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Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose -- Ignore unavailable to you. Want to Upgrade?

To: walleye who wrote (4423)	9/29/1999 9:57:00 AM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 4650

Advanced Optics Electronics Inc. Announces Fiber Optics Acquisition ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Sept. 29, 1999--Advanced Optics Electronics Inc. (OTC BB:ADOT) has just announced the purchase of a large minority interest in New Mexico based WIZARD Technologies Inc. (WTI). WTI 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. WTI is led by Dr. Mohsen Shahinpoor, a Ph.D. in electronics and Dr. Albert Goodman, a Ph.D. with a background in optics and electronics who formerly held positions at Los Alamos National Laboratories and Sandia National Laboratories. "WTI expects to contribute to the growth of ADOT as well as create a niche for itself in the fiber optics switching area," stated Shahinpoor and Goodman. 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 transmission. In addition to the core business of ADOT, the company has identified and placed a strategic and high potential return investment in BioModa 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. The new 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. CONTACT: Advanced Optics Electronics Inc., Albuquerque 505/797-7878 www.adot.org