CVD Equipment Corporation (CVDE), Ronkonkoma, NY Releases Second Quarter 2000 Re
/FROM PR NEWSWIRE NEW YORK 800-776-8090/
TO BUSINESS AND TECHNOLOGY EDITORS:
CVD Equipment Corporation (CVDE), Ronkonkoma, NY Releases Second Quarter 2000
Results.
RONKONKOMA, N.Y., Aug. 16 /PRNewswire/ -- The following was issued today
by CVD Equipment Corporation (OTC Bulletin Board: CVDE):
Comparing second quarter 2000 to second quarter 1999:
-- Revenues Increased to $2,133,096 from $1,397,614
-- Earnings Increased to $.05 from $.01
-- New Orders Increased to $3,608,713 from $1,692,388
Marketing
-- We continue our aggressive marketing approach, utilizing sales
representatives to supplement our internal sales efforts. Quotation volume
has significantly increased and so are order levels.
Sales
-- Revenues are well ahead of projections as we have been exceeding our
sales rate projection of a 40% increase over 1999. New orders for the second
quarter 2000 were $3,608,713.76 as compared to $1,692,388 for the second
quarter of 1999. New orders for the first six months of 2000 were $ 5,307,722
as compared to $ 2,026,715 for the first six months of 1999.
Earnings
-- Earnings per share for second quarter 2000 were $.05 versus $.01 for
second quarter 1999. Earning for the first six months of 2000 are $.07 per
share which exceeds the $.06 per share earnings for all of 1999.
Capital Resources
-- Our cash position remains strong enabling CVD to explore potential
opportunities to further expand and grow the company.
This public announcement may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These forward-looking
statements are subject to certain risks and uncertainties that could cause
actual results to differ materially from historical results or anticipated
results. Investors and potential investors should review carefully the
description of the risks and uncertainties which, together with other detailed
information about CVD Equipment Corporation, is contained in the periodic
reports that CVD files from time to time with Securities and Exchange
Commission.
The risks and uncertainties include, but are not limited to: the ability
to successfully integrate acquired assets into CVD Equipment Corporation;
CVD's dependence upon the ability to attract and retain qualified personnel;
competition and technological changes; the company's dependence upon
proprietary technology and the potential need for additional financing.
SOURCE CVD Equipment Corp.
/CONTACT: Karen Hamberg of CVD Equipment Corporation, 631-981-7081, orfax,
631-981-7095 or e-mail info@cvdequipment.com/
/Web site: cvdequipment.com
Aug-16-2000 16:34 GMT
Symbols:
US;CVDE
Source PRN PR NewsWire
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