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Fiber Optic Systems Technology Inc.

11:47 AM EST - Fiber Optic Systems Technology Inc. : reported a third-quarter net loss of $933,000 or $0.02 per share compared to a net loss of $897,000 or $0.02 per share last year. The company said it is currently working with investment bankers on various funding arrangements and plans to announce those arrangements prior to the end of the calendar year. Fiber Optic Systems Technology Inc. shares V.FOX are trading up $0.005 at $0.12.