WELLS-GARDNER ANNOUNCES DISTRIBUTION AGREEMENT BETWEEN FUTURELOGIC AND AMERICAN GAMING & ELECTRONICS
November 12 2013 - 7:00AM
Chicago,
Illinois, November 12, 2013 ---- Wells-Gardner Electronics
Corporation (NYSE MKT: WGA) announced today that its
wholly owned subsidiary, American Gaming & Electronics
(AG&E) and FutureLogic, Inc, the leading developer of
innovative ticket printing and couponing solutions to gaming
technology providers and operators around the world, have entered
into a Sales Representative and Distribution Agreement through
December 31, 2015. AG&E will be the exclusive distributor for
FutureLogic gaming printer products in the upper Midwestern states,
including Illinois, Indiana, Iowa, Wisconsin, Minnesota and
Michigan. AG&E will also be a non-exclusive distributor in 14
states, including California, Nevada and Arizona.
"This distribution agreement with
FutureLogic is a very exciting opportunity for AG&E," said
Anthony Spier, Chairman and Chief Executive Officer of
Wells-Gardner. "FutureLogic is the undisputed leader in the gaming
printer business and has been for a very long time. The innovation
and quality of their products are a great fit for the catalog of
products that AG&E supplies to the gaming industry nationwide.
With a large installed base of customers, FutureLogic's recognition
of AG&E as the right partner to represent their market leading
products strongly endorses our position as a leading parts provider
to the gaming industry. We look forward to a long and mutually
beneficial collaboration.
"We are pleased to have AG&E
as one of our major distributors," said Nick Micalizzi,
FutureLogic's Vice President Sales and Marketing, North America.
"They have an outstanding reputation in the industry in providing
superior sales and service support. That was vitally important to
us in entering into this agreement. We have a leading position in
our industry and we believe that AG&E and Wells-Gardner will
help us to not only maintain this position, but to build on
it."
Mr. Spier concluded, "The impetus
leading to the finalization of this agreement occurred at the
recent Global Gaming Expo (G2E). We expect there will be other
partnering opportunities that develop from our participation in
this year's show."
About
FutureLogic, Inc.
FutureLogic is the leading developer of innovative ticket printing
and couponing solutions to gaming technology providers and
operators around the world. As the premier supplier of super-robust
thermal ticket printers to the global gaming industry, FutureLogic
has shipped more than 1.5 million printers for casino gaming, video
lottery, AWP, LPM, SWP and kiosk applications worldwide.
Headquartered in Glendale, CA and with offices across North and
South America, Europe, Asia and Australia, FutureLogic's sales and
engineering teams are ready to provide direct support and local
knowledge for manufacturers and operators around the world. For
more information or to contact us, please visit
futurelogic-inc.com.
About
Wells-Gardner
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. The Company has an installed base of over
750,000 LCDs. 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, Hammonton, New
Jersey, Miami, Florida and McCook, Illinois. AGE is a distributor
of Video Lottery Terminals (VLTs) in Illinois.
Safe
Harbor
This press release contains
forward-looking statements within the meaning of the federal
securities laws. The Private Securities Litigation Reform Act
of 1995 provides a safe harbor for such forward-looking
statements. The words believe, expect, anticipate, estimate,
will, and other similar statements of expectation identify
forward-looking statements. 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 Joe Diaz of
Lytham Partners at (602) 889-9700.
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information contained therein.
Source: Wells-Gardner Electronics Corporation via Thomson Reuters
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