Alliance Entertainment to Showcase 2024 Earnings Improvement, and Acquisition Opportunities at Upcoming June Virtual Investor Conferences
PLANTATION, Fla., June 05, 2024 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation (NASDAQ:AENT) ("Alliance Entertainment", "Company"), a global distributor and wholesaler specializing in music, movies, video games, electronics, arcades, toys, and collectibles, announced today it will present at the iAccess Alpha Best Ideas Summer Conference being held virtually on June 25 - 26, 2024 and the Noble Capital Virtual TMT Conference on June 27, 2024.
During the presentations, Alliance Entertainment Chairman Bruce Ogilvie and CEO/CFO Jeff Walker will discuss the Company's focus on operations, technology, margin improvement, and large-scale automation. Following a strong nine months ended March 31, 2024 performance, with period-over-period gains in gross profit, gross margin, and adjusted EBITDA. Alliance Entertainment is expanding and diversifying by adding new brands, product categories, and retail partnerships. With reduced expenses, significant debt reduction, and improved inventory management, the Company is positioned to further enhance EBITDA and inventory turns moving forward.
Messrs. Ogilvie and Walker will conduct virtual one-on-one meetings at both events.
The Company's presentations can be viewed live and via replay at the webcast links available on the Alliance Entertainment investor relations website at https://ir.aent.com/.
iAccess Alpha Best Ideas Summer Conference
Date: June 25 - 26, 2024
Location: Virtual
Attendees: Chairman Bruce Ogilvie, CEO and CFO Jeff Walker
Presentation Time: Tuesday, June 25, 2024, at 12:00 pm ET
Format: Virtual 1x1's and Presentations
Conference Website: Click here
Noble Capital Virtual TMT Conference
Date: June 27, 2024
Location: Virtual
Attendees: Chairman Bruce Ogilvie, CEO and CFO Jeff Walker
Presentation Time: Thursday, June 27, 2024, Time TBD
Format: Virtual 1x1's and Presentations
Conference Website: Click here
For more information on the iAccess Alpha Best Ideas Summer Conference, or Noble Capital Virtual TMT Conference or to schedule a one-on-one meeting with Alliance Entertainment management, please contact your conference representative or you may also email your request to [email protected] or call Chris Tyson at (949) 491-8235.
Alliance Entertainment also recently released a new corporate video that can be viewed here.
About Alliance Entertainment
Alliance Entertainment (NASDAQ:AENT) is a premier distributor of music, movies, toys, collectibles, and consumer electronics. We offer over 325,000 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 refinance our existing 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 Group
Chris Tyson/Larry Holub
(949) 491-8235
[email protected]
