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American Gaming and Electronics Awarded License

4 January 2005

CHICAGO, Illinois – (PRESS RELEASE)-- Wells-Gardner Electronics Corporation (Amex: WGA) announced that its wholly owned subsidiary, American Gaming and Electronics, was awarded a Manufacturer/Distributor license by the Colorado Limited Gaming Control Commission. This license allows the Company to sell and market its product line of over 8,000 items in Colorado.

"We are delighted to receive this license from the State of Colorado. It will allow us to fully service each and every casino operation in Colorado," said Anthony Spier, Wells-Gardner's Chairman and Chief Executive Officer. "With this issuance, the Company now has 42 active gaming licenses."

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. 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. ("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.

AGE also sells refurbished gaming machines on a global basis as well as installs and services some brands of new gaming machines into casinos in North America.

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