SOURCE: Wells-Gardner Electronics Corp.

Wells-Gardner Electronics Corp.

August 11, 2011 10:30 ET

Wells-Gardner's American Gaming & Electronics Subsidiary Received an Illinois Video Gaming Terminal Distributors License

CHICAGO, IL--(Marketwire - Aug 11, 2011) - Wells-Gardner Electronics Corporation (NYSE Amex: WGA) announced that its wholly owned subsidiary American Gaming & Electronics (AGE) received a distributors license for the Video Gaming Terminal (VGT) business from the Illinois Gaming Board on Tuesday August 9, 2011.

"We are pleased to be amongst the first manufacturers and distributors to be licensed for the new Illinois VGT market by the Illinois Gaming Board," commented Anthony Spier, Wells Gardner's Chairman and Chief Executive Officer. "We are looking forward to competing in this market under the leadership of Mike Rudowicz (mrudowicz@wellsgardner.com and 708-290-2112) and Mike Mazzaroli (mmazzaroli@wellsgardner.com and 888-GET-MAZZ)."

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 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. Also the AGE subsidiary is now licensed to distribute machines into the Illinois Video Gaming Terminal (VGT) market.

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.

Contact Information

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

    Alan Woinski
    Gaming USA Corporation
    (201) 599-8484