Science & Technology
Science and Technology
Science and Technology
Tue, January 27, 2009
Wells-Gardner Electronics Corp.: Wells-Gardner Announces the Granting of Its First LCD Patent
CHICAGO, IL--(Marketwire - January 27, 2009) - Wells-Gardner Electronics Corporation (
"We are delighted to be granted our first LCD patent. This is a major step in our program to develop intellectual property specifically involving LCDs in gaming applications and to increase our value to stockholders as a technology company," said Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer.
"This first granted patent involves the modular LCD mechanical design that Wells-Gardner pioneered and which has become the standard of the gaming industry," noted Robert Lube, Wells-Gardner's Vice President of Engineering. "This patent has royalty income potential."
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.
