To: Jeffrey L. Henken who wrote (1084 ) 3/23/1999 5:09:00 PM From: Francois Goelo Respond to of 2662
Jeffrey, bullish news for DTEK. Closed at $5.25, up 24%. VXCH up 20%... Display Technologies, Inc. Announces Sales to Staples Arena, Charlotte Motor Speedway and Continued Earnings Growth ORLANDO, Fla., March 23 /PRNewswire/ -- Display Technologies, Inc. (Nasdaq: DTEK - news), announced today that its backlog is stable at $20,000,000 and it continues to expect a significant increase in earnings per share for its year ending June 30, 1999. Sales and orders continue to be strong at each of its signage subsidiaries. Ad Art has contracted for 5 LED video replay displays with the owner of five minor league baseball teams and has also contracted for approximately $750,000 of signage at Staples Arena in Los Angeles. Don Bell is currently manufacturing a state-of-the-art 140-foot-high, 20-position, fully automated scoreboard with advertising panels for the Charlotte Motor Speedway to be installed in April. In addition, signage sales and orders for national retail and financial accounts, including BankAmerica, McDonalds, Rent-A-Center, and Lil Champ, continue to be strong. The BankAmerica work includes the signage on the tower at the foot of the San Francisco/Oakland Bay Bridge. Further, as a display of confidence in the future of DTEK, J. Melvin Stewart, Chairman of the Board, and J. William Brandner, President and Chief Executive Officer have each exercised stock options for the purchase of an aggregate of 173,447 shares of DTEK common stock. Their total cash investment, including required income taxes, was approximately $440,000. Display Technologies, Inc., through its subsidiaries, designs, manufactures, installs and services hi-tech electronic computer driven video displays, message centers, scoreboards and business identity signs, and also manufactures a line of compressed air filter products. Certain matters addressed in this release may constitute ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. Such forward-looking statements are subject to a variety of risks and uncertainties that could cause actual results to be different materially from those anticipated by the Company's management. The Private Securities Litigation Reform Act of 1995 (the ''1995 Act'') provides certain ''safe harbor'' provisions for forward-looking statements. All forward-looking statements made in this release are made pursuant to the 1995 Act. For more information on the potential factors which could affect the Company's financial results, reference should be made to the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-KSB for the fiscal year ended June 30, 1998. SOURCE: Display Technologies, Inc.Solid Company that's still a bargain and provides diversification. Disclosure: Long 2000 shares Regards, F. Goelo + + +