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March 2022 Retro Gaming Article


March 2, 2022 Retro Gaming Blog Post:

As Intellivision searches for investors to shore up the Amico release, news & updates come to a standstill

Intellivision Amico missed the February update
Maybe they can salvage the release of the Amico, but I'm going to be wary about paying the balance due.
The end of February was tagged as the next update from the Intellivision folks regarding their floundering Amico console release. We hoped for a release date, but February slipped away with no update. Today we got the email below about additional investors, new deals and a quiet period during negotiations. OK. Thanks for the update, but it did not inspire hope or security for this project's release. We still know nothing about a potential release of the Amico. Better than nothing, but lets not forget many of us signed up for this deal in March 2020.

Today's Intellivision Amico update email:
Business Update
I wanted to take a moment to provide an update and also extend my apologies. As you know it was my goal to communicate with you by the end of February however, over the last few weeks we started discussions with potential investors/acquirers outside of the StartEngine universe. As we continue to work with them on a deal structure and terms, it has been agreed that we maintain a "quiet period" while negotiating. The magnitude of this type of deal will invariably have an influence on our path forward but are excited about the potential of a new groups' involvement with Intellivision and will update you as soon as we are able.

Thank you for your continued support and patience.
Phil Adam
CEO Intellivision
On March 31, 2020 (about two years ago) I placed an order for an Intellivision Amico with the hope it would be released that Fall. It was not. However, a concern of mine is how these orders were positioned. We all put down $100 to reserve one of the initial units. We were put at the front of the line and wouldn't have to wait for units to arrive on store shelves. It was an exciting time as we discovered more and more about this new Intellivision console. A modern console for family gaming.

Intellivision Amico confirmation screen I hope I can find an actual invoice, but here's what scares me a bit at this point. I can stand to lose $100 if this deal fails. However, what if Tommy says things are great and then ask for the remaining funds. I believe it's another $200 to have the console shipped.

How comfortable will I be at that point sending in more money? To be honest, I bought the eight pre-sale games with the RFID cards and all that. It looks cool and I bought them thinking the console would be shipping imminently. No such luck. Am I really going to want to send in the balance of the Amico bill without a rock-solid guarantee that the consoles are actually shipping?

It seems as though we have another waiting period in which the ill-informed masses will assault social media with worthless predictions. Already folks are saying Intellivision will be bought out and the Amico games farmed out to any and all existing platforms, leaving the Amico unreleased. Others think they will make only enough consoles to satisfy pre-orders, then declare bankruptcy. It astounds me how people come up with this stuff and put it out there as if it makes them look smart. Please shut up and wait for the actual outcome.

Intellivision Amico

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