Director of Sales and Marketing Added to Team.CHARLTON, Mass.--(BUSINESS WIRE)--Aug. 24,1998--FiberCore, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. , Symbol FBCE FBCE First Baptist Church Euless (Texas) ), Charlton, Massachusetts, announced the addition of Mr. Bob Sebesto to its management team as Director of Global Sales and Marketing. Mr. Sebesto formerly held the position of Global Business Manager with AMP, Incorporated of Harrisburg, PA. Bob has extensive experience in the field of fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber with an excellent track record of accomplishments with his previous employers, AMP, Berk-Tek, ITT ITT Initial Teacher Training (UK) ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) Cannon and Pirelli Cable. We are confident that he will make a significant and valuable contribution in our efforts to achieve our global objectives. FiberCore manufactures optical fiber and preform for the data and telecommunications industries. Headquartered in Charlton, MA, the Company has a manufacturing facility in Jena, Germany, which was expanded significantly during 1997. It's joint venture FiberCore Asia, is in the process of constructing a manufacturing facility in Malaysia to serve the Pacific Rim market. FiberCore Asia's facility will be located at the Multimedia Super Corridor (MSC (1) (MSC.Software Corporation, Santa Ana, CA, www.mscsoftware.com) Founded in 1963 by Richard H. MacNeal and Robert G. Schwendler, MSC is the world's largest provider of mechanical computer aided engineering (MCAE) strategies, simulation software and services. ) between Kuala Lumpur and the new Kuala Lumpur International Airport Kuala Lumpur International Airport (KLIA) (IATA: KUL, ICAO: WMKK) is Malaysia's main international airport and is situated in Sepang district, in the south of the state of Selangor, about 50 km from the capital city, Kuala Lumpur. . Dr. Mohd Aslami, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of FiberCore said that complementing the company's strong manufacturing commitment in becoming a significant global supplier of multimode and singlemode optical fiber and preform, we are building a strong worldwide sales force. The addition of Mr. Bob Sebesto to the FiberCore management team is a key step in achieving this goal. For more information about the Company, please contact Shareholder Relations at: Phone - 508/248-3900 or by FAX - 508/ 248-5588 or E-Mail fbce@hey.net, fbce@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 Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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; 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.
Shareholder Relations, 508/248-3900
fbce@hey.net
fbce@aol.com
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