Article: Sorrento Networks Executes Definitive Restructuring Agreement and Files Preliminary Proxy Statement with the SEC.

Business Editors/High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--March 7, 2003

Sorrento Networks (Nasdaq:FIBR), a leading supplier of intelligent optical networking solutions for metro and regional applications, today announced the execution of the definitive restructuring agreement with its convertible debenture holders and the Series A preferred stockholders of its optical networking subsidiary, Sorrento Networks, Inc. (SNI). The Company also announced that it filed a preliminary proxy statement with the Securities and Exchange Commission (SEC) for shareholder approval of the capital restructuring, its reincorporation as a Delaware corporation, and a new ...

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