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To: Glenn McDougall who wrote (7063)	3/3/2000 12:45:00 PM
From: michael	Read Replies (1) \| Respond to of 24042

We may have another Fibre Optic company here in Canada. Thursday March 2, 3:44 pm Eastern Time Company Press Release SOURCE: Allegro Property Inc. Proposed Merger of Allegro Property Inc., with Valdor Fiber Optics, Inc. CDNX Trading Symbol: ``AP' VANCOUVER, March 2 /CNW-PRN/ - The Board of Directors of ALLEGRO PROPERTY INC., (``ALLEGRO'), is pleased to announce that ALLEGRO has entered into a preliminary agreement with VALDOR FIBER OPTICS, INC., to merge their operations, subject to the receipt of approvals from the shareholders of both companies, the regulatory bodies, lenders, and from other related parties. If a Definitive Agreement is effected, ALLEGRO'S shareholders will own 51% of the combined surviving entity which will be renamed VALDOR FIBER OPTICS, INC. VALDOR FIBER OPTICS, INC., currently is a privately held high technology company specializing in the design and manufacture of fiberoptic connectors, ferrules, splices, and other interconnection components for optical switches and opto-electronic and DWDM device packaging based on its fully patented IMPACT MOUNT(TM) technology. Because of its high data rate, fiberoptics has become the standard in networks for business intercommunications, telephone systems, and the Internet. As increased worldwide demand for greater bandwidth accelerates, more systems will have to convert to fiberoptics. This will also increase the demand for all fiberoptic products, such as optical switches, opto-electronic and DWDM devices, fiberoptic cables and connectors. VALDOR FIBER OPTICS, INC., will continue to maintain its corporate headquarters at Reno, Nevada, and its Silicon Valley Sales, Research & Development office in San Jose, California. ALLEGRO PROPERTY INC., notifies readers that this Press Release may include comments that do not strictly refer to historical results or actions and may be deemed to be forward-looking within the meaning of the Safe Harbor provisions of the U.S. Federal Security Laws. Forward-looking statements involve risks and uncertainties including successful development and implementation of technology, acceptance of the company's products and services, competitive factors, new products and technological changes, and other such risks as each company may identify and discuss from time to time. Accordingly, there is no certainty that the companies' respective plans will be achieved. ON BEHALF OF THE BOARD OF DIRECTORS OF ALLEGRO PROPERTY INC. ``Vincent Eng-Chye Low' _________________________________ Vincent Eng-Chye Low Chairman & President