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Volume 3/ No. 6
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match 15, 1977
Allied to Re-organize Under Ch. 11
Allied Leisure Industries, the
Hialeah, Florida-based manufactur-
er of pinball machines, arcade
pieces and home video games,
announced March 4 that it had filed
a voluntary petition for reorganiza-
tion under Chapter 11 of the federal
bankruptcy laws.
The firm had disclosed in Febru-
ary that it had been losing money
and could raise no new capital.
A financial disclosure release last
month showed Allied Leisure with
negative net worth and suffering a
loss of about $2.2 million in 1976.
The company disclosed that it had
had to borrow nearly a million
dollars from Chairman of the Board
David H. Braun in order to continue
operations.
Allied Leisure Industries was
founded by Bob and David Braun
with Ronald Haliburton in 1969. In
1974 a fire consumed the company's
manufacturing facility, destroying
records as well as equipment. The
dollar loss from the plant fire was
estimated at $2 .2 million with some
$1 million lost in parts for previously
manufactured games .
The company managed to rebuild
quickly enough to come out with
Dyn-0-Mite in time for the 1975
Besides complete coverage of the
recent AMOA Business Seminar,
April's Play Meter will feature
articles by arcade expert J. W.
Sedlak, security analyst Howard
Gluck, and pinball wizard Roger
Sharpe. In keepmg w1th the season,
the theme of the issue is to be
"Arcades. " Don't miss it.
show and establish itself as one of
the first games manufactur~rs to
bring solid-state pinball to the
industry.
More recently Allied
brought out its first microprocessor
game, Thunderbolt.
An Allied spokesman has indi-
cated that significant orders for new
games have been received. The
firm is confident, he said, that it will
be able to continue operating.
Normally under Chapter 11, the
incumbent management continues
to operate the company de_claring
bankruptcy while protected against
creditor claims by the courts.
Meadows Games to Expand
Meadows Games, Inc., Sunny-
vale, Cal., is in the process of
acquiring certain assets of Fun
Games of Oakland, Cal. in what Lyla
Zinter, Marketing Director at Mea-
dows, described as a " consolida-
tion ." The move expected to be
completed in the very near future.
Meadows will make use of certain
Fun Games assets in its operation,
according to Ms. Zinter. These are
to include Take 7, Fun Games' latest
game. Meadows will also assume
customer service support for Take 7
and for all previous Fun Games
products .
Certain Fun Games employees
will join Meadows in the move. Ms.
Zinter mentioned Ken Anderson,
Joe Regan and Tony Rodriguez as
among those who will make the
move .
The "consolidation" cannot be
described as a merger, Ms. Zinter
told Play Meter. Meadows is not
taking on any of the debts or
liabilities of the Oakland company.
Play Meter attempted to contact
officials at Fun Games for comment
on the consolidation but could reach
no one for a comment before press
time .
AMOA Seminar a Success
Despite extremely inclement wea-
ther and hazardous travelling condi-
tions, close to 60 students attended
the AMOA's 5th Regional Seminar,
held March 11-12 at the Airport
Hilton Inn, Denver, Colorado .
The AMOA seminars are con-
ducted for owners and management
personnel by the University of Notre
Dame's Center for Continuing Ed-
ucation. Lecturers at this year's
meet were Dr. Gerry Sequin,
chairman of the department of
management at Notre Dame and
seminar co-ordinator; Dr. John
Malone, associate dean for graduate
study at the College of Business
Administration at NO; and security
expert William D. Mcinerney.
Dr. Sequin's presentation was
entitled " Management by Objec-
tives and Results"; Dr. Malone
talked on salesmanship; and Mr.
Mcinerney discussed various as-
pects of security.
For complete coverage of the
seminar, check the coming April
issue of Play Meter.