This is the US version of Karate Blazers, an arcade fighting game. This version may differ slightly from the Japanese release and possibly versions released elsewhere.  The changes might involve graphical alterations, balancing tweaks for the gameplay or even localization of the title or some menu options for a US audience.  Further information regarding the specific developer and a detailed release date would be required for a full history of this particular release.

Karate Blazers (US)

Kangaroo (Atari)