CVF's Holding, TurboSonic, Continues Record Growth: Receives $US 3.25 Million in New Orders

Apr 27, 2001, 01:00 ET from CVF Technology Corporation

    LEWISTON, N.Y., April 27 /PRNewswire/ --
 CVF Technologies Corporation's (Amex:   CNV) holding, TurboSonic Technologies
 Inc. (OTC Bulletin Board:   TSTA) announced the receipt of new systems orders
 totaling US$ 2.5 million (CDN$ 3.8 million) in the three month fiscal period
 ended March 31, 2001.   Additional new systems orders totaling
 US$ 750,000 (CDN$ 1.1 million) have been received subsequent to the close of
 their third fiscal quarter.
     Orders that have been placed include SoniCool(R) Evaporative Gas Cooling
 and Conditioning systems to be installed at cement plants in Canada and South
 Africa and at a SuperFund site hazardous waste incinerator in Florida. Orders
 have also been placed for Turbotak Wet Scrubbers to control emissions at a
 pulp & paper mill and at a wood products plant.
     "These new orders improve our already strong order backlog as we continue
 our record sales pace", stated Patrick Forde, TurboSonic's President. "We
 anticipate that our sales for fiscal 2001 will exceed US$ 12 million
 (CDN$ 18.4 million), more than double fiscal 2000."
     Mr. Forde went on to say, "We believe the market for our products and
 services will remain strong as new industrial air emission regulations, such
 as the U.S. EPA MACT II rules, come into force. Based on the size and number
 of projects we are currently bidding on, we are confident that demand will
 remain steady and that our sales and earnings will continue to grow throughout
 the next fiscal year".
     TurboSonic Technologies designs and markets proprietary air pollution
 control technologies to industrial customers worldwide. Its products are
 designed to meet and exceed the strictest emissions regulations, improve
 performance, reduce operating costs and recover valuable by-products.
 Industries served include Pulp & Paper, Metals & Mining, Cement, Waste
 Incineration, Power Generation, Wood Products and Petrochemicals.
     CVF Technologies Corporation is headquartered in Lewiston, New York.  CVF
 is a technology development company, whose principal business is sourcing,
 funding and managing emerging pre-public technology companies with significant
 market potential. Founded in 1989, CVF's holdings include nine companies
 involved in information technology and environmental products/services.
 
     Certain statements made in this press release which are not historical
 facts are made pursuant to the safe harbor provisions of the Private
 Securities Litigation Reform Act of 1995.  Investors are cautioned that these
 statements involve risks and uncertainties, which may cause actual results or
 achievements to be materially different from any future results and
 achievements expressed or implied by the forward-looking statements. These
 risks include, but are not limited to, product demand and market acceptance
 risks for the products and technologies of CVF's subsidiary companies and
 investees; the impact of competitive products, technologies and pricing;
 delays or difficulties in developing, producing, testing and selling new
 products and technologies; the ability of the company's subsidiaries and
 investees to obtain necessary financing for their operations and to consummate
 initial public offerings of their stock; the effect of the Company's
 accounting policies; the effect of trade restrictions and other risks detailed
 in the company's Statement on Form 10-SB/A filed with the U.S. Securities and
 Exchange Commission and any subsequent filings with the Commission.
 
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SOURCE CVF Technology Corporation
    LEWISTON, N.Y., April 27 /PRNewswire/ --
 CVF Technologies Corporation's (Amex:   CNV) holding, TurboSonic Technologies
 Inc. (OTC Bulletin Board:   TSTA) announced the receipt of new systems orders
 totaling US$ 2.5 million (CDN$ 3.8 million) in the three month fiscal period
 ended March 31, 2001.   Additional new systems orders totaling
 US$ 750,000 (CDN$ 1.1 million) have been received subsequent to the close of
 their third fiscal quarter.
     Orders that have been placed include SoniCool(R) Evaporative Gas Cooling
 and Conditioning systems to be installed at cement plants in Canada and South
 Africa and at a SuperFund site hazardous waste incinerator in Florida. Orders
 have also been placed for Turbotak Wet Scrubbers to control emissions at a
 pulp & paper mill and at a wood products plant.
     "These new orders improve our already strong order backlog as we continue
 our record sales pace", stated Patrick Forde, TurboSonic's President. "We
 anticipate that our sales for fiscal 2001 will exceed US$ 12 million
 (CDN$ 18.4 million), more than double fiscal 2000."
     Mr. Forde went on to say, "We believe the market for our products and
 services will remain strong as new industrial air emission regulations, such
 as the U.S. EPA MACT II rules, come into force. Based on the size and number
 of projects we are currently bidding on, we are confident that demand will
 remain steady and that our sales and earnings will continue to grow throughout
 the next fiscal year".
     TurboSonic Technologies designs and markets proprietary air pollution
 control technologies to industrial customers worldwide. Its products are
 designed to meet and exceed the strictest emissions regulations, improve
 performance, reduce operating costs and recover valuable by-products.
 Industries served include Pulp & Paper, Metals & Mining, Cement, Waste
 Incineration, Power Generation, Wood Products and Petrochemicals.
     CVF Technologies Corporation is headquartered in Lewiston, New York.  CVF
 is a technology development company, whose principal business is sourcing,
 funding and managing emerging pre-public technology companies with significant
 market potential. Founded in 1989, CVF's holdings include nine companies
 involved in information technology and environmental products/services.
 
     Certain statements made in this press release which are not historical
 facts are made pursuant to the safe harbor provisions of the Private
 Securities Litigation Reform Act of 1995.  Investors are cautioned that these
 statements involve risks and uncertainties, which may cause actual results or
 achievements to be materially different from any future results and
 achievements expressed or implied by the forward-looking statements. These
 risks include, but are not limited to, product demand and market acceptance
 risks for the products and technologies of CVF's subsidiary companies and
 investees; the impact of competitive products, technologies and pricing;
 delays or difficulties in developing, producing, testing and selling new
 products and technologies; the ability of the company's subsidiaries and
 investees to obtain necessary financing for their operations and to consummate
 initial public offerings of their stock; the effect of the Company's
 accounting policies; the effect of trade restrictions and other risks detailed
 in the company's Statement on Form 10-SB/A filed with the U.S. Securities and
 Exchange Commission and any subsequent filings with the Commission.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X42984936
 
 SOURCE  CVF Technology Corporation