Alliance Entertainment to Present at Upcoming October Investor Conferences in Chicago and New York | national company

SUNRISE, Fla.–(BUSINESS WIRE)–October 4, 2022–

Alliance Entertainment Holding Corporation (“Alliance Entertainment”), a distributor and wholesaler of the world’s largest selection of music, movies, video games, electronics, arcade and collectibles, announced today that it will introduce at the MicroCap Rodeo Windy City Roundup conference to be held at the Swissotel in Chicago on October 12-13, 2022 and the ThinkEquity conference to be held at the Mandarin Oriental Hotel in New York City on October 26, 2022.

Alliance Entertainment management will hold one-on-one 30-minute meetings and present the company’s presentations which can be viewed live and replayed on the webcast link available on Adara Acquisition Corp’s Investor Relations website. . at www.adaraspac.com.

MicroCap Rodeo Windy City Round-Up Conference

Date: October 12 – 13, 2022

Location: Chicago

Presentation time: October 12, 2022 at 9:00 a.m. CT (7:00 a.m. PT) on TRACK 3

Format: 1×1 in person and presentations

Conference website: Click here

The ThinkEquity Conference

Date: October 26, 2022

Location: New York

Presenting time: October 26, 2022 at 10:30 a.m. ET (7:30 a.m. PT) in the South Lounge I

Format: 1×1 in person and presentations

Conference website: Click here

For more information on the MicroCap Rodeo Windy City Roundup conference, or the ThinkEquity conference or to schedule a one-on-one meeting with Alliance Entertainment management, please contact your conference representative or you can also email your request. at [email protected] or call Chris Tyson at (949) 491-8235.

On June 23, 2022, Alliance Entertainment announced that it would become publicly listed through a merger transaction with Adara Acquisition Corp. (NYSE: ADRA, ADRA.U, ADRA.WS) (“Adara”), a publicly traded special purpose acquisition company. . The transaction is expected to close in the fourth quarter of 2022, when the combined company’s common stock is expected to trade on the NYSE American under the symbol “AENT.”

About Alliance Entertainment

Alliance Entertainment is a leading distributor of music, movies and consumer electronics. We offer 485,000 unique SKUs in stock, including over 57,300 exclusive compact discs, vinyl LPs, DVDs, Blu-rays and video games. Complementing our extensive multimedia catalog, we also stock a full range of accessories, toys and related collectibles. With over thirty-five years of distribution experience, Alliance Entertainment serves customers of all sizes, offering a robust suite of services to resellers and retailers worldwide. Our efficient processing and essential selling tools significantly reduce the costs associated with administering multiple supplier relationships, while helping omnichannel retailers expand their product selection and fulfillment goals. For more information, visit www.aent.com.

About Adara Acquisition Corp.

Adara raised $115 million in February 2021 and its securities are listed on the NYSE American under the symbols “NYSE: ADRA, ADRA.U, ADRA.WS”. Adara is a blank check corporation organized for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more companies or entities. Adara is led by its CEO, Thomas Finke (former President and CEO of Barings LLC) and its Director, W. Tom Donaldson (founder of Blystone & Donaldson). Besides Messrs. Finke and Donaldson, Adara’s board also includes Frank Quintero, Dylan Glenn and Beatriz Acevedo-Greiff.

For more information, visit: www.adaraspac.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 are generally accompanied by words such as “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “should”, “would”, “plan”, “predict”, “potential”, “look”, “seek”, “future”, “outlook” and similar expressions which predict or indicate future events or trends or which are not statements of historical matters. include, but are not limited to, statements regarding estimates and forecasts of financial and performance measures, projections of market opportunities, expectations and timing related to the business of Alliance Ente rtainment, customer growth and other business milestones, the potential benefits of the proposed business combination offer (the “Proposed Transactions”) and expectations regarding the timing of the Proposed Transactions.

These statements are based on various assumptions, whether or not identified in this press release, and the current expectations of the management of Adara and Alliance Entertainment and are not predictions of actual performance. These forward-looking statements are provided for informational purposes only and are not intended to serve as, and should not be relied upon by, any investor as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond Alliance Entertainment and Adara’s control.

These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, commercial, financial, political and legal conditions; the failure of the parties to successfully or in a timely manner complete the proposed transactions, including the risk that regulatory approvals may not be obtained, may be delayed or may be subject to unanticipated conditions that could adversely affect the combined company or the expected benefits proposed transactions or that Adara or Alliance Entertainment shareholder approval is not obtained; failure to realize the anticipated benefits of the proposed transactions; risks related to the uncertainty of projected financial information regarding Alliance Entertainment; risks relating to the music, video, games and entertainment industry, including changes in entertainment delivery formats; global economic conditions; the effects of competition on Alliance Entertainment’s future business; execution network risks; expansion risks and pressure on Alliance Entertainment’s management, operational, financial and other resources; risks relating to results of operations and growth rate; the company could be harmed by the amount of redemption requests made by Adara’s public shareholders; and the factors discussed in Adara’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 under the heading “Risk Factors”, and the current report on Form 8-K filed June 23, 2022 and d Other Adara Documents Filed or to be Filed with the SEC.

No offer or solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, and there will be no sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such other jurisdiction.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221004005434/en/

CONTACT: For investor inquiries, please contact:

MZ Group

Chris Tyson/Larry Holub

(949) 491-8235

[email protected]

KEYWORD: FLORIDA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ENTERTAINMENT ONLINE RETAIL RETAIL MOVIES & CINEMA MUSIC GAMES

SOURCE: Alliance Entertainment Holding Corporation

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PUBLISHED: 04/10/2022 08:31 / DISK: 04/10/2022 08:33

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