Fiber Systems Consolidates Shareholdings

ALLEN, Texas -- Daniel C, Roehrs, President and CEO of Fiber Systems International, Inc. today announced that Michael R. Roehrs, founding majority shareholder and former Chairman of the Board of Directors of FSI, has entered into an agreement with certain of the Company’s minority shareholders to consolidate ownership of the outstanding shares of FSI. FSI, based in Allen, Texas, designs, manufactures and markets fiber optic connectors and related components for specialized engineering, telecommunications, data processing, military weaponry and other high technology military, industrial and commercial applications.

Michael Roehrs, who founded the company in 1993, and Daniel Roehrs, the current CEO, acknowledged that this ownership consolidation of the company’s stock represented the first step in a business plan aimed at enhancing the company’s already profitable operations by way of seeking greater command of existing markets and establishing a group of new, select product lines.

President Daniel Roehrs acknowledged, “Michael’s innovative management and engineering was instrumental in the company’s growth and success during its formative years; and, laid the groundwork for a great opportunity for all of us here at FSI. We regard Michael’s decision to consolidate the Company’s ownership as a positive step for both management and operations, and a source of new opportunities for FSI’s shareholders.”

Fiber Systems International Inc.