Video Display Corporation Letter to Shareholders; Guidance now at Higher end of Previous Range

Video Display Corporation VIDE today is issuing the CEO's "Annual Letter to Shareholders" containing excerpts from the 8/30/2011 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 Form 8K detailing the upward revisions in guidance for this fiscal year ending February 28, 2012 and attach a full copy of this Letter thereto. The Company had recently issued previous guidance for the fiscal 2012 year end at $0.50 to $0.55 in fully diluted per share earnings. Due to higher September and October results, revised guidance, issued today, indicates that results will likely exceed the high end of the previous guidance by as much as 10%. Therefore guidance is now revised to reflect the actual higher monthly results and is increased to a projected level for fiscal 2012 earnings of $0.55 - $0.60 per share.