Our LCD sales'
margins
have been impacted by a drop in component prices which depressed
margins as we work off our initial
inventory as well as an initial low margin
high volume contract we accepted to enter the LCD market
. Tuesday, June 7, 2005
Where: On the casino floor outside the MGM Grand Hotel and Casino
's
Centrifuge Lounge, located between the Poker Room, the Race and
Sports
Book, and Studio 54.
gambling demonstration
First quarter results were impacted by certain
non-recurring items including
the separation and consulting agreement of a
former officer, low margins pertaining to initial LCD
sales along with a write
down of some inventory subject to technological obsolescence. 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.
trains cash
The
growth in sales is expected to come from an increase in
shipments to our major
gaming customers for both the traditional CRT monitors and the new LCDs.
Management
expects sales to be robust in 2005 fueled primarily by the
transition from CRT monitors to LCDs in
the gaming industry and expects 2005
sales of between $57 million and $59 million compared to $51
. Part of this competitive
environment is due to delays in the start up of new gaming markets, such
as
Pennsylvania and a cautious environment regarding new gaming compacts for the
California tribes
.09) $0.
Contact: Laura Olson 7230 Amigo Street
Aristocrat Technologies
, Inc.gaming casino
Growth in sales
was impacted by approximately $1 million in sales to a major gaming customer
being delayed into the 2nd quarter 2005 due to the customer changing one of
its manufacturing
locations.
Aristocrat's sophisticated new Agassi video slot games feature dual
monitors and other cutting-edge features like four themed bonus
games and
a standalone two-level progressive.Sites devoted to casino gambling equipment.
supplying casino
A copy of Wells-Gardner
's Annual Report and Quarterly Report can be
obtained without charge by request to James Winikates
, Wells-Gardner
Electronics Corporation, 9500 West 55th Street, Suite A, McCook, Illinois
60525
-3605.
About Aristocrat Technologies, Inc.poker atms
Outlook
The Company expects a
rebound in the 2nd quarter with sales rising
considerably from both the 1st quarter and the strong
4th quarter of 2004. We have also seen a much more competitive environment in
recent weeks, adding
to pressure on margins. However with the international market growth in video
products for Russia
, Italy, Spain and Macau, it should be evident that there
is plenty of growth in the slot machine
market worldwide.Tennis Sensation and Philanthropist Andre Agassi and Aristocrat Technologies Invite
Media to a Press Conference Ribbon-Cutting Ceremony for Launch of New Agas
m.gambling casino
CHICAGO, Wells-Gardner
Electronics
Corporation (Amex: WGA) announced sales for the first quarter ending March 31,
2005
were $13.
However, the Company is taking steps to increase margins on LCDs for the
future," said
Anthony Spier, Wells-Gardner's Chairman and Chief Executive
Officer. AGE also sells refurbished gaming
machines on a global basis as well
as installs and services some brands of new gaming machines in
casinos in
North America. 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. LAS VEGAS,
What: Legendary tennis player and philanthropist
Andre Agassi, the
inspiration for Aristocrat's new Agassi-themed video slots, will
launch the game on Tuesday, June 7 with a press conference and
ribbon-cutting
ceremony in conjunction with the game's debut at the
MGM Grand Hotel and Casino in
Las Vegas.poker slots
04
Diluted net earnings per common share (0.
Interviews: Andre
Agassi and Aristocrat's President Gavin Isaacs will be
available for short on-camera
and one-on-one interviews
immediately following the press conference.advances cashing
cash vendors
This
press release contains forward-looking statements within the meaning
of the federal securities laws
. To indicate your
interest in an interview please call Laura Olson at
702-270-1475 (office) or 702-249-5445 (mobile) by 4 p.demonstration gambling
09) per share compared to net earnings
of $260,000 or $0. "The learning curve we have mentioned is just that."
Spier continued, "The
Company is preparing for this growth while taking
steps to operate more efficiently.supplying buys
04
per share
in the same period in the prior year.poker cashing
04
Weighted average common shares outstanding 8
,606,632 6,945,154
Weighted average common + common
equivalent shares outstanding
8,802,264 7,108,186
Share data for the first quarter of 2004 has
been adjusted to reflect the
5% stock dividend declared on February 8, 2005 and paid to shareholders
of
record as of March 18, 2005.
When: 3:45-4 p.supplying demonstration
Management is planning to move the LCD
manufacturing facility to Mainland China or Malaysia from Taiwan by the end of
2005 to improve
the margin situation. Las Vegas, NV 89119
Phone 702 270 1475 lolson@aristocrat
-inc.supplying trains
As a result of this joint venture, Aristocrat Technologies and
Andre Agassi will provide a financial donation to the Andre Agassi
Charitable Foundation
, which was created to provide educational
opportunities for at-risk children.com.placed aristocrat
4 percent
over sales of
$12.7 million for the first quarter 2004. During 2000, the Company formed a 50/50 joint
venture named Wells-Eastern Asia Displays ("WEA") to manufacture video
monitors in Malaysia.slot atms
("AGE"), a leading parts distributor to the gaming markets,
which sells parts and services to over
700 casinos in North America with
offices in Las Vegas, Nevada, Egg Harbor Township, New Jersey and
McCook,
Illinois.
com
Fax 702 270 1585
poker slot
"
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.m.machine fromm
Wells
-Gardner Announces First Quarter Results
aristocratgaming.refurbished machine
Those statements include statements regarding
the intent, belief or expectations of the Company and its management. Interview requests will be
evaluated and you
will be notified on Monday, June 6 of the interview schedule.refurbished slots
First
quarter 2005 net loss was
($815,000) or ($0. The shipments
pertaining to this low margin contract
should be finished by the end of the
second quarter. In addition, the Company acquired American Gaming
+
Electronics, Inc., a subsidiary of global
gaming company Aristocrat Leisure Limited (ASX: ALL
), designs and markets
gaming machines, casino management systems, progressive systems, and
progressive
jackpot meters.slot dealers
5 million in
2004. 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, our
ability to increase production at our Malaysian joint venture, increased
competition
, the regulatory process and regulatory and legislative changes
affecting the gaming industry.09)
0. PDT
Friday, June 3.demonstration dealers
1 million, an increase of 3.
"First quarter
results were impacted by certain non-recurring items.
Consolidated Condensed Statements of
Operations
First Quarter Ended March 31,
2005 2004
Sales
$13,173,000 $12,745,000
Cost of sales
11,472,000 10,325,000
Engineering, selling + administrative 2,499,000
2,087,000
Operating earnings (798,000) 333,000
Other
(income) expense, net (8,000) 61,000
Income tax
25,000 12,000
Net earnings
($815,000) $260,000
Per share data:
Basic net earnings per share
($0.slot aristocrat
First quarter results were generally in line with the Company's
preannouncement
on March 30th. For additional investor information, please contact Alan Woinski -
Gaming Venture
Corp.
Las Vegas-based Aristocrat Technologies, Inc. For more information, please contact Laura
Olson
at 702-270-1475, or visit the Company's website at
http://www.dealers aristocrat
, USA at (201) 599-8484.dealers randy
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