FDAnews Drug Daily Bulletin

CV TECHNOLOGIES-MAKERS OF COLD-FX-POSTS $10.1 MILLION NET AFTER TAX EARNINGS ON RECORD REVENUE

Dec. 1, 2005
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CV Technologies Inc. (CVT) (TSX VENTURE:CVQ) today released its financial statement for fiscal 2005 showing record sales and profits. The Company -- maker of COLD-fX -- ended the year with net sales of $31.9 million -- an increase of 398% over the $6.4 million achieved the previous year. More striking was the Company's $10.1 million in net after tax profit which is 67 times greater than the $151 thousand that the Company recorded in fiscal 2004 -- the Company's first profitable year.

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