-----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, BeN4oUvsDpvRskF047wJHZmXf42EC1vxTM3mi5DFU2cKCUNmw0E3USS6NF82cGcg 04SwxaINXBMzSg9e/zgPUQ== 0001144204-06-032328.txt : 20060811 0001144204-06-032328.hdr.sgml : 20060811 20060811121624 ACCESSION NUMBER: 0001144204-06-032328 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060811 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060811 DATE AS OF CHANGE: 20060811 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: 061023746 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 v049771_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) August 11, 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 August 11, 2006, Alliance Distributors Holding Inc. issued a press release announcing its financial results for the three and six months ended June 30, 2006. 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 (A) EXHIBITS - --------------------------------------------------------------------------- Exhibit No. Description - --------------------------------------------------------------------------- 99.1 Press release dated August 11, 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: August 11, 2006 /s/ Jay Gelman -------------------------------------------- Jay Gelman Chairman of the Board INDEX TO EXHIBITS - --------------------------------------------------------------------------- Exhibit No. Description - --------------------------------------------------------------------------- 99.1 Press release dated August 11, 2006 - --------------------------------------------------------------------------- EX-99.1 2 v049771_ex99-1.txt Exhibit No. 99.1 ALLIANCE DISTRIBUTORS HOLDING INC. REPORTS SECOND QUARTER 2006 FINANCIAL RESULTS Year-to-Date Sales Increased 15.0% Over Previous Year For Immediate Release College Point, New York - August 11, 2006 - Alliance Distributors Holding Inc. (OTC Bulletin Board: ADTR), a distributor of interactive video games and gaming products, announced its financial results for the second quarter of 2006. Net sales for the quarter increased 8.5% to $13.3 million compared to $12.2 million in the second quarter of 2005. Net income was $73,095, or $0.00 per share, compared to a net loss of $335,803, or $0.01 per share, in the 2005 period. Approximately $109,000 of net income reflects insurance proceeds for assets in excess of the book value of these assets. For the six months ended June 30, 2006, net sales increased 15.0% to $26.6 million, compared to $23.1 million for the same period in 2005. Net loss was $20,490, or $0.00 per share, compared to a net loss of $465,481, or $0.01 per share, in the 2005 period. The net loss for the 2006 period reflects a $257,000 charge in the first quarter for transaction costs of a proposed acquisition that was not consummated, and approximately $109,000 of net income for the insurance proceeds referred to in the preceding paragraph. Jay Gelman, Chairman and CEO, said, "It is an exciting time for the Company. We are relocating our offices, wholesale showroom, and warehouse to 1160 Commerce Ave in the Bronx. The new facility gives us almost 10,000 additional square feet of operating space, and allows us to be more efficient in selling to and servicing our growing customer base. We also expect to open a new Florida branch operation this month." For additional information see the Company's SEC Report on Form 10-Q for the period ended June 30, 2006. 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 (Unaudited)
Three months ended June 30, Six months ended June 30, --------------------------- --------------------------- 2006 2005 2006 2005 ------------ ------------ ------------ ------------ Net sales $ 13,268,597 $ 12,224,803 $ 26,587,196 $ 23,113,638 Cost of goods sold 11,617,158 11,154,292 23,376,846 20,800,790 ------------ ------------ ------------ ------------ Gross profit 1,651,439 1,070,511 3,210,350 2,312,848 Operating expenses: Selling, general and administrative expenses 1,445,957 1,274,402 2,721,150 2,551,804 Terminated transaction costs -- -- 257,457 -- Other income (108,772) -- (108,772) -- ------------ ------------ ------------ ------------ Total operating expenses 1,337,185 1,274,402 2,869,835 2,551,804 ------------ ------------ ------------ ------------ Income (loss) from operations 314,254 (203,891) 340,515 (238,956) Interest expense 185,816 126,809 373,873 220,422 ------------ ------------ ------------ ------------ Income (loss) before provision for (benefit from) income taxes 128,438 (330,700) (33,358) (459,378) Provision for (benefit from) income taxes 55,343 5,103 (12,868) 6,103 ------------ ------------ ------------ ------------ Net income (loss) $ 73,095 $ (335,803) $ (20,490) $ (465,481) ------------ ------------ ------------ ------------ Net income (loss) per share - basic $ .00 $ (.01) $ .00 $ (.01) ============ ============ ============ ============ Net income (loss) per share - diluted $ .00 $ (.01) $ .00 $ (.01) ============ ============ ============ ============ Weighted-average common shares outstanding - basic 48,721,065 46,417,098 48,444,632 46,417,098 ============ ============ ============ ============ Weighted-average common shares outstanding - diluted 50,771,727 46,417,098 48,444,632 46,417,098 ============ ============ ============ ============
Contact: Alliance Distributors Holding Inc. Steve Gelman - VP of Marketing and Communications 718-747-1500 x 133 steve@alliancedis.com -----END PRIVACY-ENHANCED MESSAGE-----