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Trading around 2 1/2 on the otc bb...fully filing...2.93m shares outstanding...52wh 4.00, 52wl .69...dark horse entry in semiconductor field...do your own due diligence...gpg CVD Equipment Corporation (CVDE), Ronkonkoma, NY Releases First Quarter 2000 Results RONKONKOMA, N.Y., May 12 /PRNewswire/ -- Comparing first quarter 2000 to first quarter 1999: Revenues Increased to $ 1,775,430 from $ 831,588 Earnings Increased to $ .03 from $ (.10) Orders Increased to $ 1,699,008 from $334,327 Marketing -- Our aggressive marketing approach has provided a material change in the focus and exposure for CVD. The change in our marketing philosophy has resulted in a significant increase in quote activity and orders. Sales -- Revenues are running ahead of projections and we feel very comfortable that our sales projection of a 40% increase over 1999 results are well within reach. Orders for the first quarter 2000 were $1,699,008 as compared to $334,327 for the first quarter of 1999. Orders continue to grow, and for the month of April 2000 we received $ 2,274,591 in new orders. Earnings -- Earnings per share for first quarter 2000 were $.03 versus $.06 for all of year 1999. Annualized for year 2000, this represents a 100% increase over yearend 1999 and a significant increase over first quarter 1999. Capital Resources -- Our cash position remains strong enabling CVD to explore potential opportunities to add additional business segments 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 (OTC Bulletin Board: CVDE - news), 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 | ||||||||||||||
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