OTC Bulletin Board S & P Company Insight for ACES WIRED INC
Profile
	Business Summary: Aces Wired, Inc. operates as a gaming and recreation company in Texas. The company engages in distributing electronic bingo games and related equipment, supplies, and branded pull tabs to charity bingo licensees.   Address   12225 Greenville Avenue, Suite 861   Dallas , TX 75243   Phone: 214-261-1963   Fax: 214-261-1962   Website: http://www.aceswired.com Auditor   WEAVER AND TIDWELL   Dallas Transfer Agent   First American Stock Transfer Employees:  159 ShareHolders:  61 Founded:  2001 Domicile:  Nevada
Background
	Aces Wired, Inc. operates as a gaming and recreation company in Texas. The company engages in distributing electronic bingo games and related equipment, supplies, and branded pull tabs to charity bingo licensees. It also offers a proprietary financial redemption/player card system, Ace Advantage Card system, to the Amusement-With-Prize (AWP) gaming market. As of February 3, 2008, Aces Wired operated 319 AWP gaming machines in 5 gaming amusement centers and had licensed 85 AWP machines to various bingo hall operators. The company is based in Dallas, Texas. History:  INCORPORATED in Nevada Dec. 5, 2001, as OEF Corporate Solutions, Inc.; name changed to Aces Wired, Inc. Oct. 4, 2006. October 4, 2006, acquired 100% of the ownership interests in Goodtime Action Amusement Partners, L.P. (Goodtime) and Amusement Innovation Partners, LLC, the general partner of Goodtime, in exchange for 7,623,580 Common shares.   Subsidiaries: 12225 Hospitality Services, Inc. 12225 Restaurant Services, Inc. Aces Wired Beverage Company No. 1, Inc. Aces Wired Beverage Company No. 2, Inc. Aces Wired, LLC Alacrity Value Management, LLC Amusement Innovation Partners, LLC Assured Stored Value, LP CC Greyhound Racing, LP CC Track Management, LLC Goodtime Action Amusement Partners, L.P. K&B Sales, Inc.
Management
	Management Officers Position  Gordon T. Graves Chairman  Kenneth R. Griffith President & Chief Executive Officer  Christopher C. Domijan Secretary, Exec VP & Chief Financial Officer  Knowles B. Cornwell Exec VP & Chief Operating Officer  Nicholas F. Holt Chief Accounting Officer & Controller  Michael L. Roerick Chief Technology Officer Directors  Gordon T. Graves  Kenneth R. Griffith  Craig S. Nouis  John J. Schreiber
Annual Report
	Annual Report   Income Statement   2007 2006 Revenues 20,937 17,890 Cost & exps. 23,037 21,517 Oper. income as calculated (2,100) (3,627) Interest income 147 28 Other income (433) 7 Total income (2,386) (3,592) Depr. & amort. 1,219 736 Interest exp. 187 141 Income tax (535) 632 Net income (3,257) (5,101) Share earns. basic ($0.44) ($0.73) Share earns. diluted ($0.44) ($0.73) Avge. com. shs. (Thou.) 7,487 6,974   Balance Sheet   2007 2006 Assets: Cash & equiv. 3,610 7,101 Restricted cash 91 309 Accts. rec., net 894 801 Inventories 790 879 Other curr. assets 831 441 Tot. curr assets 6,216 9,531 Net property 5,641 4,569 Intangibles 4,099 4,341 Other assets 222 105 Total assets 16,178 18,547 Liabilities: Curr debt. mat. 353 647 Income tax 63 416 Accts. pay. 527 625 Other curr. liabs. 689 410 Tot. curr. liabs. 1,632 2,098 Long-term debt 1,879 2,158 Long term defr. inc. tax 95 264 Other liabs. 290 -- Pfd. stk. $.001 par value 2 2 Com. stk. $.001 par value 8 8 Treas. stk. Nil -- Paid-in cap. 17,640 16,129 Retained earns. (5,368) (2,111) Total liabs. 16,178 18,547 Equity per Share NM $0.19 Preferred Shares (Thou.) 1,612 1,612 Common Shares (Thou.) 8,000 8,000 Treasury Shares - Common (Thou.) 79 --    * Financial statements represent fiscal years ended October 28, 2007 and October 29, 2006. Aces Wired, Inc. (Aces Wired or the Company) is the parent company of Goodtime Action Amusement Partners, L.P. (Goodtime). Goodtime, a gaming and recreation company, was created on October 31, 2005 in a business combination with K&B Sales, Inc. (K&B) and Aces Wired, LLC (AWLLC). The Company was incorporated in Nevada in December 2001 under the name OEF Corporate Solutions, Inc. (OEF). On October 4, 2006, and pursuant to the terms of the Agreement Concerning the Exchange of Securities among the Company, Goodtime, the partners of Goodtime and the members of Goodtime?s general partner, Amusement Innovation Partners, LLC (AIP), the Company exchanged 7,623,580 shares of its common stock with the partners and members of Goodtime and AIP for all of the outstanding ownership interests of Goodtime and AIP. As a result of the exchange, Goodtime became the Company?s wholly-owned subsidiary, and the former partners and members of Goodtime and AIP, including certain affiliated persons holding nonvoting profit interests in Goodtime, collectively became the beneficial owners of approximately 95.3% of the issued and outstanding common stock shares of the Company. OEF had no meaningful operations and no assets or liabilities immediately prior to the exchange and its stockholders retained approximately 4.2% of the issued and outstanding common stock shares of the Company as of the date of the acquisition. Although the Company is the legal parent company, its acquisition of Goodtime was accounted for as a reverse acquisition whereby Goodtime was considered to be the accounting acquirer and continuing entity for financial reporting purposes and no goodwill or intangible assets were recorded. Accordingly, these consolidated financial statements have been prepared as if Goodtime had always been the reporting entity and then on October 4, 2006 was recapitalized and changed its name to Aces Wired, Inc., the successor company of OEF.
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 6,150,000   2008   2 8,670,000   2008   3 4,680,000   2007   3 4,830,000   2007   4 5,010,000   2007   Full Year 20,940,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 (580,000)   2008   2 700,000   2008   3 (13,320,000)   2007   3 (1,070,000)   2007   4 (330,000)   2007   Full Year (3,260,000)   2006   Full Year (5,100,000)   2005   Full Year 50,000     Quarterly EPS, US$ Year Quarter Revenue   2008   1 (.07)   2008   2 .03   2008   3 (1.37)   2007   3 (1.37)   2007   4 (.04)   2007   Full Year (.43)
Stock Data
	Capitalization as of 10/28/2007:     Authorized Shares Outstanding Shares Preferred $0.001 par 5,000,000 1,612,000so1 Common $0.001 par 45,000,000 7,921,077so2   LONG TERM DEBT: $1,879,001.   Commmon $0.001 par   Stockholders:  02/01/2008, 61. PRINCIPAL STOCKHOLDERS: October 28, 2007, Gordon T. Graves owned or controlled 35.7% of the Common, Kenneth R. Griffith 25.4%, Knowles B. Cornwell 15.6% and Scott L. Swid 5.7%.   Transfer Agent:  First American Stock Transfer   Phoenix , AZ   OTC Bulletin Board( Primary): AWIR   Exchange Year High Low OTC Bulletin Board 2008 0.0000 0.0000   DIVIDENDS: Commmon $0.001 par: No cash.       so1Consists of Ser. A Conv. Preferred. Each Ser. A share is convertible into one Common share. Liquidation preference, $8,205,081 at Oct. 28, 2007.   so2Excl. 78,942 in treas.