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To: LTK007 who wrote (68)	2/16/2000 12:16:00 PM
From: Steven Finkel	Read Replies (1) \| Respond to of 275

Fibercore posts 100% increase in US sales: Wednesday February 16, 9:10 am Eastern Time Company Press Release FiberCore Announces 2000 North American Contracts CHARLTON, Mass.--(BUSINESS WIRE)--Feb. 16, 2000--FiberCore, Inc. (Symbol FBCE). FiberCore, a leading manufacturer of optical fiber and preform for the telecommunication and data communications markets, with production facilities in Jena, Germany has secured contracts from several existing customers for single-mode and multi-mode optical fiber. These products will be shipped throughout 2000 and are a continuation of existing orders. The value of these orders is approximately $ 5.0 million. This represents an increase of over 100% from the 1999 level of sales into the North American market. FiberCore continues to increase its market share in most markets including the Western Europe and North America. FiberCore, in addition to the standard multi-mode and single-mode fiber that meet the highest industry specifications, also markets product lines of ValuGrade© and EconoGrade© optical fibers. These fibers are available in single-mode and multi-mode designs, and are ideally suited to provide the required bandwidth for Internet applications. For more information about these or other products, the Company, or shareholder information please visit our Website at: http:\\www.FiberCoreUSA.com or contact us at: Phone - (508) 248-3900 or by FAX - (508) 248-5588 or E-Mail fbce@meganet.net or FiberCore@aol.com Except for the historical matters discussed above, the statements in this press release are forward looking and are made pursuant to the ``safe harbor' provisions of the Private Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain general economic and business conditions; loss of market share through competition; introduction of competing products by other companies; changes in industry capacity; pressure on prices from competition or from purchasers of the Company's products; availability of qualified personnel; ability to obtain required financing; dependence on a single manufacturing facility and limited suppliers; the loss of any significant customers; and other factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: FiberCore, Inc. Dr. Mohd A. Aslami 508-248-3900 FBCE1MAA@aol.com