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Wells-Gardner Announces Filing of First Patent Application for Medical Market Involving LCDs


Wednesday, June 27, 2007

Chicago, IL-- Wells-Gardner Electronics Corporation (AMEX: WGA) announced that they had filed their first medical patent involving LCDs.

"The filing of this medical patent application is an indication of our commitment to entering the medical LCD market. It is also a continuation of our program to develop intellectual property particularly involving LCDs 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 nine in both the gaming and medical industries."

"Our medical patent application pertains to a software application that enhances LCD performance in color LCD panels such that they can be used in a high resolution monochrome environment which is extremely common in medical applications," noted Robert Lube, Wells-Gardner's Vice President of Engineering. "This means that the medical customers can purchase from Wells-Gardner an LCD for use in a high resolution monochrome environment using a color LCD panel. Color LCD panels cost about 70 percent less than monochrome LCD panels due to consumer demand. This represents a dramatic savings to the medical industry and at the same time will give our medical customers a more versatile product with a color LCD."

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 a 50/50 joint venture named Wells-Eastern Asia Displays ("WEA") to manufacture CRT video monitors in Malaysia. The Company has entered into contracts to manufacture LCD video monitors with two different suppliers in Shenzhen and Shanghai, China. The Company's wholly owned subsidiary American Gaming & Electronics, Inc. ("AGE") is a leading parts distributor to the gaming markets selling parts and services to over 700 casinos in North America with offices in Las Vegas, Nevada, Egg Harbor Township, New Jersey 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, USA at (201) 599-8484.



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