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

To: annkath who wrote (4565)	9/19/2000 9:51:57 AM
From: SCOOBEY-DO	Respond to of 4650

Advanced Optics Electronics Inc., Signs Financing Deal for U.S. $10 Million With U.S. and European Institutional Investors Albuquerque, N.M.--(BUSINESS WIRE)--Sept. 19, 2000--Advanced Optics Electronics Inc.(Nasdaq: ADOT) Tuesday announced that it has closed a financing transaction to bring in additional equity capital totaling at least $10 million U.S. Financing was provided by an investor group led by New York and London investors. "I am delighted to be working with this international group of investors," said Leslie S. Robins, chairman and chief executive officer of Advanced Optics Electronics Inc. "They are of the highest caliber, and will contribute much to Advanced Optics Electronics Inc. with their experience and expertise. "Advanced Optics Electronics Inc. is now solidly positioned to develop our markets and production capacity and focus on becoming a leader in providing large-scaled flat panel displays. This is a very important development in the evolution of Advanced Optics Electronics Inc. and insures our future growth." Advanced Optics Electronics Inc. is a technology company based in Albuquerque. 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. ADOT currently holds three patents or patents pending. This industry-leading technology can be utilized in many diverse fields including the production of High Definition Television quality advertising billboards. 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. This news release contains forward-looking statements with respect to the results of operations and business of the company that involves risks 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 adotsite.com. CONTACT: Advanced Optics Electronics Inc., Albuquerque 505/797-7878