TORRANCE, Calif., Oct. 6, 2010 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (Nasdaq:VIRC) announced the declaration of a quarterly cash dividend of $0.025 per share payable December 3, 2010, to stockholders of record on November 5, 2010. In making the announcement, Robert A. Virtue, President and CEO, cautioned that given prevailing economic uncertainties, payment of future quarterly dividends will continue to be dependent upon: 1) the strength of our balance sheet; 2) anticipated cash flows; and 3) future cash requirements following careful review of these factors by our Board of Directors.
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This news release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. 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. See our Annual Report on Form 10-K for the year ended January 31, 2010, and other materials filed with the Securities and Exchange Commission for a 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: Virco Mfg. Corporation Robert A. Virtue, President Douglas A. Virtue, Executive Vice President Robert E. Dose, Vice President Finance (310) 533-0474