Optical Cable Corp. announces third quarter profits projected up 50%; large new government projects total $1.25 million

Business Wire, July 23, 1996

ROANOKE, Va.--(BUSINESS WIRE)--July 23, 1996--Optical Cable Corp. (NASDAQ: OCCF) announced today that it expects third quarter net income before taxes to be up approximately 50% over the same period 1995.

Third quarter results should be released around Sept. 15. Business levels continue to be on or above expectations with a strengthening order input.

"The company has been awarded three separate projects for the US government totalling $1.25 million. Our international business also continues at a very strong and accelerating pace," said Robert Kopstein.

Optical Cable Corp. manufactures and markets a broad range of fiber optic cables for "high bandwidth" transmission of data, video and audio communications over moderate distances. Optical Cable Corp.'s cables can be used both indoors and outdoors and utilize a tight-buffered coating that protects the optical fiber. -0-

Note: Further information on Optical Cable Corp. is available through our website on the Internet as follows: http://www.occfiber.com

CONTACT: Optical Cable Corp., Roanoke

Ken Harber, 540/265-0690, KHARBER@OCCFIBER.COM or

Robert Kopstein, 540/265-0690, KOPSTEIN@OCCFIBER.COM