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Video Display Corporation to Acquire Christie Digital Marquee CRT Projectors

(October 15, 2001)
Video Display Corporation and Christie Digital Systems Canada, Inc. announced that Video Display Corporation would acquire the Marquee line of cathode ray tube (CRT) projectors of Christie Digital Systems (formerly Electrohome Projection Systems). The agreement specifies that all manufacture, sales, service, inventory and other assets and operations of the CRT line of projectors will be transferred to VDC Display Systems of Cape Canaveral, Florida, a wholly owned subsidiary of Video Display Corporation.

According to Company CEO, Ron Ordway, "The addition of the Christie Digital Systems CRT projector business is a natural fit into VDCs Cape Canaveral operations and is expected to be done with no disruption of shipment or order flow from existing customers. VDCs backlog of military orders and training simulation products will reach record levels in excess of $25,000,000 with the addition of the Christie booked orders and is projected to add approximately 13% to VDCs annual gross revenues." The transaction is scheduled to close as of October 31, 2001.

VDC Display Systems is a leading supplier of customized, integrated display solutions for simulation, command and control, virtual reality, training and other specialized applications. With the acquisition of the highly recognized and respected Marquee product line, the Company further solidifies its position in the simulation, virtual reality, home theater and other specialized markets served by these products. The Company continues to be a value added reseller of Christie Digital Systems' line of DLP, LCD and LCoS products and also represents JVC's DILA Professional Products. VDC Display Systems supplies its solutions to Fortune 500 customers as well as military and government agencies. For more information visit the Company's web site at

Video Display Corporation is a leading worldwide supplier of a complete range of display products and components for the medical, military, industrial and television markets headquartered in Tucker, Georgia, with 16 manufacturing and seven warehousing and sales facilities in the United States, Mexico, United Kingdom and mainland Europe.

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Related Keywords:Video Display Corporation, Christie Digital, Marquee CRT Projectors

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