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To: Softechie who wrote (26556)	6/7/2001 2:34:10 PM
From: Softechie	Read Replies (1) \| Respond to of 37746

DJ NEON Commun Liens -2:Neon Commun Cited Cash Flow Problems 07 Jun 07:58 WAPPINGERS FALLS, N.Y. (Dow Jones)--A creditor of Neon Optics Inc., a unit of Neon Communications Inc. (NOPT), filed mechanic's liens against the company on certain real property. In a press release Thursday, creditor Fiber Optek cited concern about Neon Communications' April 12 Securities and Exchange filing in regard to cash flow problems as it took steps to confirm its position as a Neon Optics secured creditor. In the April 12 SEC filing, Neon Communications filed to sell up to $25 million common shares, preferred shares, debt and warrants. The company planned to use proceeds for operating costs, capital expenditures and working capital. "We have experienced, and are currently experiencing, cash flow problems," Neon Communications said. "We may be required to seek protection from our creditors under the federal bankruptcy laws." Fiber Optek indicated in its release Thursday it would file additional liens in the coming days. The property cited in the latest mechanic's liens include optical cable networks and license agreements in Westchester County, N.Y. Fiber Optek, a trademark of Fiber Optek Interconnect Corp., designs and installs fiber optic communications systems. Neon Communications provides high-bandwidth fiber optic transmission capacity. Fiber Optek Web site: fiberoptek.com -Lisa Reynolds; Dow Jones Newswires; 201-938-5400 (END) DOW JONES NEWS 06-07-01 07:58 AM