ADOT - BIOMODA: Profitable Technology with Purpose Message Board

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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose

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To: Shadow who wrote (4425)	9/30/1999 4:24:00 PM
From: SCOOBEY-DO	Read Replies (1) of 4650

Advanced Optics Electronics Inc. Announces Additional Information ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Sept. 30, 1999--Advanced Optics Electronics Inc. (OTC BB: ADOT) announced yesterday the purchase of a large minority interest in New Mexico based WIZARD Technologies Inc., a developer of fiber optics switch (patent pending) technology where WIZARD has identified at least four sub-markets in telecommunications. More detail on this strategically important investment will be released in the coming weeks along with information on a significant transaction involving Advanced Optics Electronics' biotech holding. Advanced Optics Electronics also announced today a minor delay in its scheduled display delivery, due principally to the impact on a subcontractor of the recent earthquake in Taiwan. The company still intends to meet its fourth quarter customer commitments. Advanced Optics Electronics Inc. is a developer of patented electronic display technology, utilizing ADOT's proprietary SLM (Spatial Light Modulator) light valve. This industry-leading technology can be utilized in many diverse fields including the production of television quality advertising billboards, medical testing equipment, military displays, computer monitors and high definition video transmission. In addition to the core business of Advanced Optics Electronics, the company has identified and placed a strategic and high potential return investment in BioModa Inc. and WIZARD Technology Inc. BioModa Inc. is a company that holds patents and patents pending domestically and internationally in the technology for early detection of lung cancer. ADOT currently holds approximately 21 percent of BioModa Inc. WIZARD is a developmental stage company with in-depth experience in optics development, particularly in the development of fiber optics switches. The market for fiber optics switches is estimated by WTI to be in excess of $5 billion. Fiber optics switches would be incorporated in the expanded development of signal switches for remote display panel locations. This news release contains forward-looking statements with respect to the results of operations and business of the company that involves risk and uncertainties. The company's actual future results could materially differ from those discussed. Risks and uncertainties of the company will be detailed from time to time in the company's periodic reports to be filed with the Securities and Exchange Commission. CONTACT: Advanced Optics Electronics Inc., Albuquerque 505/797-7878

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