VIDEO DISPLAY CORPORATION Named in Georgia's Top Performing Companies.Business Editors ATLANTA--(BUSINESS WIRE)--May 21, 2003 Ranked 23rd in Total Return on Investment for 2002 in 10th Annual Georgia 100 Ranked 59th overall in 100 Top Performing Companies Video Display Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : VIDE vi·de v. Abbr. v. See. Used to direct a reader's attention. [Latin vid  , sing. ) today announced it has been named in Georgia's top performing companies for 2002 in the 10th Annual Georgia 100. Compiled by The Atlanta Journal-Constitution, the Atlanta Journal-Constitution, The Daily morning newspaper published in Atlanta, Ga., based largely on the former Atlanta Constitution. Generally regarded as the “voice of the New South,” the Constitution counted among the great newspapers of the U.S. list ranked Video Display as number 23 out of the 100 top-performing public companies headquartered in Georgia for total return on shareholders investment and 59th overall in performance. The Georgia 100 ranks companies according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. five weighted factors: total return on investment (30%), return on equity (30%), year-over-year revenue change (15%), change in profit margin (15%) and revenue (10%). "During the last six year span of the 10 years that the Atlanta Journal-Constitution has published its Annual Rating," said Ron Ordway, VDC's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , "VDC VDC Volts Direct Current VDC Venture Development Corporation VDC Vehicle Dynamic Control VDC Village Development Committee (Nepal) VDC Virtual Data Center VdC Verband der Cigarettenindustrie has grown steadily from $48 million in revenues for fiscal 1996 to $72.4 million in revenues for fiscal 2002 and further to $76.6 million for the Company's last fiscal year end 2/28/03." During that same six year time span, VDC's common share price increased from a split adjusted price on January 1, 1997 of $3.33 to close at $6.95 on December 31, 2002. For more details about Video Display Corporation, please visit VDC's web side at www.videodisplay.com. 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 ruggedized CRT (1) (C RunTime) See runtime library. (2) (Cathode Ray Tube) A vacuum tube used as a display screen in a computer monitor or TV. The viewing end of the tube is coated with phosphors, which emit light when struck by electrons. and AMLCD (Active Matrix LCD) See active matrix. displays as well as complete projection systems utilizing VDC's Marquee(TM) line of projectors. Video Display Corporation operates 11 display design and manufacturing plants plus eight 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. These factors and conditions have been described in the Company's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended 2/28/2002 and the Company's other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents regarding the factors and conditions that may affect future results. |
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