To: GARY P GROBBEL who wrote (301 ) 1/23/2001 10:12:58 PM From: GemSeeker Respond to of 120415 How about LMGR Related QuotesLMGR.OB 2 1/32 -5/32 delayed 20 mins - disclaimerGet QuotesMonday December 18, 4:29 pm Eastern Time Press Release The Light Management Group Inc. - Announcement BURLINGTON, Ontario--(BUSINESS WIRE)--Dec. 18, 2000--The Light Management Group Inc. (OTCBB:LMGR - news) is very pleased to announce that at its upcoming December 20 industry demonstration, the Company will debut the world's first commercial fiber-optic switch based on its acousto-optic technology. ``This switch is a major innovation in the industry,'' says LMGR President Don Iwacha, ``and it should have great impact in telecommunications, data transmission, and internet technology.'' This device, originally designed by LMGR Chief Engineer Gennadii Ivtsenkov, Ph.D, can form the basis of an optimal fiber-optical line communication network. The optical lines employing LMGR's proprietary commutator can carry 10 Gigabytes of information per second, in comparison to 50 Kbits over phone lines -- i.e., two million times as quickly. LMGR's Fiber-Optical Line Switch does not have any mechanical parts and uses the electronically and computer controlled acousto-optical deflector set, which can randomly connect the channels from the array to the single fiber-optical line, resulting in extremely fast switching times - of not more than a few microseconds. The commutator can be inverted randomly, connecting any single line from the input array with the single output line. ``This switch is quite something,'' says Iwacha. ``The LMGR switch is extremely compact, and can be easily modified to fit the requirements of end-users. This acousto-optic switch resolves one of the major bottlenecks surrounding all-optical network systems.'' Says LMGR CEO and Chairman Barrington Simon, ``We believe that LMGR's Fiber-Optic Switch is a most significant advance. It is commercially viable now, and we are ready to take orders.'' The demonstration will be held at the Burlington Convention Centre's Tyandaga Room, 1120 Burloak Drive in Burlington, Ontario. ``This December 20 event is specifically aimed at the fiber-optic industry,'' says Iwacha. ``LMGR management expects to conduct other, more general briefings early in 2001, including one to be held at the Optical Fiber Communication Conference and Exhibit in Anaheim, California this coming March.'' LMGR is a Nevada corporation specializing in the development of new applications of optical and light technologies. LMGR's breakthrough technology employs sound waves to focus and direct lasers. Note: This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by LMGR with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including potential fluctuations in financial results, dependence on new product development, rapid technological and market change, failure to complete the manufacture of network equipment on schedule and on budget, financial risk management and future growth subject to risks, and adverse changes in the regulatory or legislative environment. LMGR undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.