NEW YORK, Aug 13, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Atari, Inc. (OTC Pink Sheets:
ATAR), an interactive entertainment company, announced today results for its
first quarter of fiscal 2009 and has filed its Quarterly Report on Form 10-Q
for the quarter ended June 30, 2008.
Net revenue for the quarter ended June 30, 2008, was $40.3 million versus
$10.4 million in the comparable year-earlier period. Publishing net revenue
was $36.7 million, versus $9.7 million in the prior year period, while
distribution revenue was $3.6 million, versus $0.7 million in the comparable
year-earlier period.
Net income for the first quarter ended June 30, 2008 was $3.5 million, or
$0.26 income per share, compared to net loss of $11.9 million, or $0.89 loss
per share, in the year-earlier period.
Atari will not be holding a conference call for the first quarter ended
June 30, 2008. Financial statements and accompanying footnotes are contained
in the Quarterly Report on Form 10-Q and can be obtained on-line at
http://www.atari.com.
About Atari, Inc.
New York-based Atari, Inc. (OTC Pink Sheets: ATAR) publishes and
distributes interactive entertainment software in the U.S. The 1,000+ titles
that are published and distributed by the Company include hard-core, genre-
defining franchises such as Test Drive(R); and mass-market and children's
franchises such as Dragon Ball Z(R). Atari, Inc. is a majority-owned
subsidiary of France-based Infogrames Entertainment SA (Euronext - ISIN: FR-
0010478248), an interactive games publisher in Europe. For more information,
visit http://www.atari.com.
Safe Harbor Statement
With the exception of the historical information contained in this
release, the matters described herein contain certain "forward-looking
statements" that are made pursuant to the Safe Harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
in this release are not promises or guarantees and are subject to risks and
uncertainties that could cause actual occurrences to differ materially from
those anticipated. These statements are based on management's current
expectations and assumptions and are naturally subject to uncertainty and
changes in circumstances. We caution you not to place undue reliance upon any
such forward-looking statements. The Company undertakes no duty to update any
forward-looking statements to conform the statement to actual results or
changes in the Company's expectations.
SOURCE Atari, Inc.
http://www.atari.com