PRESS RELEASE: NEON Commun Creditor Files Liens
07 Jun 07:11
Fiber Optek Announces: Disclosure of
Bankruptcy Risks By NEON Communications Inc. Prompts Filing of Liens
WAPPINGERS FALLS, N.Y.--(BUSINESS WIRE)--June 7, 2001--Due to NEON's recent
filing with the U.S. Securities and Exchange Commission on Form S-3 dated April
12, 2001, which stated, "We have experienced, and are currently experiencing,
cash flow problems. We may be required to seek protection from our creditors
under the federal bankruptcy laws," Fiber Optek, a leader in the development
and installation of fiber optic communications networks, Thursday reported that
it has taken steps to confirm its position as a secured creditor of NEON Optics
Inc., a subsidiary of NEON Communications Inc. (Nasdaq: NOPT).
Michael S. Pascazi, president of Fiber Optek, reported that the company has
filed mechanic's liens in White Plains, N.Y. upon certain real property
including optical cable networks and license agreements located in Westchester
County, N.Y. He further indicated that additional liens would be filed in the
coming days.
Copies of the filings may be viewed and downloaded at
www.fiberoptek.com/neon.
Fiber Optek, a 17-year-old private concern, has designed and installed
hundreds of fiber optic communications systems for local, county and state
government agencies, companies and educational institutions throughout the
Northeast.
Fiber Optek is a registered trademark of Fiber Optek Interconnect Corp.
CONTACT: Fiber Optek
Bruce M. Stern, Esq., 845/561-8435
www.fiberoptek.com
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS NETWORKING
TELECOMMUNICATIONS
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(END) DOW JONES NEWS 06-07-01
07:11 AM |
