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Wells-Gardner Announces Filing of a New Patent Application for Flexible LCDs
Tuesday, October 02, 2007
Wells-Gardner Electronics Corporation (AMEX: WGA) announced that they had filed a new patent for flexible LCDs for the gaming and amusement industries.
"The filing of this exciting new patent application is a continuation of our program to develop intellectual property particularly 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 brings the number of patent applications to ten."
"This patent application pertains to flexible LCDs for gaming, amusement, and kiosk applications such that the LCDs may be used in conjunction with consoles or kiosks to provide enhanced visibility and new design concepts for display capabilities," noted Robert Lube, Wells-Gardner's Vice President of Engineering. "This adds tremendously to the possible uses of LCDs beyond our two major industries."
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 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, USA at (201) 599-8484.
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