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[VARI-LITE LOGO]
NEWS RELEASE
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For Immediate Publication
VARI-LITE INTERNATIONAL, INC. ANNOUNCES EXTENTION OF
AGREEMENT TO SELL BELGIUM, HOLLAND, FRENCH AND SWEDISH OPERATIONS
DALLAS, TX - October 3, 2000 - Vari-Lite International, Inc. (Nasdaq: LITE)
announced today the extension of the letter of intent to sell its Belgium,
Holland, French and Swedish operations to First Events B.V.
Under the terms of the revised letter of intent, the sale is subject to various
conditions but is scheduled to be completed by Oct. 31, 2000.
ABOUT VARI-LITE INTERNATIONAL
Vari-Lite International is a leading worldwide designer, manufacturer and
distributor of proprietary automated lighting systems. The Company also
provides related equipment and services to the entertainment industry, serving
markets such as concert touring, theater, television and film and corporate
events. The Company sells and rents its VARI*LITE-Registered Trademark-
automated lighting systems through a domestic and international network of
Vari-Lite offices and independent dealers.
Vari-Lite International, Inc. shares are traded on the Nasdaq National Market
under the symbol LITE.
The foregoing paragraphs contain certain forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Although the Company believes the expectations contained in
such forward-looking statements are reasonable, it can give no assurance that
such expectations will prove to be correct. These expectations may involve
risks and uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that could cause or contribute to
such differences include, but are not limited to, factors detailed in the
Company's Securities and Exchange Commission filings.
FOR FURTHER INFORMATION CONTACT:
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JERRY L. TROJAN
VICE PRESIDENT - FINANCE AND CHIEF FINANCIAL OFFICER
214-819-3244
Vari-Lite International, Inc.
201 Regal Row
Dallas, Texas 75247
phone 214.630.1963
fax 214.630.5867
