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February 21, 2013
18:29 EDTCOOL, NTDOYMajesco, Nintendo extend agreement on Wii console to Feb. 20 2016
On February 15, Majesco Entertainment (COOL) company entered into the Second Amendment with Nintendo (NTDOY) of America, to the Confidential License Agreement for the Wii Console (Western Hemisphere), effective February 21, 2007, by and between Nintendo and the Company. The Second Amendment is effective on February 20 and was entered into to extend the term of the Agreement to February 20, 2016. All other terms and conditions of the Agreement, as previously disclosed, remain in full force and effect.
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September 15, 2014
16:34 EDTCOOLMajesco reports Q3 EPS (58c), consensus (42c)
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16:32 EDTCOOLMajesco retains advisor to assist in evaluating strategic alternatives
CEO Jesse Sutton said, "However, the market for casual game software for the Nintendo Wii and DS gaming systems, from which we have historically derived the majority of our revenue, remains weak and, as a result, our revenues have not been adequate to cover our operating expenses which has had a negative impact on our working capital. We are continuing to explore and implement initiatives to reduce our operating expenses, diversify our business into new categories, and evaluate possible strategic alternatives in an effort to maximize company value." The Board of Directors has retained Bond Lane Partners to act as its financial advisor to assist in evaluating strategic alternatives to maximize company value. Strategic alternatives the company may pursue may include, but are not limited to, a merger, joint venture, strategic investment, asset divestitures, or similar transactions, as well as continuing to operate the business in the ordinary course. There can be no assurance that the exploration of such strategic alternatives will result in any transaction. The company does not currently intend to disclose further development with respect to this process unless and until the Board approves a specific transaction or otherwise concludes its review of strategic alternatives.
15:12 EDTCOOLNotable companies reporting after market close
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September 12, 2014
07:19 EDTNTDOYConsoles lead video game sales up 8% in August, Bloomberg reports
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