Cohesant Technologies Reports Record Sales and Earnings

20 June 2000

Cohesant Technologies, the parent company of Glas-Craft Inc today record sales and earnings for its fiscal 2000 second quarter and six months ended May 31, 2000. The company's net sales for the second quarter of fiscal 2000 increased 10% for the comparable fiscal 1999 period. Net income for the current quarter was an increase of 19% over the $195,527 reported in the previous year. Dwight D. Goodman, Cohesant's president and chief executive officer stated, "strong demand for our plural component dispensing equipment in overseas markets, particularly in Mainland China, fuelled our performance for the quarter. Initial shipments of our new polyester system used by manufacturers of fiberglass products were also made in the quarter." Cohesant Technologies Inc., based in Indianapolis, Indiana, designs, develops, and manufactures specialized spray finishing and coating application equipment and specialty coating products through its two subsidiaries: Glas-Craft, Inc., and Raven Lining Systems, Inc. Glas-Craft, Inc., manufactures spray finishing and coating equipment for applying plural component materials such as polyesters, polyurethanes, and epoxies.

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