WILLIAMSVILLE, N.Y., June 30 /PRNewswire-FirstCall/ -- CVF Technologies Corporation (CVF) (OTC:CNVT) (BULLETIN BOARD: CNVT) announced today that it intends to voluntarily deregister its common stock as of today, June 30, 2008. CVF intends to suspend its reporting obligations under the Securities Exchange Act of 1934 by filing a Form 15 with the Securities and Exchange Commission. Upon filing of the Form 15, CVF's obligation to file certain reports with the SEC, including Form 10-K, 10-Q, and 8-K, will immediately be suspended. CVF expects that the deregistration of its common stock will become effective 90 days after the date of filing the Form 15 with the SEC. The Company anticipates that its common stock will no longer be quoted on the Over-the-Counter Bulletin Board, and expects that, following deregistration with the SEC, its common stock will be quoted on the Pink Sheets(R), an electronic quotation service for over-the-counter securities. The Pink Sheets is a provider of pricing and financial information for the over-the-counter securities markets. It is a centralized quotation service that collects and publishes market maker quotes in real time primarily through its website, http://www.pinksheets.com/. The Company expects to provide sufficient information for market makers to be able to quote the Company's common stock on the Pink Sheets, but the Company can give no assurances that any broker will make a market in the Company's common stock. It should be noted that CVF has already been dual-quoted on the Pink Sheets for several years along with the OTC Bulletin Board. CVF made this decision based on several factors, including the high costs of preparing and filing periodic reports with the SEC, relative to CVF's size. This cost saving will result from the elimination of the substantial legal, audit and other costs associated with being a reporting company. As a result of these high costs, many small public companies are choosing to deregister because of these same concerns. Other reasons for the deregistering include the limited nature and extent of current trading in the Company's common stock; and the lack of analysts' coverage. CVF determined that the increasing financial cost and commitment of management's time to ongoing SEC reporting and complying with the many new regulations that have been adopted is not justified in CVF's current situation. CVF believes that by freeing up these resources CVF will create more value for our shareholders by allowing us to better execute tactical and strategic plans and improve our long term financial strength. 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. DATASOURCE: CVF Technologies Corporation CONTACT: Robert L. Miller, Chief Financial Officer, or Jeffrey Dreben, President & CEO, both of CVF Technologies Corporation, +1-716-565-4711 Web site: http://www.cvfcorp.com/

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