Date: Thu, 20 Nov 1997 23:48:46 GMT Server: Apache/1.1.1 Content-type: text/html Content-length: 6800 Last-modified: Fri, 31 Oct 1997 18:09:56 GMT Optical Cable Corporation: Public Press Releases


October '97 Press Releases

INC Magazine Cover
June 1997 - Inc. Magazine

The Hottest Small-Company IPO's
Robert Kopstein on the cover of
Jan/Feb 1997 cover story in
'Bloomberg Personal' magazine






October 30, 1997


Optical Cable Corporation Announces Stock Repurchase Program


Optical Cable Corporation (NASDAQ:OCCF) today announced that its Board of Directors has authorized the repurchase of up to $5 million of the Company's common stock in the open market or in privately negotiated transactions. At current prices, this would represent over 540,000 shares equaling 1.4% of total common shares outstanding or 20% of the 2.7 million shares in the Company's float. The price to be paid, timing of purchases and the manner of purchases will be at the discretion of management.

Robert Kopstein, President and Chief Executive Officer, said, "The decision to repurchase our shares reflects management's continued confidence in our business and in our strengthening global position within the fiber optic cable industry."

Optical Cable Corporation 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 Corporation's cables can be used both indoors and outdoors and utilize a tight-buffered coating that protects the optical fiber.

Note: This news release contains certain forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those projected or forecasted. Such risks and uncertainties include, but are not limited to, those disclosed in the Company's Annual Report and Form 10-K for fiscal year 1996.

To receive additional information on Optical Cable Corporation, via fax, at no charge, dial 1-800-PRO-INFO and enter code OCCF. Or use this link
to get an updated OCCF Stock Quote.

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E-Mail:

Ken Harber, VP Finance - kharber@occfiber.com
Robert Kopstein, President/CEO - kopstein@occfiber.com


If you or any of your friends or associates would like to read or print a copy of the prospectus, our prospectus is available to download on the internet at the following address:
http://www.occfiber.com/public.pdf

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E-mail: sadams@occfiber.com ............... http://www.occfiber.com

Optical Cable Corporation,
                                         P.O. Box 11967 *   Roanoke, VA 24022-1967 USA,
                              Phone (540) 265-0690 * Fax (540) 265-0724,
                                    Sales Dept. (800) 622-7711