To: Joe Copia who wrote (75254 ) 12/22/2000 10:00:53 AM From: Kevin Clarke Respond to of 150070 BIG News for FBCE after the bell yesterday.biz.yahoo.com Thursday December 21, 5:08 pm Eastern Time Press Release FiberCore Announces $ 20 Million Multi-Year Contract CHARLTON, Mass.--(BUSINESS WIRE)--Dec. 21, 2000--(NASDAQ: FBCE - news) FiberCore, a leading manufacturer and global supplier of optical fiber and preform for the telecommunication and data communication markets, today announced that it has entered into a contract from an existing South American customer valued at approximately $ 20 million, all of which is guaranteed under a ``take or pay'' provision. This order will be shipped throughout 2001, 2002, and 2003 from Xtal; FiberCore's newly acquired facility in Brazil. In addition to their standard multi-mode and single-mode fiber, the Company also offers GigaGrade multi-mode fibers which are optimized to provide long link lengths at Gigabit speeds in laser-based systems, and guarantees high bandwidths when used with LED's (using overfilled launch). The company also offers a line of ValuGrade® and EconoGrade® optical fibers. These fibers are available in single-mode and multi-mode designs, and are ideally suited for Feeder Loop, Fiber-to-the Curb, (FttC), Fiber-to-the Home (FttH) and Fiber-to-the Desk (FttD) applications. For more information about the company, its products, or shareholder information please visit our Website at: www.FiberCoreUSA.com or contact us at: Phone - (508) 248-3900 or by FAX - (508) 248-5588 or E-Mail 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 Securities Litigation Reform Act of 1995. They are based on the Company's current expectations and are subject to a number of risks and uncertainties. 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 limited number of 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.