Science & Technology
Science and Technology
Science and Technology
Mon, December 1, 2008
Video Display Corporation Announces Appointment of Murray Fox to Board
ATLANTA--([ BUSINESS WIRE ])--Video Display Corporation (NASDAQ: VIDE) today announced that Murray Fox, CEO of the Company's Fox International Ltd. subsidiary has been appointed to fulfill the remaining term of Director Ervin Kuczogi. Mr. Kuczogi, who directed the Company's consumer TV tube operations for nearly 25 years and assumed the duties of Corporate President for 7 years through June 2007, has also relinquished his responsibilities as Company Director effective December 1, 2008.
"Erv's expertise in operating CRT plants has helped to make VDC what it is today. The Company's intent to close the last remaining color television tube plant located in the United States is the end of an era of 5 decades of profitable US operations," said Chief Executive Officer Ron Ordway. "We are thankful for Erv's contributions both in management and as a member of the Board. He will remain as the manager of the Color tube operations during the remaining months of manufacturing and its intended closure."
Murray Fox has been appointed to serve out the remaining tenure of Mr. Kuczogi's term as Company Director until the Company's next annual meeting of Shareholders in August 2009. Mr. Fox has served as the founder, President and CEO of Fox International for over 50 years, both as a private distributor of consumer electronic parts and as the CEO of the subsidiary since its acquisition by Video Display Corporation in 1988.
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 ]
Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward- looking statements can be identified by the use of forward-looking terminology such as "will", or similar expressions and implied statements. Such forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. All forward-looking statements reflect the company's expectations only as of the date of this release and should not be relied upon as reflecting the company's views, expectations or beliefs at any date subsequent to the date of this release.
