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PEACHTREE FIBEROPTICS, INC. COMPLETES INITIAL PUBLIC OFFERING

 ATLANTA, Nov. 17 ~PRNewswire~ -- Peachtree FiberOptics, Inc. announced that it has successfully completed an initial public offering of 1,110,000 shares of common stock and 555,000 warrants for the purchase of common stock, raising approximately $3.5 million.
 The stock and warrants will trade on NASDAQ under the symbols "PFII" and "PFIIW," respectively, and the Boston Stock Exchange under the symbols, "PFI" and "PFIW," respectively. The offering was successfully managed by J.W. Charles Securities, Inc. and Corporate Securities Group, Inc. of Boca Raton, Fla. Peachtree FiberOptics, Inc. is engaged in the development of plastic optical fiber using a proprietary manufacturing process, and sells under its own name, state-of-the-art custom designed machinery that is produced by FiberOptic Machinery Company, Inc. for use in manufacturing wire, cable and glass fiber.
 -0- 11~17~92
 ~CONTACT: Thomas W. Tripp, chief financial officer of Peachtree FiberOptics, Inc., 404-449-6091~
 (PFII)


CO: Peachtree FiberOptics, Inc. ST: Georgia IN: SU: OFR

CF-BN -- AT009 -- 1798 11~17~92 11:31 EST
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Publication:PR Newswire
Date:Nov 17, 1992
Words:166
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