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Second Quarter and First Half 2011 Earnings Reported by Wells-Gardner Electronics Corp. (WGA)

|Includes: AG&E Holdings, Inc. (WGA)

Wells-Gardner Electronics Corp. is a distributor and manufacturer of color video monitors and other related products for a variety of markets including gaming machine manufacturers, casinos, coin-operated video game manufacturers and other display integrators. The company’s subsidiary, American Gaming & Electronics, is a leading parts distributor to gaming markets, with over 700 casinos as customers.

The company today announced second quarter and first half 2011 financial numbers for the period ended June 30, 2011. Wells-Gardner reported net earnings for the second quarter were $600,000, or $0.05 per share, a 36% increase over the $441,000, or $0.04 per share, reported in the same period last year. Second quarter 2011 sales were $13.2 million, a decrease of 14.5% from last year’s $15.4 million.

Wells-Gardner also reported that for the six months ended June 30, 2011 net earnings were $360,000, or $0.03 per share, compared to $546,000, or $0.05 per share, in the prior year six months. Sales for the first half of 2011 were $24 million, a decrease of 11.2% compared to $27 million in the same period one year ago.

The company’s chairman and CEO, Anthony Spier, commented on the earnings: “Our earnings performance in the second quarter came in above expectations as we operate in a difficult but increasingly promising slot machine manufacturing environment.”

For more information on Wells-Gardner, please visit its website at

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