Alliance Entertainment Holding Corporation (Nasdaq: AENT)
(“Alliance Entertainment”, “Company”), a distributor and wholesaler
of the world’s largest in stock selection of music, movies, video
games, electronics, arcades, and collectibles, today announced in
partnership with Atari® and retro home arcade company, Arcade1Up,
the launch of the Arcade1Up Atari 50th Anniversary Deluxe Arcade
Machine for the home.
Alliance Entertainment, through its COKeM
International video game division, is the leader in US distribution
of video games and related products. Using its wide range of retail
partners, COKeM will launch the over 5-foot-tall cabinet for
pre-sale online beginning September 5th at major retailers
including Best Buy, Walmart, Target, and GameStop, with delivery
expected to consumers by the official release date of October 3rd.
The arcade will also be readily available on release date at
Amazon.com, Kohls.com, Wayfair.com, Dell.com, Nebraska Furniture
Mart, Conn’s Home Plus, RC Willey as well as many other retailers
within the US.
The Deluxe Edition arcade
machine is Arcade1Up’s most authentic arcade format yet. Featuring
a streamlined style and sleek, single-cabinet design that echoes
the look of the classic arcade machine, with modern features and
technology.
The Atari 50th
Anniversary Deluxe arcade machine celebrates the
magic of Atari with (14) Atari Arcade Classics and (50) Atari 2600
games, the largest selection of game titles to be released on an
Arcade1Up Deluxe machine yet and includes classic games such as
Asteroids®, Centipede®, and Missile Command® making this
feature-packed machine one of the best ways to embrace
nostalgia. The cabinet also features a 17-inch BOE display
panel, a light-up marquee, 3D Molded Light-Up Coin Doors, light-up
buttons, and dual speakers for dynamic sound. With its wi-fi
experience, gamers will be able to connect, compete and share high
scores with others worldwide. The Atari 50th Anniversary Arcade
Machine will immerse users into the world of classic gaming with
this feature-packed cabinet. Each cabinet will include a
Certificate of Authenticity to guarantee the genuine Atari
heritage.
“We are excited to partner with Atari and
Arcade1Up to offer such a unique cabinet to the arcade gaming and
retro community,” said Ken Glaser, SVP of Sales at Alliance
Entertainment. “This is another opportunity for Alliance
Entertainment to support our retailers by offering this
one-of-a-kind arcade experience to engage with consumers in the
marketplace.”
About Atari
Atari is an interactive entertainment company
and an iconic gaming industry brand that transcends generations and
audiences. The company is globally recognized for its
multi-platform, interactive entertainment, and licensed products.
Atari owns and/or manages a portfolio of more than 200 unique games
and franchises, including world-renowned brands like Asteroids®,
Centipede®, Missile Command®, Pong®, and RollerCoaster Tycoon®.
Atari has offices in New York and Paris. For more information visit
www.Atari.com. About Tastemakers LLC |
Arcade1Up
It’s time to play again! Home entertainment
titan Tastemakers presents Arcade1Up, a line of award-winning,
innovative ¾ scale home arcade and pinball machines featuring
licensed retro games from the golden age of arcades. Arcade1Up’s
classic titles include NFL Blitz Legends, NBA JAM™: SHAQ EDITION,
Golden Tee 3D, Terminator 2, Tron™, Street Fighter™, X-Men, Mortal
Kombat®, Atari, Pong®, PAC-MAN™, Star Wars™, Marvel Super Heroes ™,
Teenage Mutant Ninja Turtles™, and more. Arcade1Up allows people to
play in the comfort of their homes, with an authentic retro arcade
experience at an accessible price. Check out Arcade1Up.com,
Facebook, Instagram, Twitter, TikTok, YouTube and the Arcade1Up
Companion App available in the App Store and Google Play.
About COKeM International
COKeM is a cutting-edge distribution company
serving the video games and accessories industry. COKeM’s
world-class 220,000 square-foot warehouse is located in Shakopee,
Minnesota. COKeM is always leveling up, providing expanded services
including full-service distribution, design & merchandising,
sales support, e-commerce and publishing across gaming. Whether you
would like to take advantage of our in-house e-commerce and
publishing across gaming. marketing team, unique partner
relationships or product end-of life management services, COKeM’s
ready to deliver customized and light-speed business solutions for
winners. For more information visit www.cokem.com.
About Alliance
Entertainment
Alliance Entertainment (NASDAQ: AENT) is a
premier distributor of music, movies, and consumer electronics. We
offer over 375,000 unique in stock SKU’s, including over 57,300
exclusive compact discs, vinyl LP records, DVDs, Blu-rays, and
video games. Complementing our vast media catalog, we also stock a
full array of related accessories, toys and collectibles. With more
than thirty-five years of distribution experience, Alliance
Entertainment serves customers of every size, providing a robust
suite of services to resellers and retailers worldwide. Our
efficient processing and essential seller tools noticeably reduce
the costs associated with administrating multiple vendor
relationships, while helping omni-channel retailers expand their
product selection and fulfillment goals. For more information,
visit www.aent.com.
Forward Looking Statements
Certain statements included in this Press
Release that are not historical facts are forward-looking
statements for purposes of the safe harbor provisions under the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such
as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,”
“intend,” “expect,” “should,” “would,” “plan,” “predict,”
“potential,” “seem,” “seek,” “future,” “outlook,” and similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. These
forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of other financial and
performance metrics and projections of market opportunity. These
statements are based on various assumptions, whether identified in
this Press Release, and on the current expectations of Alliance’s
management and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as and must not be relied on by
an investor as, a guarantee, an assurance, a prediction, or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Alliance. These forward-looking statements
are subject to a number of risks and uncertainties, including risks
relating to the anticipated growth rates and market opportunities;
changes in applicable laws or regulations; the ability of Alliance
to execute its business model, including market acceptance of its
systems and related services; Alliance’s reliance on a
concentration of suppliers for its products and services; increases
in Alliance’s costs, disruption of supply, or shortage of products
and materials; Alliance’s dependence on a concentration of
customers, and failure to add new customers or expand sales to
Alliance’s existing customers; increased Alliance inventory and
risk of obsolescence; Alliance’s significant amount of
indebtedness; Our ability to continue as a going concern absent
access to sources of liquidity; risks and failure by Alliance to
meet the covenant requirements of its revolving credit facility,
including a fixed charge coverage ratio; risks that a breach of the
revolving credit facility, including Alliance’s recent breach of
the covenant requirements, could result in the lender declaring a
default and that the full outstanding amount under the revolving
credit facility could be immediately due in full, which would have
severe adverse consequences for the Company; known or future
litigation and regulatory enforcement risks, including the
diversion of time and attention and the additional costs and
demands on Alliance’s resources; Alliance’s business being
adversely affected by increased inflation, higher interest rates
and other adverse economic, business, and/or competitive factors;
geopolitical risk and changes in applicable laws or regulations;
risk that the COVID-19 pandemic, and local, state, and federal
responses to addressing the pandemic may have an adverse effect on
our business operations, as well as our financial condition and
results of operations; substantial regulations, which are evolving,
and unfavorable changes or failure by Alliance to comply with these
regulations; product liability claims, which could harm Alliance’s
financial condition and liquidity if Alliance is not able to
successfully defend or insure against such claims; availability of
additional capital to support business growth; and the inability of
Alliance to develop and maintain effective internal controls.
For investor inquiries, please
contact:MZ GroupChris Tyson/Larry
Holub(949) 491-8235AENT@mzgroup.us
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