Fiber Optek takes steps to protect investment with Neon Communications Inc.

June 11, 2001
June 11, 2001--Fiber Optek, a provider of development and installation of fiber optic communications networks, reported it has taken steps to confirm its position as a secured creditor of NEON Optics Inc.

Due to NEON's recent filing with the U.S. Securities and Exchange Commission on Form S-3 dated April 12, 2001, which stated, "We have experienced, and are currently experiencing, cash flow problems. We may be required to seek protection from our creditors under the federal bankruptcy laws," Fiber Optek, a provider of development and installation of fiber optic communications networks, reported it has taken steps to confirm its position as a secured creditor of NEON Optics Inc., a subsidiary of NEON Communications Inc. (Nasdaq: NOPT).

Michael S. Pascazi, president of Fiber Optek, reported that the company has filed mechanic's liens in White Plains, N.Y. upon certain real property including optical cable networks and license agreements located in Westchester County, N.Y. He further indicated that additional liens would be filed in the coming days.

Copies of the filings may be viewed and downloaded at www.fiberoptek.com/neon.

About fiber Optek:

Fiber Optek has designed and installed fiber optic communications systems for local, county and state government agencies, companies and educational institutions throughout the Northeast. For more information, visit www.fiberoptek.com.

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