FiberCore Moves To NASDAQ.Business Editors CHARLTON, Mass.--(BUSINESS WIRE)--Nov. 14, 2000 FiberCore (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 : FBCE FBCE First Baptist Church Euless (Texas) ), a leading manufacturer and global supplier of optical fiber and preform pre·form tr.v. pre·formed, pre·form·ing, pre·forms 1. To shape or form beforehand. 2. To determine the shape or form of beforehand. n. 1. 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 (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. . "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 over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. ." 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 FiberCore@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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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