TSX Venture Exchange symbol: FOX
TORONTO, Aug. 17 /CNW Telbec/ - Fiber Optic Systems Technology, Inc.
("FOX-TEK"), (TSX-V: FOX)
The net loss reported for Q2 2006 should have been a loss of $1,431,000
as opposed to a loss of $1,241,000, as originally issued inadvertently.
As a result the paragraph should have read:
FOX-TEK reported revenues of $445,000 compared to $24,000 in the same
quarter 2006. The increase reflects the results of the company's successful
introduction of FT Sensor technology to the Russian and Saudi markets and a
strong start for sales of PinPoint EFM systems. The net loss for Q2 2007 was
$1,241,000 or $.03 per share, compared to a net loss of $1,431,000, or $.04
per share in the same quarter 2006.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
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For further information: Investor Relations contact: Renmark Financial
Communications Inc.: Barry Mire: email@example.com; Christine
Stewart: firstname.lastname@example.org, (514) 939-3989, Fax: (514) 939-3717;