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PEACHTREE FIBEROPTICS SIGNS $650,000 SALES CONTRACT

 ATLANTA, Nov. 17 ~PRNewswire~ -- Peachtree FiberOptics, Inc. (P FI) (NASDAQ: PFII PFIIW; Boston) announced the signing of a sales contract with a glass optical fiber manufacturer for two new draw towers totaling $650,000.
 Expected delivery dates for this sale are January and April 1993. With this order, the sales order backlog as of Oct. 31 increased to $1.228 million. PFI had revenues of $1.3 million for the period from inception (Feb. 10, 1992) to July 31, 1992.
 PFI is also pleased to announce that Kenneth C. Taylor, its president and chief executive officer, was recently named chairman of the Plastic Optical Fiber Interest Group (POFIG). POFIG is a recently organized group with the primary objectives of promoting the use of plastic optical fiber in new applications and markets worldwide, and stimulating the establishment of standards for plastic optical fiber.
 Peachtree FiberOptics, Inc. is traded on NASDAQ under the symbols PFII (common stock) and PFIIW (warrants), respectively, and on the Boston Stock Exchange under the symbols PFI and PFIW, respectively. The company, located in Atlanta, 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: CON PER

EA-BN -- AT010 -- 1799 11~17~92 11:33 EST
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Publication:PR Newswire
Date:Nov 17, 1992
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