SOURCE: Wells-Gardner Electronics Corp.

February 26, 2008 08:30 ET

Wells-Gardner Announces That E-Service Division of Eurocoin Has Been Appointed Sales and Service Distributor for Europe, Middle East & Africa

CHICAGO, IL--(Marketwire - February 26, 2008) - Wells-Gardner Electronics Corporation (AMEX: WGA) announced that it has appointed E-Service, the service division of Eurocoin Ltd. of the United Kingdom, as its American Gaming & Electronics (AG&E) sales distributor and Wells-Gardner service distributor for Europe, Middle East and Africa.

"We are delighted to be partnering with Eurocoin in Europe, Middle East and Africa," said Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer. "Eurocoin is a well respected company in this very important region. Their service division, E-Service has excellent sales, service and administrative personnel and an aggressive management philosophy that is totally customer focused. They have facilities or distributors in many of the countries that they serve and have nearly every major casino in the region as a customer. We expect to increase our annual revenues by over $500,000."

"We are pleased to be working with a company of the reputation of Wells-Gardner and its subsidiary American Gaming & Electronics," said Colin Veitch, E-Service's Director. "Wells-Gardner has an excellent reputation for high quality products. They pioneered the LCD replacement kit business and this represents an excellent opportunity to mutually grow our businesses."

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, our ability to increase production at our Malaysian joint venture, 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
    (708) 290-2120

    Alan Woinski
    Gaming USA Corporation
    (201) 599-8484