Virco Announces Board Reorganization

Virco Announces Board Reorganization

TORRANCE, Calif., May 12, 2014 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation
(Nasdaq:VIRC) announced today that its Board of Directors has unanimously
determined to reconstitute itself into a smaller and nimbler structure. As a
result, the Board will be reduced in size to 5 members, which is expected to
save in excess of $250,000 per year. These savings are in line with the
percentage savings achieved by the Company in other areas over the past
several years.

To implement this reconfiguration, six current directors have tendered their
resignations. They were replaced by two new independent directors, Robert Lind
and Donald Rudkin, who join existing new independent director, Michael
DiGregorio.

Chairman of the Board and CEO Robert Virtue said: "We have worked diligently
through the recent recession to make changes in our organization to maintain
our position as the most trusted supplier of furniture and equipment for
education, both in America and internationally. I want to personally thank our
departing directors for their many years of service."

Mr. Virtue continued, "As we anticipate a growing recovery in the education
market, the agility of our new, leaner Board will help us capitalize on growth
opportunities. These directors bring new experience and broad strengths to our
current team and I look forward to working with them to the benefit of our
customers and stockholders."

This news release contains "forward-looking statements" as defined by the
Private Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements regarding: business strategies; market
demand and product development; economic conditions; the educational furniture
industry; international markets; product sourcing; raw material costs; state
and municipal bond funding; order rates; shipments; cost control initiatives;
operating efficiencies; supply chains; the Company's domestic factories; new
school construction and seasonality.Forward-looking statements are based on
current expectations and beliefs about future events or circumstances, and you
should not place undue reliance on these statements.Such statements involve
known and unknown risks, uncertainties, assumptions and other factors, many of
which are out of our control and difficult to forecast.These factors may
cause actual results to differ materially from those which are
anticipated.Such factors include, but are not limited to: changes in general
economic conditions including raw material, energy and freight costs; state
and municipal bond funding; state, local and municipal tax receipts; the
seasonality of our markets; the markets for school and office furniture
generally; the specific markets and customers with which we conduct our
principal business; our ability to access cash under our credit facility; and
the competitive landscape, including responses of our competitors to changes
in our prices.See our Annual Report on Form 10-K for the year ended January
31, 2014, and other materials filed with the Securities and Exchange
Commission for a further description of these and other risks and
uncertainties applicable to our business.We assume no, and hereby disclaim
any, obligation to update any of our forward-looking statements.We
nonetheless reserve the right to make such updates from time to time by press
release, periodic reports or other methods of public disclosure without the
need for specific reference to this press release.No such update shall be
deemed to indicate that other statements which are not addressed by such an
update remain correct or create an obligation to provide any other updates.

CONTACT: Robert A. Virtue, President
         Douglas A. Virtue, Executive Vice President
         Robert E. Dose, Vice President Finance
         Virco Mfg. Corporation
         (310) 533-0474

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