ADVISORY, Nov. 5, 2009 (GLOBE NEWSWIRE) -- Image Entertainment, Inc. (Nasdaq:DISK), a leading independent licensee and distributor of entertainment programming in North America, will hold a conference call and webcast on Thursday, November 12, 2009, at 4:30 PM EASTERN TIME to review the financial results for its fiscal 2010 second quarter ended September 30, 2009, followed by a Q&A session.
Date: November 12, 2009 Time: 1:30 PM PT
Listen via Internet: www.image-entertainment.com
Toll-free: (877) 718-5092 International: (719) 325-4817
For those unable to participate in the conference call, a recording of the call will be available from 7:30 PM EASTERN on the day of the call until November 25, 2009. To access the recording, dial (888) 203-1112 and enter the passcode 6834409. International participants please dial (719) 457-0820 and use the same passcode.
Participating on the call will be Image Entertainment's Executive Management.
About Image Entertainment:
Image Entertainment, Inc. is a leading independent licensee and distributor of entertainment programming in North America, with approximately 3,200 exclusive DVD titles and approximately 340 exclusive CD titles in domestic release and approximately 400 programs internationally via sublicense agreements. For many of its titles, the Company has exclusive audio and broadcast rights and, through its subsidiary, Egami Media, Inc. has digital download rights to approximately 2,000 video programs and over 300 audio titles containing more than 5,100 individual tracks. The Company is headquartered in Chatsworth, California. For more information about Image Entertainment, Inc., please go to www.image-entertainment.com.
Forward-Looking Statements:
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to, among other things, the Company's goals, plans and projections regarding the Company's financial position, results of operations, market position, product development and business strategy. These statements may be identified by the use of words such as "will," "may," "estimate," "expect," "intend," "plan," "believe," and other terms of similar meaning in connection with any discussion of future operating or financial performance or other events or developments. All forward-looking statements are based on management's current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations.
These factors include, but are not limited to, (a) the Company's ability to continue as a going concern, (b) the Company's ability to service its principal and interest obligations on its outstanding debt or otherwise renegotiate or refinance such outstanding debt, including the potential November 2009 principal and interest payment on its convertible note, (c) the Company's limited working capital and the Company's inability to raise additional working capital on acceptable terms or at all, (d) the Company's ability to borrow against the Company's revolving line of credit, (e) the Company's ability to secure media content on acceptable terms, (f) the ability of the Company's common stock to continue trading on The NASDAQ Stock Market, (g) the performance of business partners upon whom the Company depends upon, (h) changes in the retail DVD and digital media and entertainment industries, (i) changing public and consumer taste and changes in customer spending patterns, (j) decreasing retail shelf space for the Company's industry, (k) changes in the Company's business plan, (l) heightened competition, including with respect to pricing, entry of new competitors, the development of new products by new and existing competitors, (m) changes in general economic conditions, including the performance of financial markets and interest rates, (n) difficult, adverse and volatile conditions in the global and domestic capital and credit markets, (o) claims that the Company infringed other parties' intellectual property, (p) changes in accounting standards, practices or policies, (q) adverse results or other consequences from litigation, arbitration or regulatory investigations, and (r) further sales or dilution of the Company's equity, which may adversely affect the market price of the Company's common stock.
For further details and a discussion of these and other risks and uncertainties, see "Forward-Looking Statements" and "Risk Factors" in the Company's most recent Annual Report on Form 10-K, and the Company's most recent Quarterly Reports on Form 10-Q. Many of the factors that will determine the outcome of the subject matter of this press release are beyond Image Entertainment's ability to control or predict. Actual results for the periods identified may differ materially from management's expectations. Unless otherwise required by law, the Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.