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Biotech / Medical : Electro-Optical Systems Corp. (EOSC) -- Ignore unavailable to you. Want to Upgrade?

To: William Nelson who wrote (17)	2/3/1998 6:45:00 AM
From: richard simon	Respond to of 242

Read your thoughts on this company's stabilty or lack thereof. If you looks at the low trading of the stock, you'll see that the below one dollar was prior to the Electro Optical acquisition, inotherwords, a plain empty shell, which certainly should trade for pennies, the higher valuation it seems was after the EOSC came in to the picture. I bought this stock, two weeks-ish ago at the mid $5's, I read the company's web site (www.eosc.com), made some phone caless, etc. I own shares in Identix,(IDX), am getting tired of waiting for something meaningful to happen there!! This company could be " the new kids on the Block ", they certainly seem qualified, and are in a hot sector, I will be riding this one....Good luck to all

To: William Nelson who wrote (17)	2/3/1998 9:47:00 AM
From: Jerry Miller	Respond to of 242

Company Press Release SOURCE: Electro-Optical Systems Corporation Electro-Optical Systems Corp. Announces Entry Into Health Care Document Field ACTON, Mass., Jan. 30 /PRNewswire/ -- ELECTRO-OPTICAL SYSTEMS CORP. (OTC-Bulletin Board: EOSC) a public company, announced today that it received a Purchase Order from ADL Data Systems, Inc., a leading system integrator and software provider to the nursing home and health care industry, for an initial order of 1,000 Fingerprint Verification Units for an undisclosed price. The Purchase Order and accompanying Letter of Agreement state that upon the successful evaluation and testing of these units initially with selected ADL nursing home clients, ADL agrees to market additional units in a joint venture with EOSC to national health care sources. ADL estimates that the first year of the joint venture following the test placement could result in the sale of a minimum of 15,000 units. Under current Federal and State regulations, all nursing home patients are required to have frequent periodic assessments which must be transmitted electronically by nursing and other health care personnel. Currently these forms are coded with the personal code number of the signer, but are often the subject of fraud and abuse as well as concealing those legally responsible. EOSC's Fingerprint Verification Units will supply a cost effective and high degree of verification insuring that authorized health care personnel have personally completed these required documents. David Pollack, President of ADL stated, ''The potential market for verification of mandated health care documents is almost unlimited and justified by the potential elimination of costly fraud, negligence and the misplacing of legal responsibility. Our company is excited by this joint venture opportunity to market EOSC's technology. The potential for this most needed device is overwhelming and should add substantial profits to both ADL and EOSC.'' Charles Weaver, President of EOSC said, ''In addition to existing high performance, low cost fingerprint verification products which provide specific access only to authorized users, we look forward to our association with ADL to gain market share penetration in the health care document niche market. ADL's long established distribution channels in this market will produce a substantial marketing advantage.'' This press release contains forward-looking statements. The actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in forward-looking statement is contained in EOSC's SEC filings, including periodic reports under the Securities Exchange Act of 1934, as amended, copies of which are available upon request from the EOSC investor relations department. SOURCE: Electro-Optical Systems Corporation