SHORT INTEREST CHANGES IN OCCF; CONSTRUCTION UPDATE ON NEW FACILITY; NEW INVESTOR RELATIONS SERVICES.ROANOKE, Va.--(BUSINESS WIRE)--Dec. 31, 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 ) announced today that short interest in OCCF has started to decline in December from 766,597 shares down to 750,122. As Optical Cable Corporation continues to post improving earnings reports it becomes very risky for short interest players to stay around. The new facility construction is nearing completion with exterior painting in progress along with interior wallpaper and carpeting yet to be finished. As mentioned in an earlier press release, the new facility will have a very minimal impact on earnings. The Company has just hired the services of the Financial Relations Board to handle various investor relations Investor relations The process by which the corporation communicates with its investors. tasks. These include finding people to write research reports, informing many retail stock brokers about OCC OCC See: Options Clearing Corporation OCC See Options Clearing Corporation (OCC). and the industry that we are in, and to find various institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. in the small and micro cap funds along with key money managers. The Company has appeared in several articles recently including the last two issues of Barron's, the Washington Post, and last Sunday's edition of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times. "The Company has gone through a very exciting year in 1996, but 1997 shall prove to be even better with more aggressive positioning," said Robert Kopstein. -0- 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, Roanoke Ken Harber, 540/265-0690, KHARBER@OCCFIBER.COM Robert Kopstein, 540/265-0690, KOPSTEIN@OCCFIBER.COM |
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