CHARLTON, Mass., Jan. 19 /PRNewswire/ -- FiberCore, Inc. (Nasdaq: FBCE), a
leading manufacturer and global supplier of optical fiber and preform for the
telecommunication and data communications markets, announced that two
incorrect Form 144s were registered with the SEC on January 16, 2001.
The incorrect filings indicated the registration of 500,000 shares of
restricted stock each by President and CEO Dr. Mohd A. Aslami and Secretary
Charles DeLuca. The correct amount should have been for just 25,000 shares
each. The Company is taking the appropriate steps to correct these filings.
FiberCore, Inc. develops, manufactures and markets single-mode and
multi-mode optical fiber preforms and optical fiber for the telecommunications
and data communications markets. In addition to its standard multi-mode and
single-mode fiber, FiberCore also offers various grades of fiber for use in
laser-based systems, to help guarantee high bandwidths and to suit the needs
of Feeder Loop, Fiber-to-the Curb, Fiber-to-the Home and Fiber-to-the Desk
applications. Manufacturing facilities are presently located in Jena, Germany
and Campinas, Brazil.
For more information about the company, its products, or shareholder
information please visit our Website at: http://www.FiberCoreUSA.com or contact us
at: Phone - (508) 248-3900 or by FAX - (508) 248-5588 or E-Mail
FiberCore@aol.com
Except for the historical matters discussed above, the statements in this
press release are forward looking and are made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995. They are
based on the Company's current expectations and are subject to a number of
risks and uncertainties. Actual results may differ materially from those
projected as a result of certain general economic and business conditions;
loss of market share through competition; introduction of competing products
by other companies; changes in Industry capacity; pressure on prices from
competition or from purchasers of the Company's products; availability of
qualified personnel; the delivery of an ability to commission new equipment as
scheduled; ability to obtain required financing; dependence on a limited
number of raw material suppliers; the loss of any significant customers; and
other factors detailed from time to time in the Company's filings with the
Securities and Exchange Commission.
SOURCE FiberCore, Inc.
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Related links:
http://www.FiberCoreUSA.com
CONTACT:
Dr. Mohd A. Aslami, President and CEO, or
Steven Phillips, CFO, of FiberCore, Inc., 508-248-3900; or
General, Alison Ziegler, Analysts, Christie Mazurek, or Media,
Marty Gitlin of The Financial Relations Board-BSMG Worldwide,
212-661-8030
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