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January 4, 2012
08:49 EDTWGAWells-Gardner sees VGT business adding $5-$7M over first 4 years
Wells Gardner's wholly owned subsidiary American Gaming & Electronics, AG&E,is a distributor for the VGT business in Illinois."We anticipate that AG&E will contribute sales of between $75 and $90 million and earnings before tax of between $5.0 and $7.0 million over the first 4 years after the deployment of the first VGTs into Illinois," noted Anthony Spier, Wells Gardner's Chairman and Chief Executive Officer. "We are excited to be participating in this business."
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September 15, 2014
08:35 EDTWGAWells-Gardner Electronics sells assets of LCD business for $8M cash
Wells-Gardner Electronics announced that it has sold the assets of its LCD business to HT Precision Technologies U.S., Inc., a Delaware corporation and wholly owned subsidiary of Taiwan-based HT Precision Technologies. The assets of the LCD business, which includes the "Wells-Gardner" name, were acquired by HTP for approximately $8M in cash, subject to post-closing adjustments. Wells-Gardner Electronics Corporation expects to take a one-time charge of approximately $6.2M, consisting of asset write-offs and transaction-related expenses of a total of $4.4M, and $1.8M of non-cash charges for the write-off of AGE goodwill and the deferred tax asset. Effective upon shareholder approval, Wells-Gardner Electronics Corporation will assume the corporate name of "AG&E Holdings Inc." Management expects that its common stock will continue to trade on the NYSE MKT exchange under the ticker symbol WGA for the foreseeable future.

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