Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: scion who wrote (4641)	11/11/2004 1:01:08 PM
From: Tadsamillionaire	Read Replies (2) \| Respond to of 4650

Advanced Optics Electronics Inc. has Press Preview of COLOR-CHEK to Aid Vision Impaired Thursday November 11, 8:30 am ET Goal is to Offer Affordable Instant Color ID Units for Vision Impaired biz.yahoo.com ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Nov. 11, 2004--On Tuesday, Nov. 2, 2004, Advanced Optics Electronics Inc. (OTCBB: ADOT - News) demonstrated a prototype of its patent applied for COLOR-CHEK device developed to provide instant identification of a large range of colors for the vision impaired. The following newspaper article appeared Monday: "Albuquerque Journal, Monday, Nov. 8, 2004, Business Outlook, page 3 Colors for the Blind, by Andrew Webb (Of the Journal) Advanced Optics Electronics, Inc. an Albuquerque firm developing large video displays, said it plans to launch a line of handheld devices to help visually impaired people discern colors. The firm last week announced it had applied for patents for its Color-Chek device, which officials said could help the estimated 10 million Americans with some form of visual impairment match clothes, identify medications and perform other tasks independently. The device could eventually find other uses, such as paint matching and cosmetics and such industrial applications as component sorting, said Advanced Optics Electronics, Inc. vice president of finance, John Cousins. The firm has manufactured several prototypes of the Color-Chek, which uses sensors and software to detect 24 colors on a photographer's color chart and then relay them to the user in either a male or female voice. A retail version, expected to be finished next year, is being designed to detect 64 to 128 colors, said executive vice president, Leslie Robins. The device which will be about the size of a mobile phone, is expected to enter field testing next spring and be ready for sale in fall of 2005, he said. The Color-Chek will cost about $90, far less than existing systems costing more than $300, making it more accessible to the consumer market, Robins said. Founded in 1997, Advanced Optics Electronics, Inc. has yet to turn a profit. Robins said the firm was nearing the first sales of its outdoor, billboard-size video displays. The company has been trying to market that device for several years. The company, which trades on the bulletin board as ADOT.OB, reported losses of $860,000 for the quarter ended June 30." Advanced Optics Electronics Inc. is a technology company based in Albuquerque, N.M. 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. at 505-797-7878 or visit their Web site at www.adotsite.com. biz.yahoo.com -------------------------------------------------------------------------------- Contact: Advanced Optics Electronics Inc., Albuquerque 505-797-7878 www.adotsite.com -------------------------------------------------------------------------------- Source: Advanced Optics Electronics Inc.

To: scion who wrote (4641)	3/17/2005 7:40:29 AM
From: Tadsamillionaire	Respond to of 4650

Trading Harsh Words: Ex-VP's Postings Lead to Lawsuit ALBUQUERQUE, N.M., Feb 28, 2005 (Albuquerque Journal - Knight Ridder/Tribune Business News via COMTEX) -- A city penny stock company and one of its former vice presidents are locked in a legal battle over what can -- and cannot -- be said on the Internet. Advanced Optics Electronics is suing Susan Blumenthal, a former vice president for communications for subsidiary company Biomoda, for $13.5 million. The suit claims she has posted false accusations online that have hurt business and ADOT's stock price. Founded in 1996, the business says it is developing large flat-panel displays for outdoor signs and other applications. It has yet to complete a commercial installation of the technology. Blumenthal, a freelance writer living in Placitas, has countersued ADOT and Biomoda for an unspecified sum, alleging the companies and their attorneys' "frivolous and malicious" lawsuits have damaged her reputation and cost her time and money. She claims her comments are protected under the First Amendment. 1,200 posts The ADOT suit in Albuquerque's Second Judicial District Court said that between July 2003 and November 2004, Blumenthal made more than 1,200 anonymous posts to www.RagingBull.com, an online forum where posters discuss the performance of various company stocks. The suit said her posts contained numerous false allegations of stock fraud involving ADOT, Biomoda and company executives. The suit said she has accused the company of operating a so-called "pump and dump" stock scheme and of issuing fake press releases. It said Blumenthal's "public campaign to purposely harm ADOT and Biomoda and their respective shareholders" has had a negative effect on the company's stock. The suit said Biomoda is in the final stages of an initial public offering, and "is concerned about its ability to raise investment funds in light of the attacks." ADOT has a $600,000 investment, or about a 35 percent ownership share, in Biomoda, which is working to commercialize lung cancer detection technology developed at Los Alamos National Laboratories. The two firms share executive officers and office space in Albuquerque. Blumenthal said she observed a six-month moratorium on speaking about the company after reaching a 2003 settlement regarding unpaid wages, and that she never directly alleged wrongdoing by the company or its officers as other posters to the online forum Raging Bull have done. "I just posted press releases and (Securities and Exchange Commission) filings so investors would have information so they could make the right decision," she said. For example, when the company would issue a news release saying it was close to releasing a product, she would post previous company news releases saying the same thing but going back years. Charles Armgardt, an attorney for ADOT and Biomoda, contends her statements about the company exceed the bounds of the First Amendment. "As Oliver Wendell Holmes once said, the right of free speech does not mean one can falsely shout fire in a crowded theater or commit libel and slander," he said. "In our society, speech has to be delivered lawfully." CEO keeps quiet ADOT CEO Leslie Robins declined comment for this story but did say his company was on track for completing its first commercial billboard contract early this tear. In 2000, Robins told the Journal ADOT had finished the prototype board and had six orders on the books. The ADOT suit alleges that Blumenthal's postings led to others posting death threats to company officials. For instance, the suit cites one posting on March 25(2004) in which a poster using the moniker "inkogkneeetoe" wrote that company executives "will taste the anthrax." The suit said Blumenthal encouraged the threatening posts, in one case asking for inkogkneeetoe's e-mail address "apparently so she could provide the whereabouts of ADOT management." Blumenthal says she only asked for the poster's e-mail in case the poster wanted to participate in a class-action lawsuit, should one be filed against the company, and that some of her comments were taken out of context to suggest encouragement. The legal issues surrounding what people can say in chat rooms and bulletin boards are still relatively new. Judges in past lawsuits against so-called "cybersmearing" have largely ruled in favor of maintaining the anonymity of Internet posters, and many such cases have been dismissed. But one company CEO involved in a recent Miami case against a Raging Bull poster has managed to track down the identities and reach settlements with four cybersmearers, according to Law.com, an online clearinghouse of legal information and journalism. New frontier "This bulletin board type stuff is relatively new in the financial reporting markets," said Richard Follingstad, CEO and chief investor for Marketspace Financial. "So there is no past litigation to create some type of guideline on defamation of character." Most sophisticated investors ignore such Internet chatter, he said. Blumenthal posted on Raging Bull under the alias "athena_sword." She said she told another Raging Bull poster her real identity, and the poster then revealed it to others on the bulletin board. Blumenthal's screen name and posts were removed by Raging Bull in January. She writes an online blog in which she chronicles the ongoing lawsuits and company activities. "It would be easier to print a retraction on Raging Bull and have it all go away," she says. "But as Americans, we have a responsibility to alert people to situations we think may not be right, and they can make their own decisions. I've done this for the public interest." pinksheets.com