Aces Wired Resolves Amusement With Prize Cases

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Mon Aug 17, 2009 3:25pm EDT

State Charges Dismissed For More Than Two-Dozen Employees





DALLAS, Aug. 17 /PRNewswire-FirstCall/ -- Aces Wired, Inc. (the Company - OTC
Bulletin Board: AWIR) resolved its legal battle with state authorities over
its "Amusement With Prize" business system.  A plea agreement covering company
directors, officers, and employees dismisses all criminal cases brought
against more than two-dozen employees across the state as well as parent
company Aces Wired in three Texas counties.

The cases stemmed from a gambling investigation by the Texas Attorney
General's office and raids conducted in May 2008 at amusement centers located
in Corpus Christi, Fort Worth, and San Antonio.

Aces Wired contended that its electronic game technology was legal because it
rewarded players with prize points that could only be redeemed for noncash
merchandise.

In Nueces County, all cases were dismissed against the following three
officers of Aces Wired: Ken Griffith, President & CEO; Knowles Cornwell,
Executive Vice President & COO; and Jeremy Tyra, Vice President. Each of the
three officers agreed to enter a guilty plea for one Class A misdemeanor
offense of Hindering Apprehension in state district court in Tarrant County. 
They agreed to pay a fine of $4000, with adjudication to be deferred for a
two-year period.  Gordon Graves, the Chairman of the Board of Aces Wired,
agreed to enter a plea of guilty to one third degree felony of Tampering with
Evidence in Nueces and Tarrant County with adjudication to be deferred for a
two-year period and agreed to pay a $10,000 fine in each county.  All other
charges filed by the government against the four executives were dismissed
under the terms of the agreement.

After entering his plea in Nueces County, Mr. Graves stated, "We believed that
the Amusement With Prize electronic system was designed to comply with the
spirit and letter of Texas' gaming laws.  The Attorney General and state
prosecutors felt differently. Thus, just as the captain of a ship is
responsible for the actions of its crew, I accept responsibility and want to
protect employees who innocently conducted business on behalf of the company. 
My plea puts the threat of criminal prosecution to rest for them and lifts a
heavy emotional burden off their families."

Three of the company's subsidiaries which operated the amusement game centers,
agreed to enter a plea of guilty to one state jail felony count for promoting
gambling and to one Class A misdemeanor count of possession of a gambling
device in Nueces, Bexar, and Tarrant Counties.  The subsidiaries will pay a
$10,000 fine for the state jail charge and a $4,000 fine for the misdemeanor
count in each county and will also forfeit all property seized by the
government in each county.

The government agreed that the four company executives' adjudication would be
deferred for a two-year period. Upon satisfactory completion of the terms of
the plea agreement all charges will be dismissed and there will be no
conviction. The company and its four executives agreed not to engage in
Amusement With Prize business systems in Texas during the period of deferred
adjudication, unless in the interim the Legislature clarifies the law
concerning such activity.



SOURCE  Aces Wired, Inc.

Robert Riggs, +1-214-686-1949, pressinformation@earthlink.net, for Aces Wired,
Inc.
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