Agoracom: Small Cap Investment - Fiber Optic Systems Technology Inc.

Welcome To The Fiber Optic Systems Technology Inc. HUB On AGORACOM

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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

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DannyD

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FOX-TEK Announces Q2 Results

posted on Aug 25, 2009 09:39AM

FOX-TEK Announces Q2 Results and the Annual Grant of Options to Board of Directors

TSX Venture Exchange symbol: FOX

TORONTO, Aug. 25 /CNW Telbec/ - Fiber Optic Systems Technology, Inc. ("FOX- TEK"), (TSX-V: FOX), a developer and manufacturer of patented non-intrusive sensing systems, today announced Q2 results from operations and the annual grant of options to its Board of Directors.

FOX-TEK reported year-to-date revenues of $395,000 compared to $240,000 in the same period of 2008. Operational costs were reduced by $620,000 from $1,431,000 in Q2 2008 to $811,000 in Q2 2009 and this expenditure level is reflective of management's ongoing expectation for the coming quarters. The net loss for Q2 2009 was $784,000 or $.02 per share, compared to a net loss of $1,320,000 or $.03 per share in the same quarter of 2008.

At our current level of sales, FOX-TEK has sufficient funds to operate for the next 7 months. The Company has begun to actively pursue various financing alternatives. In conjunction with this, management has engaged a consultant to help facilitate with strategic transactions including possible mergers and acquisitions and the raising of additional capital.

Effective August 20, 2009, FOX-TEK has granted a total of 390,000 options to the directors. The options have an exercise price of $0.10 in compliance with regulatory standards. The closing price of FOX-TEK's shares on August 19, 2009 was $0.08. Director's options vest in six equal quarterly installments. All the options will expire five years from the date of grant.

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