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Published on 6/2/2010 in the Prospect News Distressed Debt Daily.

Midway Games reports $526,174 net loss for April; net revenues up

By Caroline Salls

Pittsburgh, June 2 - Midway Games Inc. reported a $526,174 net loss for April on $333 in net revenues, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.

In comparison, the company posted a $488,636 net loss for March on $270 in net revenues.

The company had $36.46 million in cash and cash equivalents at April 30, down from $37.08 million at the end of March.

Midway Games, based in Chicago, is a developer and publisher of interactive entertainment software for videogame systems and personal computers. The company filed for bankruptcy on Feb. 12, 2009 in the U.S. Bankruptcy Court for the District of Delaware, and its Chapter 11 case number is 09-10465.


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