SOURCE: Wells-Gardner Electronics Corp.

October 16, 2007 14:45 ET

Wells-Gardner Announces That Its Wholly Owned Subsidiary American Gaming & Electronics Is the US Distributor of Choice for Gamesman Brand Products

CHICAGO, IL--(Marketwire - October 16, 2007) - Wells-Gardner Electronics Corporation (AMEX: WGA) announced that Coin Mechanisms International (CMI) has appointed American Gaming & Electronics (AG&E) as the US distributor of choice for the Gamesman brand products.

"This is an exciting opportunity for American Gaming & Electronics," said Tony DeFelice, American Gaming & Electronics' Vice President of Operations. "The Gamesman brand products are used by Aristocrat, Atronic, Bally, Konami and many other slot manufacturers. Gamesman brand products include components for slot machines such as standard casino buttons, technologically advanced feature buttons and reel mechanisms. This range of products now joins other CMI products such as the Coin Comparitor® and CCFL slot lighting in the market basket AG&E brings to our casino customers. This adds to a casino's motivation to consider AG&E as its best source for parts and supplies."

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

  • For additional investor information, please contact:

    Jim Brace
    Wells-Gardner
    (708) 290-2120

    Alan Woinski
    Gaming USA Corporation
    (201) 599-8484