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PEACHTREE FIBEROPTICS, INC. REPORTS FIRST QUARTER RESULTS

 NORCROSS, Ga., June 11 /PRNewswire/ -- Peachtree Fiberoptics, Inc. (NASDAQ: PFII) announced today that for the three months ended March 31, 1993, custom machinery revenues were $881,054 as compared to custom machinery revenues of $67,245 for the period from inception (Feb. 18, 1992) through March 31, 1992. The net loss for the period decreased to $199,062, equal to $.07 per share, compared to a loss of $285,519, or $.22 per share for the period from inception through March 31, 1992. As of April 15, 1993, the company suspended custom machinery sales and marketing activities and focused its efforts entirely on plastic optical fiber.
 Looking to the remainder of 1993, the company plans to commence sales of its illumination POF product and continue to develop plastic optical fiber for use in communications applications.
 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 PFIIW respectively. The company is engaged in the manufacture of plastic optical fiber using a proprietary production process.
 -0- 6/11/93
 /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, Inc./
 (PFII)


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

TS-MG -- NY059 -- 1219 06/11/93 16:44 EST
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Publication:PR Newswire
Date:Jun 11, 1993
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