SOURCE: Wells-Gardner Electronics Corp.

Wells-Gardner Electronics Corp.

January 05, 2010 13:30 ET

Wells-Gardner Appoints Management Team to Direct Illinois Video Lottery Terminal Business

CHICAGO, IL--(Marketwire - January 5, 2010) - Wells-Gardner Electronics Corporation (NYSE Amex: WGA) announced that their wholly owned subsidiary, American Gaming & Electronics (AG&E), has appointed Mike Rudowicz to be Executive Vice President in charge of the VLT Division of AG&E and Mike Mazzaroli to be the Vice President of Sales of the Division reporting to Rudowicz effective January 1, 2010.

"We have recruited a very strong team to manage our VLT business," said Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer. "Mike Rudowicz is the best known executive in the amusement industry not just in Illinois but in the nation. Consequently he has long term relationships with all the operators in Illinois, who will be AG&E's VLT customers. He is the immediate past President of the AMMA, the trade association of the amusement industry, a post he held for over 10 years. Prior to that he was President of Konami USA Inc., a major manufacturer of high quality amusement and gaming machines and was Executive Vice President of a major distributor of amusement products, Wico Corporation. In addition, he spent several years as Executive Vice President of Bally's Distribution Division."

"Mike Mazzaroli has the unique background of selling gaming products for the past 8 years and selling amusement products to the industry for the prior 25 years. He also has had long term relationships with most of the operators in Illinois. Mike Mazzaroli has been promoted from Midwest Sales Manager of AG&E, a role he has had for the past 8 years. Prior to that, he was founder and President of Mazzco Corporation, a major distributor of parts to the amusement industry."

"We believe that Mike Rudowicz and Mike Mazzaroli will be the strongest management team in the VLT industry in Illinois with both extensive gaming and amusement experience. In addition, AG&E is the only company that has publically committed to be a VLT distributor in Illinois that currently has an Illinois gaming license."

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 the majority of its LCDs and CRT monitors manufactured in Mainland China. In addition, the Company's American Gaming & Electronics, Inc. subsidiary ("AG&E"), 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. AG&E also sells refurbished gaming machines on a global basis as well as installs and services some brands of gaming machines in casinos in North America.

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

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

    Alan Woinski
    Gaming USA Corporation
    (201) 599-8484