Exhibit 99.1
FOR IMMEDIATE RELEASE
Chicago Rivet & Machine Co. Announces Second Quarter Results of Operations.
Naperville, IL, August 13, 2007. Chicago Rivet & Machine Co. (Amex, symbol: CVR) today
announced results for the second quarter of 2007 as summarized below:
CHICAGO RIVET & MACHINE CO. |
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Summary of Consolidated Results of Operations |
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For the Three and Six Months Ended June 30 |
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| Second Quarter |
| First Six Months | |||||
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| 2007 |
| 2006 |
| 2007 |
| 2006 | |
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Net sales and lease revenue |
| $10,130,320 |
| $11,057,366 |
| $20,077,896 |
| $21,998,317 | |
Income before income taxes |
| 775,399 |
| 698,526 |
| 1,235,671 |
| 1,284,810 | |
Net income |
| 523,399 |
| 468,526 |
| 833,671 |
| 857,810 | |
Net income per share |
| .54 |
| .49 |
| .86 |
| .89 | |
Average shares outstanding |
| 966,132 |
| 966,132 |
| 966,132 |
| 966,132 | |
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(All figures subject to year-end audit) | |||||||||
Contact:
Kimberly A. Kirhofer
Chicago Rivet & Machine Co.
(630) 357-8500