ADOT expects to become a fully reporting company with the SEC as of July 15, 1998.
Here is a link to an overview post on the ADOT thread:
Message 3657055
NEWS JUST OUT ON ADOT TO INITIATE A BUY-BACK OF SHARES !!!
biz.yahoo.com
NEWS OUT !!! BUSINESS WIRE PRESS RELEASE !!!
Advanced Optics Electronics Initiates Buy-Back of Company Shares
Company Also Reports Addition of Noted Scientific Consultant to Optics Division
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--June 11, 1998--Advanced Optics Electronics, Inc. today announced that management has begun a buy-back program of the Company's shares on the open market.
Advanced Optics' management believes that the Company's shares are currently undervalued, and that a buy-back of shares at current market prices represents an opportunity for the Company to benefit itself and ADOT shareholders. Advanced Optics plans to retire all repurchased shares, thus bringing an increase in earnings and book value to the Company.
The Company will continue its buy-back program for as long as management feels its shares are underpriced. Advanced Optics will regularly update its Web site, www.adot.org, with information pertinent to this buy-back program.
Advanced Optics also announced that Dr. Garth Gobeli, a noted physics expert, has joined the Company as a full-time consultant in the area of optics-electronics. Dr. Gobeli will provide a wealth of experience in helping us further improve our state-of-the-art design and fabrication in the areas of illumination and imaging. Advanced Optics' goal is to stay at the forefront of optics electronics technology.
Dr. Gobeli most recently worked as a senior scientist in the Physical Optics Group at Sandia National Laboratories and as research physicist at Bell Laboratories in Murray Hill, NJ.
Advanced Optics Electronics, Inc. (OTC BB: ADOT - news) 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. Advanced Optics Electronics actively seeks partnerships with companies in fields that could benefit from ADOT's patented technology. ADOT also owns in excess of 27% of Biomoda, Inc., an emerging biotechnology company specializing in breakthrough cancer diagnostics and therapy. Advanced Optics Electronics, Inc. has retained first right of refusal to design, manufacture and distribute the necessary scanning testing devices for the lung cancer tests using Advanced Optics Electronics' proprietary display technology.
This press 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. at (505) 797-7878 or visit their web site at adot.org.
--------------------------------------
Cheryl
|
