Video Display Corporation Completes Acquisition of Boundless Technologies; Begins Production of Boundless Products at Its Z-AXIS Subsidiary

Video Display Corporation (NASDAQ:VIDE – News) today announced that it has completed the acquisition of Boundless Technologies, Inc. (www.boundless.com) of Farmingdale, NY and has transferred the company’s operations to VDC’s Z-AXIS (www.zaxis.net) subsidiary near Rochester, NY. Z-AXIS has begun production, shipping and support of Boundless Technologies text terminals and thin clients from its electronics design and manufacturing center in Phelps, NY. The Boundless acquisition which is expected to increase revenues of the Z-AXIS division by approximately 40% is also expected to be immediately accretive to earnings of the Video Display Corp. overall.

“We are committed to providing uninterrupted service and great customer support for Boundless Technologies customers,” said Z-AXIS president Michael Allen. “Producing the Boundless Technologies line plays directly to the strengths of the Z-AXIS team: high-quality assembly of both standard and custom electronic equipment and video display products.”

Boundless Technologies designs and manufactures text terminals and thin clients for computer systems in manufacturing, retail, health care, financial and educational settings. Boundless products include ADDS Littlefoot terminals; ADDS thin clients; customized thin clients; a complete line of text terminals including the ADDS 60, 4000/260 and 3153 and the DEC (Compaq) VT 510, 520 and 525; and terminal emulation sets for all Wyse models.

Z-AXIS provides quality design, prototyping and manufacturing services for electronic products and electromechanical assemblies. It also produces commercial and industrial products including power supplies and video displays under its BEAR Power Supplies and Display Concepts brands. Z-AXIS expects the acquisition to help it continue to grow its business at greater than 30% per year, based on the Boundless Technologies order backlog combined with demand for existing Z-AXIS products and services.

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 LCOS, CRT and AMLCD displays as well as complete projection display systems utilizing VDC Display Systems Marquee(TM) and ESCP line of projectors. VDCDS has extensive experience delivering projection systems worldwide used in many commercial and military trainers, as well as complete solutions for a broad range of applications. Video Display Corporation operates eight sales, design and manufacturing facilities throughout the United States and Europe. For more information, visit the Company’s web site at www.videodisplay.com.

Contacts

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