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News Breaks
September 6, 2012
08:37 EDTWGAWells-Gardner has received purchase orders for over $20M of VGTS
Wells-Gardner Electronics announced that its wholly owned subsidiary American Gaming & Electronics, or AG&E, has now received signed purchase orders for VGT units to be installed in Illinois valued at approximately $21M. The initial test sites are scheduled to take place around the middle of September. The company is expecting these units to be shipped in Q4 of 2012 and Q1 of 2013, depending on the speed of jurisdictional approvals of bars and other liquor establishments in the state.
News For WGA From The Last 14 Days
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October 24, 2014
14:32 EDTWGAWells-Gardner Electronics granted shareholder approval to change name
Wells-Gardner Electronics announced that the proposal to change the name of the company to AG&E Holdings was passed at the Special Shareholders Meeting on Friday, October 24. Effective immediately, the company will be known as AG&E Holdings and its common stock will continue to trade on the NYSE MKT Exchange under the ticker symbol WGA. The Board of Directors and management of AG&E Holdings are continuing to review strategic options with its financial advisor, Innovation Capital, with the goal of maximizing shareholder value. In addition to the company continuing on as an independent public company, a number of options are being explored, including the acquisition of a business to expand the company's parts distribution business to the gaming industry; the potentiality of being acquired by another public or private company; the potentiality of being taken private by a private equity partner; or other potential transactions that could measurably enhance shareholder value. While there can be no assurance that a transaction of any sort may occur, management and the company's Board of Directors are dedicated to seriously considering any realistic transaction that the strategic review may reveal that will accrue to the benefit of the company's loyal shareholders. Effective October 1, annual compensation for CEO Anthony Spier and the members of the company's Board of Directors has been reduced by 50% for the foreseeable future.

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