SI
SI
discoversearch

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: Popiye who wrote (3049)2/8/1999 9:16:00 AM
From: ksuave  Read Replies (4) | Respond to of 4650
 
Monday February 8, 8:45 am Eastern Time
Company Press Release
Advanced Optics Electronics Inc. Announces They Have Become Fully Reporting
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Feb. 8, 1999--Advanced Optics Electronics Inc. (OTC BB:ADOT) Monday announced that they have become a fully reporting company under the SEC 1934 Act.

The company has recently filed a 10Q with the SEC.

The company has expanded its physical facility to approximately 5000 square feet from the previous 2500 square feet. This is to allow for the production and assembly of the company's patented flat panel displays.

Advanced Optics Electronics Inc. has recently been notified by BioModa Inc. (which it holds 22.8 percent and has an option to increase the position to 26.4 percent) that BioModa is entertaining offers for significant financing. Also BioModa has recently signed marketing agreements or R & D agreements with the following countries; Korea, Australia and Romania.

Advanced Optics Electronics Inc. is a developer of patented electronic display technology, utilizing ADOT's proprietary SLM (Spatial Light Modulator) light valve. This industry-leading technology can be utilized in many diverse fields including the production of ''television quality'' advertising billboards, medical testing equipment, military displays, computer monitors and high definition video transmission.

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 22.8 percent of BioModa Inc. with an option to increase that position to 26.4 percent. BioModa Inc. intends to do an IPO within the next two years.

Note to Editors: This News Release contains forward-looking statements with respect to the results of operations and business of the company that involves risk 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.

Advanced Optics Electronics Inc. at 505/797-7878 or visit their Web site at www.adot.org.

--------------------------------------------------------------------------------

This is huge! Watch this baby fly now.