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EXHIBIT 99.1
NEON COMMUNICATIONS, INC.
NEON OPTICA, INC.
2200 West Park Drive www.neoninc.com 800.891.5080 TEL
Suite 200 508.616.7800 TEL
Westborough, MA 01581 508.616.7895 FAX
News Release Contact:
Immediate Fred Kocher
September 14, 2000 (508) 616-7819
NEON ANNOUNCES CHANGE IN CORPORATE STRUCTURE AND
CONSUMMATION OF EXPANSION TRANSACTIONS
Westborough, Massachusetts - NorthEast Optic Network, Inc. (Nasdaq: NOPT)
announced today that it has completed the reorganization of its corporate
structure, as a result of which NEON Communications, Inc. became its parent
holding company and NorthEast Optic Network, Inc. changed its name to "NEON
Optica, Inc."
NEON also announced today that it has consummated its transactions with Exelon
Ventures Corp., a wholly owned subsidiary of PECO Energy Corp., and Consolidated
Edison Communications, Inc., a wholly owned subsidiary of Consolidated Edison,
Inc., relating to NEON's expansion in the New York, Philadelphia, Baltimore and
Washington, D.C. markets.
NEON is a registered trademark of NEON Optica, Inc.
(Note: This news release may contain "forward looking statements" with the
meaning of the Private Securities Litigation Reform Act of 1995, including but
not limited to, statements concerning future plans for expansion and completion
of the NEON -Registered Trademark- system. Such statements are subject to risks
and uncertainties which could cause actual results to differ materially from
those anticipated, including those risks detailed in the Company's filings with
the Securities and Exchange Commission, and should be read in light of these
risks. The Company assumes no obligation to update the information contained in
this news release.)
