 million for the same period in 2008. Net income was $329,000 for the nine months ended September 30, 2009 compared to $504,000 for the comparable period in 2008.

Jay Gelman, Chairman and Chief Executive Officer, said, "The revenue declines reflect the challenging times within our industry and the economy in general. A higher margin mix of products made the three months ended September 30, 2009 our eighth consecutive profitable quarter....

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