Fiber Optic Systems Technology, Inc. - Correction of August 16, 2007 Release



    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.




For further information:

For further information: Investor Relations contact: Renmark Financial
Communications Inc.: Barry Mire: bmire@renmarkfinancial.com; Christine
Stewart: cstewart@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717;
www.renmarkfinancial.com

Organization Profile

FIBER OPTIC SYSTEMS TECHNOLOGY, INC. (FOX-TEK)

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