SOURCE: Wells-Gardner Electronics Corp.

Wells-Gardner Electronics Corp.

June 21, 2011 08:30 ET

Wells-Gardner Reports Sale of 500,000th LCD Display

CHICAGO, IL--(Marketwire - Jun 21, 2011) - Wells-Gardner Electronics Corporation (NYSE Amex: WGA) announced the sale of its 500,000th LCD (Liquid Crystal Display) to the global market place last week.

"This is a major milestone in the Company's history," said Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer. "We first started selling LCD displays in 2004 and are proud to have reached this milestone so quickly. In addition our in warranty defect rate is the lowest in the industry at 0.34%, which is 3.4 defects per 1,000 LCD displays. Our LCD displays are designed by engineering groups in both Chicago and Taiwan, who cooperate to develop the best quality products. The majority of the LCD displays Wells Gardner produces go to the global gaming industry, which is well known to have very high quality needs requiring their LCD displays to last around 5 years operating 24 hours a day for 365 days per year."

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 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.

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

  • For additional investor information, please contact
    Jim Brace
    Wells-Gardner
    (708) 290-2120

    Alan Woinski
    Gaming USA Corporation
    (201) 599-8484