| Business Summary | | Wells-Gardner
Electronics
Corporation
is
a
distributor
and
manufacturer
of
color
video
monitors,
video
liquid
crystal
and
plasma
displays,
coin
doors,
coin
mechanisms
and
other
related
distribution
products
for
a
wide
variety
of
markets
including,
but
not
limited
to,
gaming
machines,
coin-operated
video
games,
leisure
and
fitness,
automotive,
display,
intranet,
medical,
service
and
video
walls.
During
2000,
the
Company
formed
a
50/50
joint
venture
named
Wells-Eastern
Asia
Displays
(WEA)
to
manufacture
video
monitors
in
Malaysia.
In
addition,
the
Company
acquired
American
Gaming
&
Electronics,
Inc.
and
its
affiliates
(AGE)
in
January
2000.
AGE,
a
leading
parts
distributor
to
the
gaming
markets,
sells
parts
and
service
to
over
500
casinos
in
North
America. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Wells-Gardner
Electronics
designs,
manufactures,
assembles
and
markets
color
video
monitors,
video
displays,
coin
doors
and
coin
mechanisms
for
coin-operated
video
games,
lottery
and
gaming
terminals,
and
other
display
applications
markets.
For
the
six
months
ended
6/30/01,
net
sales
fell
13%
to
$23.4
million.
Net
loss
totalled
$2.8
million,
vs.
an
income
of
$729
thousand.
Results
reflect
lower
sales
of
the
Company's
video
monitors
and
a
$1.3
million
in
moving
related
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Anthony Spier, 57 Chairman,
Pres, CEO | $321K | Randall Wells, 49 Exec.
VP, Gen. Mang. | -- | George Toma, 33 VP-Fin.,
CFO, Treasurer, Sec. | 146K | Mark Komorowski, 35 VP
of Sales | 163K | Jeffrey Sterling, 42 VP
of Engineering | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|