Advanced Optics Electronics, Inc. Announces Investment Opinion
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Dec. 20, 1999--
Advanced Optics Electronics, Inc. Announces coverage by
SmallcapNewswire.com Web Site and Investment Opinion
Advanced Optics Electronics, Inc. (OTC BB: ADOT) announced today that coverage has been initiated by SmallcapNewswire.com, a financial news portal and wholly owned subsidiary of the Equitable Group, including the addition of Advanced optics Electronics as a feature company to its web site. SmallcapNewswire.com is a unique investment resource for information and breaking news, direct access to online trading, stock quotes, market news and for providing assistance in the participation of online investment offerings. Advanced Optics Electronics will be featured in the site's high-impact, e-mail based newsletter to subscribers. This weekly publication focuses on the most up-to-date information and comprehensive coverage of emerging microcap companies.
CORPORATE SUMMARY
Advanced Optics Electronics, Inc. (OTC BB: ADOT) is a developer of patented electronic display technology utilizing its 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. The Albuquerque, New Mexico based company maintains an R&D facility and manufacturing plant, where it is engaged in the development, production and sales of its novel and innovative flat panel displays utilizing ADOT's patented technology. Established in 1996, the Company's initial product, scheduled for delivery in early 2000, is targeted at the outdoor advertising industry. Replacing static billboards, the cutting edge product will provide flat panel displays with crisp, flicker - free images. ADOT's turnkey package manages billboard graphics from a remote access terminal, enabling advertisers to sell billboard time, as they would radio or TV ads.
STRATEGIC RELATIONSHIPS
In addition to the core business of ADOT, the Company has identified and placed a strategic and high potential return investment in a privately held company, BioModa Inc. The biotech company holds patents pending domestically and internationally in the technology for early detection of lung cancer. ADOT currently holds approximately 21 percent of BioModa Inc. Advanced Optics Electronics also recently announced acquisition of its purchase of a large minority interest in WIZARD Technologies, Inc., (WTI) a fiber optics development company. The initial ownership and option position by the Company equates to a maximum of 25% of WTI. ADOT expects WIZARD to contribute to Advanced Optics Electronics, Inc. substantially over the next 2 to 3 years.
A complete corporate profile for Advanced Optics Electronics may be found at smallcapnewswire.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions, and all statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document. These cautionary statements expressly qualify all such forward-looking statements made by or on behalf of Advanced Optics Electronics Inc. In addition, Advanced Optics Electronics and The Equitable Group, Inc. disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: The Equitable Group Inc.
561/995-1482
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