SNK terminates Neo Geo X Gold licensing, Tommo required to cease production
Not even a year after the Neo Geo X's rocky road to market, creator SNK is pulling the plug. The firm has severed ties with manufacturer / distributor Tommo, ordering it to "immediately cease any and all manufacturing, distribution, marketing and promotion and selling of the Licensed Products." Affected items include the handheld console, the SNK NeGeo X arcade stick and all applicable software. This isn't really a surprise for a system that was plagued with delays and pricing issues from the word "go," but it's sad to see nonetheless. A handful of retailers have the console marked down from its $200 price, so if you were on the fence about buying one new, now would be the time to get off of it. Or, you could always go the wooden route.
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Termination of the License Agreement between TOMMO Inc. and SNK PLAYMORE USA CORP.
IMPORTANT NOTIFICATION
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
