Play Meter

UPDATE EDITION .
October 1 , 1 980
Volume 6, Number 18
Game Plan: capital transfusion coming
AES Technology Systems , Inc .,
parent company of the Game Plan
coin -op games manufacturer , has
sold certain small office machines
interest for $15 million plus royalties
on that equipment's sales, in order to
infuse working capital into the
money-losing Game Plan .
Bliss & Laughlin Industries Inc .
delivered $1 million in earnest
money to AES Technology pending
a definitive agreement by the stock-
holders of both AES and Bliss &
Danielson bill
asleep tor '80
H .R . 977 . the Danielson Bill before
Congress , which would have hiked
the jukebox fee of $8 by 12 1 /z
percent , has been postponed by
action of a House subcommittee and
the bill 's sponsor .
AMOA and state associations
strongly opposed the bill this year to
increase jukebox royalties to record "
ing artists and record manufacturers .
Many operator members drafted
letters of opposition and wrote their
congressmen.
In a reply to a New Orleans
constituent, Congresswoman Lindy
Boggs reported that a subcommittee
of the House Judiciary Committee
on May 15 " after lengthy discussion
did not report the bill (H.R . 997) to
the full committee ."
Boggs said, "Because of the
uncertainty and delay , the bill 's
sponsor, Representative Danielson ,
requested that the bill be withdrawn
from consideration . Therefore , it is
highly unlikely that there will be any
further action on the bill during the
96th Congress. "
Further developments on the
jukebox royalty bill will be reported in
PLAY METER .
Laughlin . If the agreement to sell
AEA interests were not consum-
mated . the $1 million will be convert-
ed to a subordinate term loan to
AES . according to a joint statement
from the two corporations July 25 .
The agreement would allow AES
to retire its debt and provide " signifi -
cant working capital for the Game
Plan subsidiary which has continued
to experience cash flow difficulty and
losses ," said the announcement
mailed from Game Plan in Addison ,
Illinois .
A statement to Game Plan
employees from Vice President and
General Manager Wendell McAdams
said : " We are happy to announce
that Game Plan has resolved its
financial problems and will now be
able to go forward and assume its
rightful place in the coin machine
industry . Game Plan
has not
changed ownership and will continue
operation under the same general
management team ," said McAdams .
The agreement provided for the
sale of AES document processing
and control interests to Bliss &
Laughlin but excluded sale of Game
Plan . its wholly-owned subsidiary .
Bliss & Laughlin would acquire
th e AES Technology Check Mate
equipment - a product used by
banks and industries in document
processing and control-with patents
and the AES Technology Envelope
Opener - a chemical process high -
volume opener .
Game Plan manufacturers and
markets coin -operated pinball games
and slot machines .
McAdams said it is important for
Game Plan staff to " give their best
efforts to design and manufacture
innovative . high quality products that
will improve our position in the
marketplace . This will insure that all
employees will benefit from a profit-
able . well-operated organization ."
We're overstocked with
Video Game Logic Boards .
We ha ve several TOP Money
Producing Games to
choose from.
·Logic Board only in minimum quantities of 3 or more
Full 90 day warranty -
Power Supply and Cable Assembly extra
CALL US TODAY FOR MORE DETAILS.
VENTURE hN£.1NC,
2207 S. 48th Street
Tempe, Arizona 85282
TEUX • 165025 WUI CEC PHX
For Continental U.S. except Atlzona Toll FrH 1-800-528·1 442
Arizona call collect (602) 967·5914