VDC Reaches Agreement with Toshiba Hokuto

Video Display Corporation (VDC), NASDAQ:VIDE, and Toshiba Hokuto Electronics Corporation (Toshiba), Tokyo, Japan, have reached an agreement in which Video Display agrees to purchase all remaining inventory of B/W picture tubes, monochrome display tubes, oscilloscope tubes and projection tubes currently being inventoried and marketed by Toshiba Hokuto.

VDC will assume the responsibility of worldwide distribution of the Toshiba products.

In addition, Toshiba Hokuto will transfer to VDC its existing customer base and customer contacts for all its respective product requirements.

VDC, upon exhaustion of the Toshiba Hokuto inventories, will continue to support the Toshiba customer base, as well as other worldwide monochrome display requirements, with equivalent display products manufactured by its Clinton Display subsidiary of Rockford, Illinois.

Customers seeking information on the transfer of Toshiba Hokuto products to VDC can receive detailed information by calling VDC at 770-938-2080, fax at 770-493-3903, by email at: videocrt {at} att(.)net or visiting VDC’s website at www.videodisplay.com.

About Video Display Corporation

Video Display Corporation designs, develops and manufactures unique solutions for display requirements for military, medical and industrial uses with emphasis on high-end training and simulation applications. Its product offerings include ruggedized CRT and AMLCD displays as well as complete projection display systems utilizing VDC’s Marquee(TM) and ESCP line of projectors. Video Display Corporation operates eleven design and manufacturing plants plus eight sales facilities throughout the United States and Europe. For more information, visit the Company’s web site at http://www.videodisplay.com.

Contacts

Video Display Corporation
Ronald D. Ordway, 770-938-2080
Chairman and CEO