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To: StocksDATsoar who wrote (123440)11/26/2003 9:55:06 AM
From: Bidder  Respond to of 150070
 
ADOT NEWS!
Advanced Optics Electronics, Inc. Adds Senior Financial Analyst to Expedite JVs and Acquisitions; Color-Chek Units to be donated for Institutional Testing
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26 November 2003, 08:31am ET

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Nov. 26, 2003--Advanced Optics Electronics, Inc. (OTCBB:ADOT) announced the appointment of Daniel Pierpont to the position of senior financial analyst for the Company.

The executive staff's enlargement including the addition of Mr. Pierpont coincides with the Company's gearing up for the utilization of it restructured financial posture and greatly improved balance sheet. Joint ventures, acquisitions and business opportunities all restricted to allied businesses will be reviewed and, if thought to be desirable by the Board, acted on without delay.

Mr. Pierpont, MBA, London School of Economics is well experienced with a number of publicly held companies, primarily in New England.

Development of the Company's Color-Chek unit is proceeding on schedule with the evaluation of additional uses for this innovative application aimed at beta testing by year end. The market for the vision impaired who stand to benefit from the availability of the Color-Chek unit is extremely large. After a preliminary manufacturing run, a number of units will be donated to various institutions for testing by their members.

BIOMODA, Inc. (of which ADOT directly and indirectly owns and controls 30%) is nearing the completion of its capital raise phase and will be shortly completing its last part of its regulatory process. Joint ventures are set to be announced shortly.

Mentioned Last Change
ADOT 0.0169 (Unchanged)
In view of the upcoming economic upturn, ADOT also is in the process of reviewing applications for a senior or lead electronic engineer to help in the upgrade of the development of certain new applications for data and image transmissions on its outdoor displays.

Advanced Optics Electronics, Inc. is establishing an in-house legal department to assist with regulatory filings and compliance, negotiations in joint ventures and patent protection and perfection.

Advanced Optics Electronics, Inc. (ADOT - OTC: BB) 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. is a company that holds patents and patents pending domestically and internationally for the early detection of Lung Cancer. ADOT currently holds directly and indirectly 30% 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 review 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

SOURCE: Advanced Optics Electronics, Inc.