Planar Announces Sale of Remaining Interest in CoolSign Digital Signage Business

2009-01-11 20:23:01 -

Planar Systems, Inc. (NASDAQ:PLNR), today announced that on December 26, 2008 it closed the sale, for cash, of its CoolSign Digital Signage business in fields of use outside of the gaming field to CS Software Holdings LLC. Planar previously announced that it had sold Planar's CoolSign Digital Signage business for exclusive use within the gaming field to Bally Gaming, Inc. Further terms of the transaction were not disclosed.


Planar's CoolSign digital signage software is the platform-of-choice for some of the leading banks, retail chains, advertising networks and corporate communication networks in the world, and is in use on over eight thousand networked digital displays worldwide.


ABOUT PLANAR


Planar Systems, Inc (NASDAQ:PLNR) is a global leader of specialty display technology providing hardware solutions for the world's most demanding environments. Space and military programs, utility and transportation hubs, government agencies, businesses, and home theater enthusiasts all depend on Planar to provide superior performance when image experience is of the highest importance. Founded in 1983, Planar is headquartered in Oregon, USA, with offices, manufacturing partners, and customers worldwide. For more information, visit www.planar.com.





MEDIA CONTACTS:

Planar Systems, Inc.

Pippa Edelen, 503-748-5868

pippa.edelen@planar.com

or

GolinHarris

Katherine Manning, 213-438-8788

katherine.manning@golinharris.com

or

INVESTOR CONTACTS:

Planar Systems, Inc.

Ryan Gray, 503-748-8911

ryan.gray@planar.com