Activity in OCCF stock.ROANOKE, Va.--(BUSINESS WIRE)--Aug. 6, 1996--Optical Cable Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : OCCF OCCF Oklahoma City Community Foundation OCCF Operator Communication Control Facility ) is responding to potential reasons for the significant increased volume in our stock "OCCF". Several press releases lately have covered improving business levels noted as follows: 1. The Company has been awarded three separate projects for the US government totalling $1.25 million. The optical fiber used in these projects or similar ones shall be supplied by Spectran (NASDAQ: SPTR SPTR South Pole TDRS Relay (NASA) ). The business levels at Spectran, one of our key suppliers of high quality optical fibers, should track any increased activity at Optical Cable Corporation. 2. Order input for the month of July was $4.75 million, setting a new record monthly high. "Order input continues to strengthen at an accelerating pace. Strategic relationships and prior efforts expended ex·pend tr.v. ex·pend·ed, ex·pend·ing, ex·pends 1. To lay out; spend: expending tax revenues on government operations. See Synonyms at spend. 2. over the past 24 months is driving all market segments ahead," said Robert Kopstein. 3. The Company expects the net income before taxes for the third quarter ended July 31, 1996 to be up approximately 55% over the same period 1995. Third quarter results should be released around September 15th. All market segments are very strong. 4. Robert Kopstein, President/CEO of Optical Cable Corporation was featured on the front cover of the August issue of VIRGINIA BUSINESS magazine just released yesterday. This feature article on the Company, its' background, and how they went public was covered. This monthly publication has a circulation of approximately 150,000 and is sold at magazine counters throughout Virginia and greater DC metropolitan areas. 5. The significant short position in "OCCF" of approximately 560,000 shares is causing a possible "short squeeze Short Squeeze A situation in which a lack of supply and an excess demand for a traded stock forces the price upward. Notes: Short squeezes occur more often in smaller cap stocks with small floats. " as individuals rush to cover their position. 6. Optical Cable Corporation supplied a variety of military style cables for remote broadcasting at various events during the Olympic Games Olympic games, premier athletic meeting of ancient Greece, and, in modern times, series of international sports contests. The Olympics of Ancient Greece Although records cannot verify games earlier than 776 B.C. . Fiber optic cables Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power from our company shall be utilized at the Republican National Convention and the Democratic National Convention for live broadcasting to the world. NOTE: Further information on Optical Cable Corporation is available through our website on the Internet as follows: http://www.occfiber.com CONTACT: Optical Cable Corporation Ken Harber, 540/265-0690, KHARBER@OCCFIBER.COM or Robert Kopstein, 540/265-0690, KOPSTEIN@OCCFIBER.COM |
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