Video Display Corporation Agrees to Acquire Assets of Boundless Technologies, Inc., the World Leader in the Production of Legacy Computer System Displays

Video Display Corporation (NASDAQ:VIDE), a market leader in specialty medical, military and simulation displays, today announced that an agreement had been reached for the acquisition of the assets and business of Boundless Technologies, Inc., www.boundless.com, of Farmingdale, New York. Boundless Technologies, with its proprietary technologies, is the known world leader in the production of displays and thin client technologies supporting legacy mainframe and point of sale computer systems worldwide. Boundless’ business will be fully integrated into and supported by VDC’s Z-Axis Inc. subsidiary in Phelps, NY. The asset purchase transaction is expected to be finalized prior to the end of September, 2008 with no interruption in deliveries of the base of open orders to Boundless customers.

“We are extremely excited about this opportunity to bring Boundless Technologies into our Z-Axis family. Their proprietary technologies are critical for the continued operation and support for a vast number of legacy mainframes and point of sale computer systems worldwide. Through this acquisition, which is expected to add nearly 30% to the already rapidly growing revenue base of Z-Axis, VDC is assuring the IT industry of a committed source for high quality legacy computer systems displays for many years to come,” says Michael Allen, President of Z-Axis.

Z-Axis/Boundless contact information: Boundless Sales 315.548.5000, Fax:315.548.5100

About Video Display Corporation

Video Display Corporation designs, develops and manufactures unique solutions for display requirements for military, medical and industrial use, with emphasis on high-end military, training and simulation applications. Its product offerings include ruggedized CRT and AMLCD displays as well as complete projection systems utilizing VDC’s Marquee(TM) and ESCP lines of projectors. Video Display Corporation operates eight-display design and manufacturing plants plus eight sales facilities throughout the United States and Europe.

Contacts

Video Display Corporation
Ron Ordway, CEO
770-938-2080