Virco Announces Cash Dividend

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Thu Apr 22, 2010 9:02am EDT

TORRANCE, Calif., April 22, 2010 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation
(Nasdaq:VIRC) announced the declaration of a quarterly cash dividend in the
following statement from Robert A. Virtue, President and CEO:

I am pleased to announce that Virco's Board of Directors has declared a regular
quarterly dividend of $0.025 per share payable June 11, 2010, to stockholders of
record on May 14, 2010. As always, payment of a quarterly dividend is predicated
on 1) the strength of our balance sheet; 2) anticipated cash flows; and 3)
future cash requirements. Subsequent quarterly dividends will continue to be
paid following a review of these factors and Board approval.

The Virco Mfg. Corporation Logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=521

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: new business strategies; the cost and
availability of steel and other raw materials; the costs of utilities and
freight; the continuing impact of our Assemble-to-Ship and Equipment for
Educators(TM) programs on earnings; market demand and acceptance of new
products; development of new distribution channels; pricing; 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; 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; and the response of competitors to our price
increases. 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 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:  Virco Mfg. Corporation
          Robert A. Virtue, President
          Robert E. Dose, Chief Financial Officer
          (310) 533-0474
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