The Intellivision Amico, the retro family console that was first announced in 2018, has faced several delays thanks to the COVID-19 pandemic. First slated for 2020, then 2021, and now a bit later in 2022. However, it looks like fans are starting to lose hope that Intellivision will be able to deliver on their promise.
As reported by VGC, Amico pre-orders recently received an email from new Intellivision CEO Phil Adam, who succeeds Tommy Tallarico who stepped down earlier this year. The email notes that Intellivision is struggling to stay afloat and has taken drastic measures to continue operations and development of the Amico.
“We have significantly reduced operating costs, which unfortunately required a significant reduction in staff,” Adam wrote. “Our resources are focused on engineering and testing to ensure we have a quality system, because we cannot succeed by producing less.”
In addition to staff cuts, Intellivision is also giving away its old IP address to developers looking to release games on other platforms. Adam said this will help fund the development of the Amico.
However, after two years of delay and no release date in sight, many fans have already lost patience. “We are slowly processing refund requests,” Adam added. “Public uncertainty about our status over the past few months has naturally led to an influx of pre-order refund requests.
“Due to staff reductions and funding requirements for continued operations, our responses to and processing of these requests have been delayed. Rest assured that our intent is to honor all reimbursement requests.”
The only good news Adam presented in the email was that Intellivision has begun testing a production run of the Amico, noting how “essentially important” it is to “show our investors, partners and current/future customers that we have built a sound platform that delivers the family experience at home.”
Adam concluded with the “hope” that Amicos will begin shipping this year.
Elsewhere in the email, Adam addressed last February’s seemingly desperate attempt to avoid bankruptcy with a $5 fundraiser. The company only managed to raise $58,000, according to VGC, leading Adam to repay investors. “Without better visibility on our path to profitability, we felt this was the right decision in the short term.”
Statements released as part of this fundraising campaign confirmed that Intellivision owed $3.1 million in outstanding loans and needed $5 million to continue operations for “seven to nine months”.
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