Exhibit 99.1
NEWS RELEASE
NOVEMBER 14, 2000 FIBERCORE MOVES TO NASDAQ
CHARLTON, Mass.--(BUSINESS WIRE)--Nov. 14, 2000--FiberCore (NASDAQ: FBCE -
news), a leading manufacturer and global supplier of optical fiber and preform
for the telecommunication and data communications markets, today announced that
it has received approval for listing on the Nasdaq SmallCap Market.
The Company expects that its common stock, which will continue to trade under
the symbol FBCE, will begin trading on the Nasdaq on November 16, 2000.
"Our move to the Nasdaq SmallCap Market represents an important milestone for
FiberCore, Inc., its shareholders and employees as we strive to enhance our
position within the rapidly growing fiber optic sector" said Dr. Aslami,
President and CEO. "Just as our superior technology has elevated our profile
within the industry, we are confident that this listing will significantly raise
our visibility in the financial community, increase liquidity, and provide
additional value." In particular, Dr. Aslami added, "our stock will now be
available to those institutional investors who have been enthusiastic about
FiberCore, but were prohibited from buying our stock in the over-the-counter
market."
For more information about the company, its products, or shareholder information
please visit our Website at: www.FiberCoreUSA.com or contact us at: Phone -
(508) 248-3900 or by FAX - (508) 248-5588 or E-Mail [email protected]
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. 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; ability to obtain
required financing; dependence on a limited number of 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.
Contact:
FiberCore, Inc.
Charles DeLuca, 508/248-3900
[email protected]
