TOMMO Inc responds to SNK Playmore’s Termination of License Agreement Regarding NeoGeo X Platform
Earlier this week SNK Playmore dropped a bombshell on adopters of SNK and TOMMO’s NeoGeo X console when they published a press release on their site announcing the termination of their license agreement with the longtime worldwide publisher and manufacturer of games and accessories across multiple platforms. SNK’s move is to effectively bar TOMMO Inc from selling and distributing any and all stock of NeoGeo X Gold consoles, game cards, and the NeoGeo X arcade stick.
Here is the text from SNK Playmore’s October 2nd press release.
To whom it may concern:
Please be informed that the License and Distribution Agreement between TOMMO Inc. and our company is terminated as of October 2nd, 2013.
The Licensed Products set forth in the agreement are as follows;
Terminated Licensed Products:
– NEOGEO X GOLD Limited Edition
– NEOGEO X MEGA PACK VOLUME 1
– NEOGEO X Classics Vol. 1
– NEOGEO X Classics Vol. 2
– NEOGEO X Classics Vol. 3
– NEOGEO X Classics Vol. 4
– NEOGEO X Classics Vol. 5
Upon termination of the License and Distribution Agreement, SNK has demanded that TOMMO Inc. immediately cease any and all manufacturing, distribution, marketing & promotion and selling of the Licensed Products.
In addition, SNK has demanded TOMMO immediately cease all sales of the “SNK NEOGEO X Arcade Stick” product being sold separately from the NEOGEO X GOLD Plug and Play Console, and remove the “SNK NEOGEO X Arcade Stick” product from store shelves and online retailers. In order to protect our intellectual property rights such as “NEOGEO” and “SNK”, decisive measures will be taken against all unapproved NEOGEO X products not subject to the License Agreement.
Regarding customer support for any/all of the Licensed Products, please contact the retail store / online retailer from which the product(s) were purchased.
Thank you for your understanding and cooperation,
SNK PLAYMORE USA CORPORATION
Not content to let SNK Playmore pull the rug out from under the platform just 10 months out of the gate TOMMO fired railed back against the veteran Japanese hardware and software manufacturer with a press release of their own, voicing their intent to continue selling and distributing the licensed products in the face of SNK Playmore’s termination of their licensing agreement.
Tommo, Inc., today responded to the press release that appeared on the SNK PLAYMORE USA Corp website last week. Tommo, Inc. denies that any breach of contract exists in their agreement with SNK PLAYMORE USA Corp and are continuing to support and market the popular NEOGEO X GOLD entertainment system, its accessories, and games. Due to the popularity of the system, Tommo and SNK extended the agreement earlier this year until 2016. Tommo fully expects this agreement to be honored by all parties. To date, Tommo has performed all of its obligations under its license agreement with SNK and is disappointed by SNK’s sudden and unjustified termination of the agreement. Tommo has demanded that SNK retract its press release and any attempts to terminate the license agreement.
“Tommo is still taking care of all customer service and product warranties in North America as are our master distribution partners, Success in Asia and Blaze in Europe,” said Jonathan Wan, CEO of Tommo, Inc.. “We’re continuing to sell NEOGEO X products, including the NEOGEO X GOLD System, Arcade Stick, MEGA PACK Volume 1 and Classics Volumes 1-5. The license agreement which allows Tommo to sell and market these products remains in effect.”
Tommo Inc. would like to thank the thousands of NEOGEO X fans who have shown amazing support for NEOGEO X in the last week and want them to know we will continue to support them, their NEOGEO X GOLD systems and products.
Jason Cooper, Founder of BLAZE also adds “BLAZE will continue to market and sell all the NeoGeo X Product range and fully support all end users, retailers and distributors in the territories we are responsible for”
Since its release the NeoGeo X has been met with mixed reviews from consumers. Many owners have heaped praise on the device for finally offering an affordable licensed version of the classic 16-bit powerhouse with a wide variety of the system’s best games along with the slick recreation of the legendary Neo Geo AES stick that comes packaged with the system. However, many other users were put off by the system’s less-than-stellar visuals when connected to a television, along with the slow trickle of software releases for the console.