-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AsO2GdBoOPA1BuA0vZpv4iykgL289QZoLsBlK7VbpXbvm0B4NpO1Fr7wDG4vGp9b /eqTLx5f7Xjv0BUKHWgVnw== 0001144204-06-010192.txt : 20060316 0001144204-06-010192.hdr.sgml : 20060316 20060316122348 ACCESSION NUMBER: 0001144204-06-010192 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060313 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060316 DATE AS OF CHANGE: 20060316 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Alliance Distributors Holding Inc. CENTRAL INDEX KEY: 0001115463 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 330851302 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-32319 FILM NUMBER: 06690736 BUSINESS ADDRESS: STREET 1: 15-15 132ND STREET CITY: COLLEGE POINT STATE: NY ZIP: 11356 BUSINESS PHONE: 718-747-1500 MAIL ADDRESS: STREET 1: 15-15 132ND STREET CITY: COLLEGE POINT STATE: NY ZIP: 11356 FORMER COMPANY: FORMER CONFORMED NAME: ESSENTIAL REALITY INC DATE OF NAME CHANGE: 20020703 FORMER COMPANY: FORMER CONFORMED NAME: JPAL INC DATE OF NAME CHANGE: 20000807 8-K 1 v037853_8k.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 - -------------------------------------------------------------------------------- FORM 8-K - -------------------------------------------------------------------------------- CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported) March 13, 2006 - -------------------------------------------------------------------------------- ALLIANCE DISTRIBUTORS HOLDING INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) - -------------------------------------------------------------------------------- DELAWARE (STATE OR OTHER JURISDICTION OF INCORPORATION) 000-32319 33-0851302 (COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.) 15-15 132ND STREET, COLLEGE POINT, NEW YORK 11356 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) (718) 747-1500 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) - -------------------------------------------------------------------------------- (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT) - -------------------------------------------------------------------------------- Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On March 13, 2006, Alliance Distributors Holding Inc. issued a press release announcing its financial results for the fourth quarter and for the year ended December 31, 2005. A copy of the press release is furnished as Exhibit 99.1 to this report. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. ITEM 9.01. Financial Statements and Exhibits (d) EXHIBITS EXHIBIT NO. DESCRIPTION - ----------------------- ----------------------------------------------------- 99.1 Press release dated March 13, 2006 - ----------------------- ----------------------------------------------------- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALLIANCE DISTRIBUTORS HOLDING INC. ------------------------------------------- (Registrant) Date: March 16, 2006 /s/ Jay Gelman ------------------------------------------- Jay Gelman Chairman of the Board INDEX TO EXHIBITS EXHIBIT NO. DESCRIPTION - ----------------------- ----------------------------------------------------- 99.1 Press release dated March 13, 2006 - ----------------------- ----------------------------------------------------- EX-99.1 2 v037853_ex99-1.txt Exhibit No. 99.1 ALLIANCE DISTRIBUTORS HOLDING INC. REPORTS FOURTH QUARTER AND YEAR END 2005 FINANCIAL RESULTS Company Operated Profitably; Sales Increased 67% Over Previous Year For Immediate Release College Point, New York - March 13, 2006 - Alliance Distributors Holding Inc. (OTC Bulletin Board: ADTR), a distributor of interactive video games and gaming products, today announced financial results for the fourth quarter and for the year ended December 31, 2005. Net sales in the fourth quarter increased 48.2% to $22.0 million compared to $14.8 million in the fourth quarter of 2004. Net income was $428,985, or $0.01 per diluted share, compared to a net loss of $281,993, or $0.01 per diluted share, in the 2004 quarter. Net sales for the year ended December 31, 2005, increased 67.5% to $58.7 million, compared to $35.0 million for the same period in 2004. Net income for the year ended December 31, 2005 was $185,725, or $0.00 per diluted share, compared to a net loss of $241,749, or $0.01 per diluted share, in the 2004 period. Jay Gelman, Chairman and CEO, said, "I am pleased with the strong revenue growth and profits that we recorded for the full year and the fourth quarter. The company was also profitable in the third quarter. We are proud to have achieved these milestones in our second full year of operations." About Alliance Distributors Holding Inc. Alliance Distributors Holding Inc. (www.alliancedistributors.com), which does business as Alliance Distributors, is a full service wholesale distributor of interactive video games and gaming products for all key manufacturers and 3rd party publishers in the video game industry. Alliance Distributors offers comprehensive support on Playstation 2, PS1, PSP, X-Box, Game Cube, Nintendo DS and GameBoy systems, peripherals and software titles. Safe Harbor Certain of the above statements contained in this press release may contain forward-looking statements which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements 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 but not limited to, risks associated with technological change, competitive factors and general economic conditions. The Company has no duty and undertakes no obligation to update such statements. ALLIANCE DISTRIBUTORS HOLDING INC. Statements of Operations
Three months ended Year ended December 31, December 31, (unaudited) ---------------------------- ---------------------------- 2005 2004 2005 2004 ------------ ------------ ------------ ------------ Net sales $ 21,990,855 $ 14,836,792 $ 58,670,335 $ 35,036,991 Cost of goods sold 19,897,132 13,752,396 52,732,769 31,116,020 ------------ ------------ ------------ ------------ Gross profit 2,093,723 1,084,396 5,937,566 3,920,971 Selling, general and administrative expenses 1,568,613 1,214,959 5,307,646 3,919,071 ------------ ------------ ------------ ------------ Income (loss) from operations 525,110 (130,563) 629,920 1,900 Interest expense 181,892 148,792 521,513 229,844 ------------ ------------ ------------ ------------ Income (loss) before provision for (benefit from) income taxes 343,218 (279,355) 108,407 (227,944) Provision for (benefit from) income taxes (85,767) 2,638 (77,318) 13,805 ------------ ------------ ------------ ------------ Net income (loss) 428,985 (281,993) 185,725 (241,749) Preferred stock dividends -- 57,712 -- 164,531 ------------ ------------ ------------ ------------ Net income (loss) available to common stockholders $ 428,985 $ (339,705) $ 185,725 $ (406,280) ============ ============ ============ ============ Net income (loss) available to common stockholders per share - Basic $ .01 $ (.01) $ .00 $ (.01) ============ ============ ============ ============ Net income (loss) available to common stockholders per share - Diluted $ .01 $ (.01) $ .00 $ (.01) ============ ============ ============ ============ Weighted-average common shares outstanding-Basic 47,231,268 45,930,305 46,622,314 35,330,253 ============ ============ ============ ============ Weighted-average common shares outstanding-Diluted 47,981,694 45,930,305 47,110,005 35,330,253 ============ ============ ============ ============
Contact: David Devor Alliance Distributors Holding Inc. 718-747-1500 x 117 david@alliancedis.com -----END PRIVACY-ENHANCED MESSAGE-----