VIDE Video Display Corporation (PK)

Video Display Corporation (Nasdaq:VIDE) a leading US designer, manufacturer and distributor of specialty military, medical and industrial display solutions, today announced unaudited preliminary results for fiscal year ended 2/29/2012. The Company will release its final audited financial results and its Form 10K on or before May 31, 2012.

In accordance with standard accounting procedures, the Company will report its comparisons of fiscal 2012 against its fiscal 2011 as "results from continuing operations" due to the sale of its fulfillment center and distribution business, Fox International Ltd, effective at the close of business on February 28, 2011. In addition, the preliminary results projected herein reflect the inclusion of operating results and one time closure costs of approximately $1.25 million of the Company's Clinton Display operations closed during the final quarter of fiscal 2012.

For fiscal year ended 2/29/2012, the Company expects to report Net Revenues of $64.2 million versus Net Revenues from Continuing Operations of $59.0 million reported for fiscal year ended 2/28/2011 which represents an increase of approximately 8.8% year over year. Aftertax Net Income is expected to be reported at approximately $3.69 million versus $2.40 million. Net Income for the previous fiscal year on a comparable basis representing an increase of approximately 54% year over year. Tax rate applied for 2012 is expected to be approximately 31.0% versus 35.4% for fiscal 2011.

Earnings per share are expected to be reported on a fully diluted 7.85 million shares for fiscal 2012 versus 8.70 million shares for fiscal 2011. Per Share Earnings from Continuing Operations are expected to reflect an increase of approximately 68% over the results reported for fiscal 2011 on a comparable basis, with fiscal 2/29/2012 being projected at approximately $0.47 versus $0.28 per share for the previous year.

Reflected in the presentation of the above numbers for fiscal 2012, the Company has included the losses from fiscal 2012 operations and the one time costs of closure of its Clinton Displays manufacturing facility. The operating losses and the one time closure costs generated by Clinton for fiscal 2012 were approximately $1,275,000 which have been deducted from the preliminary results presented herein. The effect of the losses at Clinton was a reduction in fully diluted preliminary earnings of approximately $0.11 per share.

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 training and simulation applications. Its product offerings include rugged AMLCD and CRT displays as well as complete projection systems utilizing VDC's Marquee™ line of projectors. Video Display Corporation operates 8 display design and manufacturing plants plus additional sales facilities throughout the United States and Europe.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Video Display Corporation or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the Company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the Company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions, including items discussed in the Company's Form 10-K for the year ended February 28, 2011, filed with the Securities and Exchange Commission. The Company undertakes no duty to publicly update forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Ronald D. Ordway
         Chairman and CEO
         770-938-2080