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PEACHTREE FIBEROPTICS, INC. ANNOUNCES ACCEPTANCE OF PATENT APPLICATION

 NORCROSS, Ga., June 14 /PRNewswire/ -- Peachtree Fiberoptics, Inc. (NASDAQ: PFII) is pleased to announce the U.S. patent office in Washington has accepted the company's application for patent regarding a proprietary process for the manufacture of step-index plastic optical fiber. The company has been previously notified of the acceptance of its patent application for a proprietary process used for the manufacture of graded-index plastic optical fiber.
 Mr. Kenneth C. Taylor, Peachtree chairman and CEO, stated, "This is an extremely favorable development for the company as it removes a technical legal barrier which prevented Peachtree from soliciting plastic optical fiber sales." The company's illumination POF has been evaluated and accepted by a sign manufacturer and a number of other customers are being actively solicited.
 The company believes that the markets for POF are expanding and will substantially increase over the next three to five years. Peachtree's business development strategy is to focus on domestic users of plastic optical fiber.
 In related news, Peachtree has completed its move into the new 37,000 square foot headquarters and production facility which is located in Norcross. This new facility has been designed specifically to handle all of the company's plastic optical fiber production needs.
 Peachtree Fiberoptics, Inc. is traded on the NASDAQ under the symbols PFII (common) and PFIIW (warrants), and on the Boston Stock Exchange under the symbols PFI and PFIW respectively. The company is engaged in the manufacture of plastic optical fiber using a proprietary production process.
 -0- 6/14/93
 /CONTACT: Arthur C. Knorr, of Peachtree Fiberoptics, Inc., 404-449-6091, or Parrish B. Ketchmark, of Howard Bronson & Company, 212-867-6160, for Peachtree Fiberoptics/
 (PFII)


CO: Peachtree Fiberoptics, Inc. ST: Georgia IN: SU:

LR-MP -- NY019 -- 1465 06/14/93 09:20 EST
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Publication:PR Newswire
Date:Jun 14, 1993
Words:288
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