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CVD Equipment Corporation Facility Expansion
RONKONKOMA, N.Y., Nov. 12 -- On November 5, 2001, CVD Equipment Corporation (CVD) (Amex: CVV) entered into a contract to lease and subsequently purchase a 50,000 square foot facility on approximately 4 acres of land in Ronkonkoma, NY. The 50,000 square foot facility will eventually replace our current 20,000 square foot rented facility in Ronkonkoma, NY and provide room for expansion. The sale, which is subject to financing, is expected to close in March, 2002. Between now and closing CVD will be occupying up to 20,000 square feet of space in the facility. CVD has elected to purchase the facility at this time due to our need for additional space and the current environment that provides for low cost financing.
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 (CVD), 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.
CONTACT: Karen Hamberg, of CVD Equipment Corporation, +1-631-981-7081,
fax, +1-631-981-7095
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