Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP), an innovative supplier of fiber optic components, subsystems and integrated modules for the optical network equipment market, today announced that it will raise its revenue guidance for the quarter ended June 30, 2007. For the 2nd quarter of 2007, the Company expects to report net sales above $8.3 million, exceeding previously stated revenue guidance provided in the first quarter conference call. This revenue level represents approximately 34% growth compared with the year ago quarter. The Company's higher than anticipated net sales in the second quarter of 2007 primarily reflects stronger than expected demand from customers. Detailed financial results for the second quarter as well as the outlook for the third quarter of 2007 will be provided, when complete second quarter end results are announced on a conference call to be held in the week of July 23, 2007. In addition to the guidance update, AFOP is pleased to announce the signing of Hakuto Co, Ltd. as our new representation partner for Japan. Hakuto has a long established and esteemed presence with Japanese technology customers and will offer AFOP improved capabilities to sell our innovative products in the Japanese market. About AFOP Founded in 1995, Alliance Fiber Optic Products, Inc. designs, manufactures and markets a broad range of high performance fiber optic components and integrated modules. AFOP's products are used by leading and emerging communications equipment manufacturers to deliver optical networking systems to the long-haul, enterprise, metropolitan and last mile access segments of the communications network. AFOP offers a broad product line of passive optical components including interconnect systems, couplers and splitters, thin film DWDM components and modules, fixed and variable optical attenuators, and depolarizers. AFOP is headquartered in Sunnyvale, California, with manufacturing and product development capabilities in the United States, Taiwan and China. AFOP's website is located at http://www.afop.com. Except for the historical information contained herein, the matters set forth in this press release, including statements as to our future prospects, our beliefs regarding factors contributing to quarterly results, our ability to control expenses, our ability to improve operational efficiencies, our order trends and customer activity, and expected revenue growth and increased net profits, are forward looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to general economic conditions and trends, the impact of competitive products and pricing, timely introduction of new technologies, timely design acceptance by our customers, the acceptance of new products and technologies by our customers, customer demand, the timing of customer orders, loss of key customers, ability to ramp new products into volume production, industry-wide shifts in supply and demand for optical components and modules, industry overcapacity, failure of cost control initiatives, financial stability in foreign markets, and other risks detailed from time to time in our SEC reports, including AFOP's Form 10-Q for the quarter ended March 31, 2007. These forward-looking statements speak only as of the date hereof. AFOP disclaims any intention or obligation to update or revise any forward-looking statements.
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