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Advanced Optics Electronics Sets 'COLOR-CHEK' for Demonstration; Biomoda Trading
Due in Less Than 30 Days
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.
KEYWORD: NEW MEXICO INDUSTRY KEYWORD: MEDICAL COMPUTERS/ELECTRONICS PRODUCT SOURCE: Advanced Optics Electronics Inc.
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Adot stock seems to move alot based on any news. As the Biomedia IPO gets closer we will see alot more PR's. Based on this alone, I think ADOT will continue rise. But thats just my opinion.
quote:Originally posted by emunahstock: how much will biomedia going public on the otc effect adots stock price?
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I own plenty of adot. Would appreciate more opinions. I noticed that they now say they have 18% of biomedia, didn't they have 30% before? 18% is still a lot.
Posts: 973 | From: usa | Registered: Aug 2003
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I've been holding ADOT for awhile. I bought at .005, and I'm holding until I see 8 cents. I've said that from day one. There should be a pretty good jump next month. I still think this company has a great future ahead of it. Who knows I might hold on to this even longer then I plan. My best wishes to all of you.
------------------ Matthew Taber
Posts: 172 | From: long beach, California, united states | Registered: Sep 2003
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