SOURCE: Wells-Gardner Electronics Corp.

Wells-Gardner Electronics Corp.

April 19, 2010 13:00 ET

Wells-Gardner Announces Appointment of David Silk to Be Senior Vice President of Business Development and Engineering

Wally Sa'd Is Promoted to Senior Vice President of Global Sales

CHICAGO, IL--(Marketwire - April 19, 2010) -  Wells-Gardner Electronics Corporation (NYSE Amex: WGA) announced the appointment of S. David Silk as Senior Vice President of Business Development and Engineering and the promotion of Wally Sa'd to Senior Vice President of Global Sales effective today.

Dave has been with Motorola for the last 19 years in various engineering, business development, and strategy capacities. He has a BSEE from Iowa State, a MSEE from the University of Illinois at Chicago, and an Executive MBA from the Kellogg School of Management, Northwestern University.

"We are delighted to have been able to attract an executive of Dave's caliber to direct Wells-Gardner's business development and engineering teams," said Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer. "Dave will lead the charge for the future growth for technology and business initiatives."

"We also are delighted to reward Wally Sa'd for his excellent direction of the Company's sales effort. Bob Lube, our Vice President of Engineering, will remain with the Company reporting to Dave."

Founded in 1925, Wells-Gardner Electronics Corporation is a distributor and manufacturer of color video monitors and other related distribution products for a variety of markets including, but not limited to, gaming machine manufacturers, casinos, coin-operated video game manufacturers and other display integrators. The Company has most of its LCDs monitors manufactured in Mainland China. In addition, the Company's American Gaming & Electronics, Inc. subsidiary ("AGE"), a leading parts distributor to the gaming markets, sells parts and services to over 700 casinos in North America with offices in Las Vegas, Nevada, Hammonton, New Jersey, Miami, Florida and McCook, Illinois. AGE is planning to enter in 2010 the Illinois Video Lottery market as a distributor. AGE also sells refurbished gaming machines on a global basis.

This press release contains forward-looking statements within the meaning of the federal securities laws. Those statements include statements regarding the intent, belief or expectations of the Company and its management. Readers are cautioned that the forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and that actual results could differ materially from those expressed in any forward-looking statement. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, development of competing technologies, availability of adequate credit, interruption or loss of supply from key suppliers, increased competition, the regulatory process and regulatory and legislative changes affecting the gaming industry. Wells-Gardner assumes no obligation to update the information contained in this release to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. For additional investor information, please contact Jim Brace - Wells-Gardner at (708) 290-2120 or Alan Woinski - Gaming USA Corporation at (201) 599-8484.

Contact Information

  • Jim Brace
    Wells-Gardner
    (708) 290-2120

    Alan Woinski
    Gaming USA Corporation
    (201) 599-8484