<PAGE>
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact: Fred Pilon, Investor Relations
StockerYale, Inc.
603-893-8778
[email protected]
---------------
STOCKERYALE ANNOUNCES TWO-FOR-ONE STOCK SPLIT
SALEM, N.H., July 6, 2000--StockerYale, Inc. (NASDAQ:STKR), today announced that
its Board of Directors has approved a two-for-one stock split to be paid in the
form of a stock dividend. The stock split will increase the number of
StockerYale shares outstanding to approximately 8 million shares.
The new shares will be distributed on July 31, 2000 to stockholders of record as
of the close of business on July 17, 2000. The company expects that its
outstanding common stock will begin to trade on a post-split basis on August 1,
2000. The transfer agent for the share distribution will be Boston EquiServe,
LP, Boston, Massachusetts, telephone: (781) 575-3400.
"In light of our strong growth in 2000, our recent acquisition of CorkOpt of
Ireland, and the formation of our Optical Communication Component group,
StockerYale is please to announce today's stock split. We believe that this
split will broaden the ownership of StockerYale's shares, particularly by
individual investors--an important and growing segment of StockerYale's
shareowner base," said Mark Blodgett, CEO of StockerYale.
ABOUT STOCKERYALE
StockerYale, Inc., headquartered in Salem, NH, designs and manufactures optical
communication components used in the building of optical networks as well as
structured light lasers, specialized fiber optic, fluorescent, and LED
illumination products for the machine vision and industrial inspection
industries.
StockerYale serves a widely varied, international customer base from its
corporate offices in Salem and reinvests a significant percentage of its
revenues in R&D to meet the future requirements of its customers. StockerYale
has subsidiaries in Roseville, Michigan; Montreal, Canada; Cork, Ireland; and
Singapore.
For more information about StockerYale, Inc. and their innovative products,
contact StockerYale, Inc., 32 Hampshire Rd., Salem, NH 03079; Call 800-843-8011;
Fax 603-893- 5604; or e-mail [email protected]. Information is also available
on the company's web
<PAGE>
site at www.stockeryale.com.
NOTICE TO INVESTORS:
This press release contains forward-looking statements that do not give full
weight to all the potential risks, but relate to StockerYale's plans,
objectives, and expectations, which are dependent upon a number of factors
outside of StockerYale's control including, but not limited to: market
acceptance of StockerYale's products, the availability of competing products,
and the trading price of StockerYale's common stock. Thus, actual results may
differ materially.
