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: dexx who wrote (267)	12/1/1997 9:13:00 AM
From: Brad	Read Replies (2) \| Respond to of 4650

ADOT Press Release this morning! "Key Developments" This came out on Business Wire this morning: ------------------------------------------------------- Advanced Optics Electronics Announces Key Developments ALBUQUERQUE, N.M. (Dec. 1) BUSINESS WIRE -Dec. 1, 1997--Consistent with their planned acquisition process, made possible by their recent funding, Advanced Optics Electronics, Inc. (OTC BB: ADOT) today announced that negotiations are moving forward rapidly to acquire 100% ownership of a "key technology" partner. Completion of this proposed acquisition would solidify the communications division of AOEI, and add substantially to AOEI's earnings. The company to be acquired is projecting first year revenues of $7 Million and pre-tax profits of $1.5 Million. A Company spokesman for Advanced Optics Electronics, Inc. stated, "We are energetically pursuing this unique and timely opportunity. This technology should allow us to maximize sales of our flat panel displays by providing customers with a broader range of use and lower operating costs. Concurrently, by creating a backup communications system, programming reliability is increased and loss of contact with each display is minimized. This proprietary technology was developed for, and is currently used in, reporting problems and monitoring flow in remote field installations including oil and gas wells, pipelines, tank fields, lighting systems, and farm irrigation pumps. By combining monitoring equipment and a patentable algorithm-imbedded micro chip, we create a unique product that can decrease the risk of pollution by alerting companies of leaks and malfunctions, subsequently reducing operations and monitoring costs. AOEI's intent is to continue sales to these industries, thus realizing significant collateral income." According to the Company's spokesman, "In addition to Advanced Optics Electronics' specific use of this technology, the already existing applications sold by this company should yield considerable revenues which we would use for production and growth." Substantial progress has been made and developments will be reported as soon as they are completed and confirmed. This press release contains forward-looking statements with respect to the results of operations and business of the company that involves risk and uncertainties. Risks and uncertainties of the Company are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. For further information see the OTC company profile at www.otcfn.com --------------------------------------