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To: Galirayo who wrote (23173)2/23/2007 9:29:31 AM
From: ACAN  Read Replies (1) | Respond to of 23958
 
Ray; [WGA]


WGA,Wells-Gardner Announces 5-Year Agreement to Supply Global Requirements of Aristocrat Technologies
Friday February 23, 8:30 am ET

Contract Expected to Generate in Excess of $100 Million of Revenue Over the Next 5 Years

CHICAGO, IL--(MARKET WIRE)--Feb 23, 2007 -- Wells-Gardner Electronics Corporation (AMEX:WGA - News) announced that Aristocrat Technologies Australia Pty. Ltd. has awarded the Company a 5-year agreement of supply through March 31, 2012 to be the supplier of LCDs and CRT monitors for their global gaming needs. This is a follow on supply agreement to our previous agreement with Aristocrat.
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"We are delighted to have won this important contract," said Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer. "Aristocrat is one of the two largest gaming manufacturers in the world and has significant market shares in the United States, Macau and Australia. Wells will be supplying their needs in all of those markets as well as the other markets they participate in, including Europe, South Africa, Japan and the rest of Asia and New Zealand among others. We anticipate that the revenue value of this contract is over $100 million over its life."

"This contract is a third-party endorsement of the quality of both our products and our customer service philosophy," said Marty Glazman, Wells-Gardner's Executive Vice President "Aristocrat conducted a very professional quoting process in evaluating Wells-Gardner compared to numerous competitors. The process took about nine months and we are very proud to have won this agreement of supply. We will be negotiating the contract details and expect to have it signed and executed by the end of April 2007. We have been Aristocrat's major supplier of video display products since 2000."