ASV Inc. reported its first quarter 2001 financial results. Net sales for the three months ended March 31, 2001, totaled nearly $13 million, the highest quarterly net sales in the company’s history and a 16 percent increase from net sales of $11 million for the same period in 2000. Due in part to the significant increase in spending for research and development, net earnings for first quarter 2001 were $203,970 compared with $416,761 for first quarter 2000. Earnings per share were 2 cents for first quarter 2001 compared with 4 cents for first quarter 2000.

For a full financial list, visit www.asvi.com in the investor relations section under the "About ASV."