ROANOKE, Va.,
The Exporter of the Year award recognizes fifteen U.S. companies for their commitment to international sales. The companies honored were chosen based on a number of criteria, including the number of export deals completed in 2007, the percentage increase in export sales in 2007 compared to the prior year, exports as percentage of total sales, commitment to exporting, commitment to customer service, and innovation and originality in marketing products or services.
Management Comments
"Optical Cable is honored to be a recipient of the 2008 Exporter of the
Year award. We thank our loyal customers and commend the Optical Cable sales
team whose efforts made this achievement possible," said
"At the core of Optical Cable's growth and value creation strategy is
selling products on a worldwide basis. Our international sales team has
successfully executed on this strategy and increased our export business-
selling to customers in 56 countries with sales outside of the U.S.
representing approximately 28% of our total sales in fiscal 2007," stated
Company Information
Optical Cable Corporation is a leading manufacturer of fiber optic cables primarily sold into the enterprise market, and the premier manufacturer of military ground tactical fiber optic cables for the U.S. military. Founded in 1983, Optical Cable Corporation pioneered the design and production of fiber optic cables for the most demanding military field applications, as well as fiber optic cables suitable for both indoor and outdoor use. The Company's current broad product offering is built on the evolution of these fundamental technologies, and is designed to provide end-users with fiber optic cables that are easy and economical to install, provide a high degree of reliability and offer outstanding performance characteristics. Optical Cable Corporation sells its products worldwide for uses ranging from commercial and campus installations to customized products for specialty applications and harsh environments, including military applications. The Company manufactures its high quality fiber optic cables at its ISO 9001:2000 registered and MIL-STD- 790F certified facility located in Roanoke, Virginia.
Further information about Optical Cable Corporation is available on the World Wide Web at www.occfiber.com.
FORWARD-LOOKING INFORMATION
This news release by Optical Cable Corporation (the "Company") may contain
certain "forward-looking" information within the meaning of the federal
securities laws. The forward-looking information may include, among other
information, (i) statements concerning the Company's outlook for the future,
(ii) statements of belief, anticipation or expectation, (iii) future plans,
strategies or anticipated events, and (iv) similar information and statements
concerning matters that are not historical facts. Such forward-looking
information is subject to risks and uncertainties that may cause actual events
to differ materially from the Company's expectations. Factors that could cause
or contribute to such differences include, but are not limited to, the level
of sales to key customers, including distributors; timing of certain projects
and purchases by key customers; the economic conditions affecting network
service providers; corporate and/or government spending on information
technology; actions by competitors; fluctuations in the price of raw materials
(including optical fiber); the Company's dependence on a single manufacturing
facility; the Company's ability to protect its proprietary manufacturing
technology; market conditions influencing prices or pricing; the Company's
dependence on a limited number of suppliers; the loss of or any dispute with
one or more key suppliers or customers; an adverse outcome in litigation,
claims and other actions, and potential litigation, claims and other actions
against the Company; an adverse outcome in regulatory reviews and audits and
potential regulatory reviews and audits; adverse changes in state tax laws
and/or positions taken by state taxing authorities affecting the Company;
technological changes and introductions of new competing products; changes in
end-user preferences of competing technologies, including copper cable and
wireless, relative to fiber optic cable; economic conditions that affect the
telecommunications sector, certain technology sectors or the economy as a
whole; terrorist attacks or acts of war, and any current or potential future
military conflicts; changes in the level of military spending by the
AT THE COMPANY: Neil Wilkin Michael R. Newman President & CEO Vice President of Sales, International (540) 265-0690 (540) 265-0690 investorrelations@occfiber.com sales@occfiber.com AT JOELE FRANK, WILKINSON BRIMMER KATCHER: Andrew Siegel Jaime Wert (212) 355-4449 ext. 127 (212) 355-4449 ext. 173 asiegel@joelefrank.com jwert@joelefrank.com
SOURCE Optical Cable Corporation