Video Display Corporation Issues Annual Letter to Shareholders

Video Display Corporation VIDE today is issuing the CEO's "Annual Letter to Shareholders" containing excerpts from the 11/27/2013 CEO's Address to Shareholders at the Company's Annual Meeting in Stone Mountain GA and updating the Shareholders on earnings guidance and other events of significance. The Company will file a Report on SEC Form 8K detailing the revisions in guidance for this fiscal year ending Feb. 28, 2014 and attach a full copy of this Letter thereto. The Company had issued previous guidance for the fiscal 2014 year end; however, due to the sale of VDC's Aydin Displays subsidiary, the anticipated December 2013 sale of its Z-AXIS Inc subsidiary and the potential sale of its Lexel Imaging subsidiary, the previously issued guidance of the consolidated operations no longer remains valid and requires revision. Revised guidance, issued today, recognizes the completion of the August 30th Aydin Displays Inc. sale and assumes a December sale of Z-AXIS Inc. Per share earnings guidance is now revised to reflect such anticipated transactions and is projected to be in the range of $0.14 - $0.16 See full press release