CVD Equipment Corporation (NASDAQ: CVV) reacting today to various factually flawed articles which have recently appeared on certain investor websites. Leonard Rosenbaum, President and Chief Executive Officer stated certain of these articles contain "significant factual errors."
Mr. Rosenbaum observed that “although some of the false or misleading statements appearing in these articles may have been unintentional, I believe that some authors may be purposefully attempting to create a negative picture after taking a short position.”
He further stated that, “although our Company respects the rights of all to voice opinions openly, it is scandalous and injurious to the public as well as to our Company when information that is not factual is presented or information is presented in such a way as to intentionally attempt to create a misconception.” Mr. Rosenbaum cautioned investors to view with a degree of skepticism all articles (both positive and negative), particularly those by authors who fail to reveal their identity or affiliation.
Mr. Rosenbaum concluded that, “CVD’s Management continues to believe that it is in the best interests of our shareholders that we remain focused on our business rather than debating or responding to internet bloggers. However, due to the magnitude of inquiries to our investor relations and blogs containing baseless attacks upon our integrity, we felt it important that we hereby reaffirm and stand by the accuracy of all information which has been released by CVD.”About CVD Equipment Corporation CVD Equipment Corporation (NASDAQ: CVV) is a designer and manufacturer of custom and standard state-of-the-art equipment used in the development, design and manufacture of advanced electronic components, materials and coatings for research and industrial applications. CVD offers a broad range of chemical vapor deposition, gas control, and other equipment that is used by customers to research, design and manufacture semiconductors, solar cells, graphene, carbon nanotubes, nanowires, LEDs, MEMS, smart glass coatings, battery and/or ultra capacitor materials, medical coatings, industrial coatings and equipment for surface mounting of components onto printed circuit boards. The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release by CVD, as well as information included in oral or other written statements made or to be made by CVD, contains statements that are forward-looking. All statements other than statements of historical fact are hereby identified as "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking information involves a number of known and unknown risks and uncertainties that could cause actual results to differ materially from those discussed or anticipated by management. Potential risks and uncertainties include, among other factors, industry specific and general business conditions, competitive market conditions, success of CVD's growth and sales strategies, possible customer changes in delivery schedules, cancellation of orders, delays in product shipments, delays in obtaining parts from suppliers, failure to satisfy customer acceptance requirements and other risk factors described in CVD’s SEC filings. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof and CVD assumes no obligation to update this press release.