To: afrayem onigwecher who wrote (1992 ) 8/16/2000 4:17:43 PM From: Sir Auric Goldfinger Respond to of 2484 Sell on the news, those converts need to hedged: "LUMENON INNOVATIVE TO OPEN MANUFACTURING FACILITY ON OCTOBER 3 8/16/0 15:40 (New York) (The following is a reformatted version of a press release issued by KCSA.) LUMENON ANNOUNCES PLANT INAUGURATION DATE ST-LAURENT, QUEBEC, August 16, 2000 - Lumenon Innovative Lightwave Technology (NASDAQ NMS: LUMM) is pleased to announce that it will be an inaugurating its new 52,000 sq.ft. manufacturing facility on October 3, 2000 at 1030 a.m. The opening will include a ceremony followed by tours of the headquarters, the manufacturing facilities, and clean room, as well as product demonstrations. Interested parties should contact Stephen Litwin at (514) 331-3738, as there will be limited space availability. About Lumenon Innovative Lightwave Technology, Inc.: Lumenon Innovative Lightwave Technology, Inc. designs, develops and builds integrated optics devices in the form of compact hybrid glass circuits on silicon chips. The, chips can dramatically boost bandwidth in fiber optic cabling, the pipeline for today's burgeoning telecommunications industry. Lumenon's breakthrough Hybrid Sol-Gel Glass technology offers telecommunications providers the ability to vastly increase their Bandwidth capacity at a fraction of the cost of conventional dense and wide wavelength division multiplexing (DWDM and WWDM) equipment. For more information about Lumenon Innovative Lightwave Technology, Inc. visit the Company's Web site at httv://www.lumenon.com. CONTACT: Stephen Litwin Investor Relations (514) 331-3738 KCSA CONTACTS: Joseph A. Mansi / Julia Dette (212) 896-1205 / (212) 896-1250 (MV) PN -END- -0- (CRL) Aug/16/2000 19:40 GMT"