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To: H James Morris who wrote (130182)	8/16/2001 11:47:04 PM
From: Victor Lazlo	Respond to of 164684

CVV showing a little life today. these guys can squeeze money out of a rock.... CVD Equipment Corporation News Release - August 14, 2001 RONKONKOMA, N.Y., Aug. 14 /PRNewswire/ -- CVD Equipment Corporation (Amex: CVV - news) releases second quarter 2001 results comparing 2nd Quarter 2001 to 2nd Quarter 2000: * Revenues Increased to $3,733,111 from $2,133,096 * Earnings Increased to $.13 from $.04 * Backlog Increased to $3,032,705 from $2,861,129 Revenues -- for the 2nd quarter 2001 were $3,733,111, a 75% increase from 2nd quarter 2000 revenues of $2,133,096. Revenues for the first six months of 2001 are $7,207,927, an 84.4% increase as compared to revenues of $3,908,526 for the first six months of 2000. Earnings -- for the 2nd quarter 2001 were $.13 per share (diluted), a 225% increase from 2nd quarter 2000 earnings of $.04 per share (diluted). Earnings for the first six months of 2001 are $.25 per share, a 257% increase over the $.07 per share earnings for the first six months of 2000. Backlog -- at 2nd quarter end 2001 was $3,032,705, a 6% increase from 2nd quarter end 2000 backlog levels of $2,861,129. Marketing -- CVD's marketing continues to focus on growing the business. CVD is constantly looking to expand its customer base and to improve and increase market share. CVD continues to explore new market segment opportunities, potential acquisitions as well as expanding its overall product offerings. In 2000, the semiconductor industry grew at an unprecedented rate. New end products and a drive to manufacture smaller chips on larger wafers, reducing manufacturing costs fueled growth. The semiconductor industry however is historically cyclic in nature and has now slowed. CVD believes that it has structured itself with its three divisions to partially compensate for this cyclic nature and smooth out the ups and downs. The CVD division deals with large capital equipment, which sometimes suffers in a down cycle. However, the CVD division also sells to research facilities and universities that are not normally influenced in a significant way during a slow market. The SDC division supplies Gas and Chemical Delivery Systems, which can be impacted during a down market. However, the field service group within that division, usually adds significant field service work in a down market. And finally, the ECS division is usually impacted in a positive fashion in a down market, as customers look to refurbished equipment as an alternate way to enhance their productivity. Capital Resources -- CVD's cash position remains strong providing CVD the ability to explore future expansion, growth opportunities and provide the necessary resources for capital equipment procurement to enhance its manufacturing ability. 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 Corporation