Science & Technology
Science and Technology
Science and Technology
Wed, April 1, 2009
Tue, March 31, 2009
Wells-Gardner Electronics Corp.: Wells-Gardner Ships First Order of Flip Video Products
CHICAGO, IL--(Marketwire - March 31, 2009) - Wells-Gardner Electronics Corporation (
"The Company has developed Flip Video software and new LCD A/D scaler board to allow our customers to realize considerable product cost savings," said Robert Lube, Wells-Gardner's Vice President of Engineering. "When the unit is rotated 180 degrees there is an auto detection system built into the electronics along with the new software that rotates the video 180 degrees, which allows our customers to use lower cost TN LCD panels while maintaining excellent visual results. The savings to our customers could be in the range of $40 to $55 per unit and many of our other customers are considering using this technology."
"This is an example of a further step in our strategy of developing proprietary products for our customers. The company has continued to invest in research and development despite our extensive cost cutting program and this is one of our first products we are unveiling," said Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer. "We are using new technology to improve our offerings to our customers and believe our new products will be quite attractive during these turbulent times as they will be valuable to our customers due to the cost savings and high quality. We expect to increase our LCD market share as a result of this development."
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.
