Advanced Optics Electronics, Inc. Announces Biotech Holdings New Website
Wednesday February 12, 8:30 am ET
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Feb. 12, 2003--Advanced Optics Electronics, Inc. (OTCBB:ADOT - News) announces that Biomoda, Inc.'s new website is now in place reflecting the thrust and development of the early lung cancer detection company's initial effects and its patent development.
Upon completion of the Biomoda's SB-2 filing, this site will also reflect the latest breaking Biomoda's developments which have been temporarily curtailed due to regulatory requirements.
Advanced Optics Electronics Inc. is on track to announce the actual date of the beginning of its buy back of its common shares. This buy back as the company mentioned in December would take place sometime in the first quarter of 2003.
Advanced Optics Electronics Inc. will be providing additional information regarding its agreement with the helmet mounted display developer within the next ten days. In addition to the military, development of this helmet mounted display would also help in the entertainment and gaming industries.
Advanced Optics Electronics, Inc. (OTCBB:ADOT - News) is a technology company based in Albuquerque, New Mexico. The company maintains an R&D facility and manufacturing plant, and is engaged in building large-scale flat panel displays utilizing its patented and patent pending technology.
In addition to the core business of ADOT, the company has made a strategic technology oriented investment in BIOMODA, Inc. BIOMODA, Inc. (non public) is a company that holds patents and patents pending domestically and internationally for the early detection of Lung Cancer. ADOT currently holds approximately 18 1/2% of BIOMODA, Inc.
This news release contains forward-looking statements that involve a high degree of risk and uncertainty. Such statements include, but are not limited to, statements containing the words "believes," "anticipates," "expects," "estimates," and words of similar import. The Company's actual results could differ materially from any forward-looking statements, which reflect management's opinions only as of the date of this report, as a result of risks and uncertainties that exist in our operation, development efforts and business environment. The Company undertakes no obligation to revise or publicly release the results of any revisions to these forward-looking statements. You should carefully reviews the risk factors in other documents that the Company files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q.
--------------------------------------------------------------------------------
Contact:
Advanced Optics Electronics, Inc.
505/797-7878
www.adotsite.com
biz.yahoo.com |
