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


To: Tadsamillionaire who wrote (4541)3/22/2000 6:09:00 PM
From: SCOOBEY-DO  Read Replies (1) | Respond to of 4650
 
Advanced Optics Electronics Inc. -- Progress Report

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--March 22, 2000--Advanced Optics Electronics Inc. (OTC BB: ADOT) announces a series of significant business events occurring in the past sixty days.

-- Beta testing will be conducted on ADOT's initial display in the next 60-75 days.

-- Subsequently, pre-production will begin to fill orders that have accumulated in the last three months.

-- There are a number of requests for the licensing of certain aspects of ADOT technology.

-- ADOT has filed an additional patent relating to pulse width modulation.

-- The company's shares are now trading on the Hamburg Stock Exchange - Risk Section.

-- ADOT has just completed a financing with a private placement of a convertible preferred issue.

-- As a fully reporting company, ADOT has just filed its 1999 10K.

Advanced Optics Electronics Inc. (OTC Bulletin Board: ADOT) is a developer of patented electronic display technology, utilizing ADOT's proprietary SLM (Spatial Light Modulator).

This industry-leading technology can be utilized in many diverse fields including the production of flat panel electronic high brightness advertising billboards, medical testing equipment, military displays and high definition video 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 20 percent of BioModa Inc.

ADOT also owns and has an option to purchase up to 25% of WIZARD Technologies Inc., (WTI) a fiber optics development company.

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
Web Site: adot.org