Alliance Entertainment Regains Compliance with Nasdaq Listing Rule Following the Filing of its Fiscal Year 2023 Form 10-K with SEC

PLANTATION, Fla., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Alliance Entertainment Holding Corporation AENT ("Alliance Entertainment", "Company"), a distributor and wholesaler of the world's largest in stock selection of music, movies, video games, electronics, arcades, toys and collectibles, announced today that it received a written notice (the "Notice") on October 30, 2023 from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") indicating the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) (the "Rule") by filing its annual report on Form 10-K for the year ended June 30, 2023 (the "the Annual Report") on October 19, 2023 with the Securities and Exchange Commission (the "SEC").

Nasdaq Listing Qualifications Department staff have determined that the Company now complies with the Rule.

About Alliance Entertainment

Alliance Entertainment AENT is a premier distributor of music, movies, toys, collectibles, and consumer electronics. We offer over 375,000 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.

For investor inquiries, please contact:
MZ Group
Chris Tyson/Larry Holub
(949) 491-8235
AENT@mzgroup.us