SOURCE: Wells-Gardner Electronics Corp.

Wells-Gardner Electronics Corp.

September 09, 2009 14:44 ET

Wells-Gardner Announces It Has Developed the Only 3D Product With True 2D Capabilities

The Company Has Received Purchase Orders for Samples From Two Major Gaming Manufacturers

CHICAGO, IL--(Marketwire - September 9, 2009) - Wells-Gardner Electronics Corporation (NYSE Amex: WGA) announced that the Company has developed with Dimension Technology Inc. (DTI) of Rochester, NY and its affiliates a superior 3D product developed specifically for the gaming industry.

"We are very excited about our 3D product," said Robert Lube, Wells-Gardner's Vice President of Engineering. "Our 3D technology has been designed specifically for the gaming market and incorporates a patented 2D/3D switch, which allows perfect 2D video, which eliminates eye strain normally associated with 3D products. Graphic design possibilities are endless in the game play, bonus and game attract mode."

"We have already received purchase orders for samples from two of the major gaming manufacturers and are receiving a great deal of interest from other gaming manufacturers," said Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer. "Because this 3D technology can be used with perfect 2D viewing, it has the potential of considerable sales to the gaming industry. This is a dramatic step in our strategy of developing proprietary products for our customers."

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 ("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, Egg Harbor Township, New Jersey, Miami, Florida and McCook, Illinois. AGE 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