VIDE, a small floater, had acquisition news late yesterday
Video Display Acquires Assets of AmPro Corporation
ATLANTA--(BUSINESS WIRE)--Feb. 1, 2000--Video Display Corporation (NASDAQ-NMS:VIDE - news) today announced the acquisition of substantially all of the assets including manufacturing and support capabilities, parts inventories, product designs, patents and all intellectual property of the AmPro Corporation of Melbourne, Florida. The Company simultaneously announced the formation of PARAGON DISPLAYS, a new division of Video Display Corporation headquartered in Cape Canaveral, Florida. The new division specializes in custom solutions for training rooms, board rooms, teleconferencing, flight training simulators, command and control centers, air traffic control, ship simulators, process status displays, integrated home theater, etc.
Paragon Displays' experienced staff includes David Mutchler as President and Marcial Vidal as V.P. of Engineering. The Company offers a wide range of expertise in the design, development and manufacture of custom display systems to meet a wide variety of customer requirements. On-going programs to be supported include NASA Mission Control and Shuttle Mission Training, US Navy Shipboard Command and Control, US Navy, Air Force, and Army Flight Training Simulators. ``AmPro' support and new project inquiries should be directed to the Cape Canaveral location at 321-784-4427.
Video Display Corporation is the major manufacturer and distributor of cathode ray tubes (CRTs) and electron optic parts for the worldwide replacement market for television and for data display monitors widely used throughout the medical, military and industrial markets. The Company is also a leading supplier of standard and speciality high performance monochrome and color CRT and AMLCD display monitors for the military, medical, broadcast and industrial markets. The Company operates principally in the U.S. with subsidiary operations in Mexico, the U.K. and the Netherlands.
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