At last week’s Annual Meeting of Stockholders held in Chicago, WMS Industries’ Chairman and Chief Executive Officer, Brian R. Gamache, reported to attendees that WMS is well positioned to extend its track record of profitable growth. Gamache credited WMS’ talented, creative and passionate worldwide workforce for growing the Company’s ship share and revenues and improving its operating execution and operating margin, which collectively contributed to the record fiscal 2010 financial results, adding that WMS was the only major gaming supplier to achieve revenue growth during the period.

Gamache noted that over the twelve month period ended September 30, 2010, among the four major slot suppliers, WMS’ ship share of new gaming machines shipped to customers in the U.S. and Canada averaged about 31%, up from 25% in the prior twelve month period. He added that the ship share growth coupled with ongoing international and gaming operations revenue growth during the same period drove a 9% increase in total revenues, which was, “Best in class compared to our three largest competitors.”

Forbes recently named WMS one of “America’s Best 100 Small Companies” based on a combination of financial performance measures over a 1- and 5-year period, such as revenue and earnings growth, return on equity and comparative stock performance. Following last month’s Global Gaming Exposition, the industry’s major global trade show held in Las Vegas, media outlets and industry analysts noted that WMS had established a position as the gaming equipment industry “Thought Leader” by once again demonstrating a wide array of original, innovative and industry-leading products.

Looking forward, Brian Gamache indicated, “With a broad portfolio of high-earning, player-appealing products; a long-term global growth potential driven by the opening of new jurisdictions and new markets and an improving industry replacement rate; and our continued focus on enhancing our operating execution, I firmly believe WMS is well positioned to extend its track record of profitable growth in the years ahead.” (E-12.13.10)

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