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WELLS-GARDNER COMMENTS ON RECENT STOCK INCREASE

 WELLS-GARDNER COMMENTS ON RECENT STOCK INCREASE
 CHICAGO, Jan. 8 /PRNewswire/ -- Frank J. Myers, chief executive


officer of Wells-Gardner Electronics Corporation (AMEX: WGA), today stated from Las Vegas where he is keynoting the 1992 International Winter Consumer Electronics Show, that management is not aware of any developments within the company that would account for the stock's recent price gain. The stock, which closed at 2 1/8 on Friday, Jan. 3, hit 4 3/8 during active trading today.
 "We do know that some companies involved in the growing state video lottery industry have recently received significant media coverage. Wells-Gardner remains 'cautiously optimistic' about its potential role as a dominant monitor supplier to this emerging industry.
 "There is nothing about our fourth quarter, ended Dec. 31, 1991, to be reported in several weeks which would account for this level of buying," Myers stated.
 "Regarding our outlook for 1992, while we remain encouraged about our prospects, it is far too early in the year for us to comment beyond that in view of the general economic condition facing this country," Myers concluded.
 Wells-Gardner Electronics Corporation is a video products company. It designs and manufactures color and monochrome video monitors for sale to the business, industrial and computer markets. It has a customer base that is growing both domestically and internationally.
 -0- 1/8/92
 /CONTACT: Rick Conquest of Wells-Gardner Electronics Corporation, 312-252-8220/
 (WGA) CO: Wells-Gardner Electronics Corporation ST: Illinois IN: CPR SU:


SM -- DE028 -- 7959 01/08/92 16:53 EST
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Publication:PR Newswire
Date:Jan 8, 1992
Words:249
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