CHARLTON, Mass. -- FiberCore, Inc. (Nasdaq: FBCEE), a leading manufacturer and global supplier of optical fiber and preform for the telecommunication and data communications markets, today announced that on June 17, 2003 it received a notification of delisting from Nasdaq. The delisting will be effective as of the open of business on June 19, 2003. The Company is being delisted because it failed to comply with the shareholders' equity, market value of listed securities and net income from continuing operations requirements for continued listing on the Nasdaq SmallCap Market.

The Company's securities will immediately be eligible to trade on the OTC Bulletin Board under the symbol FBCE, effective with the open of business on June 19, 2003. The Company's securities were previously traded on the OTC Bulletin Board in 2000, prior to the Company being listed on the Nasdaq SmallCap.

FiberCore Inc.