TEL AVIV, Israel, Oct. 2, 2008 (GLOBE NEWSWIRE) -- Orckit (NasdaqGM:ORCT - News) will release third quarter 2008 results on the morning of Wednesday, November 12, 2008. Following the release, Mr. Izhak Tamir, President, and Mr. Uri Shalom, Chief Financial Officer would like to invite you to participate in a conference call scheduled for Wednesday, November 12, 2008, at the times indicated below.

To participate, please call the following teleconferencing numbers. Please begin placing your calls 5 minutes before the hour:

                        Domestic: 1- 888-459-5609
                     International: 1- 973-321-1024
                         Conference ID: 66472829
                                    At:
                    9:00 a.m. Eastern Standard Time
                    6:00 a.m. Pacific Standard Time
                           4:00 p.m.  (Israel)

For those unable to participate, there will be a replay available from November 12, 2008 at 11:00 p.m., EST, through November 19, 2008 at 11:59 p.m., EST.

Please call:

                       Domestic: 1-800-642-1687
                     International: 1-706-645-9291
                     ID Code for Replay: 66472829

This call will be available as a Webcast on http://www.orckit.com and http://www.kcsa.com, and will be archived for 30 days.

About Orckit Communications

Orckit Communications Ltd. is a leading provider of advanced telecom equipment targeting high capacity broadband services. Our products include Corrigent's CM product line of metro optical transport solutions, based on RPR and MPLS technologies, delivering packet transmission services in the metro area. For more information on Orckit see http://www.orckit.com

          KCSA Strategic Communications
	  Meghan Garrity
	  212-896-1224
	  mgarrity@kcsa.com