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CNVT (.18) Announces $1.3 Million (Cdn) in New

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NJ_TOAD Member Level  Wednesday, 05/23/07 12:37:34 PM
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CNVT (.18) Announces $1.3 Million (Cdn) in New Orders; Backlog Now Over $10 Million (Cdn)

PR Newswire "US Press Releases "

WILLIAMSVILLE, N.Y., May 23 /PRNewswire-FirstCall/ -- CVF Technologies Corporation's (OTC Bulletin Board: CNVT) holding BIOREM (24% owned by CVF) announced the receipt of five new orders totaling $1.3 million (Cdn) bringing the order backlog to over $10 million (Cdn). The new orders include a significant order from Veolia Water North America for $700,000 (Cdn). "We are pleased with the order rate and look forward to continued success as we build out our more aggressive marketing and sales organization," said Peter Bruijns, President and CEO of BIOREM.

The Veolia system will be installed under their Design Build Operate (DBO) contract for Rockland County, NY. The Rockland County plant is the first DBO installation for a new wastewater treatment plant in the State of New York.

The plant will be located in Hillburn, NY, fifty kilometers from New York City treating 5,600 cubic meters per day of waste water. The installation will be built in an enclosed structure to provide odor containment and will use the advanced BIOFILTAIRTM control system from BIOREM to ensure the highest degree ofodor control from a covered system.

"Becoming a trusted supply partner to exceptional firms such as Veolia is important for BIOREM" added Peter Bruijns. "Veolia is a leader in municipal water services with operations around the world, serving more than 600 communities in North America alone."

In addition to the Veolia installation the other four orders come from the communities of Bloomingdale, IL, Marysville, OH, St. Johns River, FL, and Palm Coast, FL. Two of these customers represent repeat orders and the product lines reflect the range of odor solutions offered by BIOREM.

BIOREM(R) (http://www.biorem.biz) manufactures BIOSORBENS(R) biofilter media and is a leading supplier of biofilters for air pollution control in municipal and industrial applications, including BIOCUBE(R) modular units and the recently introduced MYTILUS(R) biotrickling filters. With over 400 installed systems and over a decade of experience, the Company's products are the technology of choice for odor control at Wastewater Treatment Plants across North America.

CVF Technologies Corporation (http://www.cvfcorp.com) is headquartered in Williamsville, New York. CVF is a technology development company, whose principal business is sourcing, funding and managing emerging pre-public cleantech technology companies with significant market potential. Founded in 1989, CVF's holdings include four companies involved primarily in 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.

For more information please contact: http://www.cvfcorp.com

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