Due in Less Than 30
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Business Editors
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Jan. 13, 2004--Advanced Optics
Electronics Inc. (OTCBB: ADOT)
COLOR-CHEK, an innovative and cost-effective color speech
processor under joint development with Advanced Optics Electronics
Inc. and a JV partner, will be ready for demonstration of a
production-quality prototype by Feb. 6, 2004. The subcontractor
working with ADOT has provided management an update in order to
prepare a demonstration for certain key institutional investment
entities. Pricing of COLOR-CHEK is set at a very modest level to
enable the vision impaired to make this purchase with or without
insurance help.
*************.com, a technical stock advisory letter, posted its
recommendation of ADOT on 1-7-04. "We note with interest that this is
the second investment service which is following our company's
progress," stated Michael Pete, the president of Advanced Optics
Electronics Inc.
Biomoda Inc. (30 percent held directly and indirectly by ADOT) is
on track with regulatory agencies. Trading, initially on the NASDAQ
OTC Bulletin Board market, is pegged to commence in 30 days or
less.
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 percent 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.
--30--TWT/ix*
CONTACT: Advanced Optics Electronics Inc., Albuquerque
505-797-7878
www.adotsite.com
KEYWORD: NEW MEXICO
INDUSTRY KEYWORD: MEDICAL COMPUTERS/ELECTRONICS PRODUCT
SOURCE: Advanced Optics Electronics Inc.
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Jan-13-2004 13:30 GMT
Symbols:
US;ADOT
Source BW Business Wire
Categories:
MST/I/EEI MST/I/MTC MST/L/EN MST/R/US/NM MST/S/PDT TGT/BWN
quote:
Originally posted by emunahstock:
how much will biomedia going public on the otc effect adots stock price?
Will assess the charts and the news!
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Matthew Taber