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PEACHTREE FIBEROPTICS ANNOUNCES REVENUES FOR ELEVEN MONTH PERIOD

 NORCROSS, Ga., April 15 /PRNewswire/ -- PEACHTREE FiberOptics Inc. (NASDAQ: PFII) announced today that revenues for the eleven month period from inception on Feb. 18, 1992 through Dec. 31, 1992 were $1,885,000. As a result of initial start-up costs, and an estimated one-time charge to earnings of $1,000,000 related to the discontinuation of its custom machinery manufacturing business, the company incurred a net loss of $1,894,000 which represents a loss of $1.10 per share.
 Mr. Kenneth C. Taylor, PEACHTREE chairman and CEO, stated, "the losses to date have resulted from the development and refinement of the POF manufacturing process and a one-time reserve related to the termination of the company's relationship with FiberOptics Machinery Company, Inc. (FMCI) in the custom machinery manufacturing business. With the termination of this relationship, the company can now focus all of its resources toward the introduction of our plastic optical fiber (POF), which is currently planned for the second quarter of 1993. The delay in offering fiber to the marketplace has been the result of issues related to the filing of a patent for our proprietary processing technology."
 PEACHTREE FiberOptics, Inc. is traded on NASDAQ under the symbols PFII (common stock) and PFIIW (warrants), respectively, and on the Boston Stock Exchange PFI and PFIW, respectively. The company is engaged in the development of plastic optical fiber using a proprietary manufacturing process.
 -0- 4/15/93
 /CONTACT: Kenneth C. Taylor, 404-449-6091, or Parrish B. Ketchmark, 212-867-6160, both for Peachtree FiberOptics Inc./
 (PFII)


CO: PEACHTREE FiberOptics ST: Georgia IN: TLS SU: ERN

TM-LD -- NY119 -- 6534 04/15/93 18:56 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
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