Advanced Optics Electronics, Inc. Adds Senior Financial Analyst to Expedite JVs and Acquisitions; Color-Chek Units to be donated for Institutional Testing.Business Editors/High-Tech Writers ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Nov. 26, 2003 Advanced Optics Electronics, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADOT ADOT Arizona Department Of Transportation ADOT Alaska Department of Transportation ADOT Fédération des Associations pour le Don d'Organes et de Tissus Humains ADOT Active Duty Other Than Training ADOT Automatic Digital Optical Tracker ADOT Advanced Display Optimization Tools ) announced the appointment of Daniel Pierpont to the position of senior financial analyst for the Company. The executive staff's enlargement including the addition of Mr. Pierpont coincides with the Company's gearing up for the utilization of it restructured financial posture and greatly improved balance sheet. Joint ventures, acquisitions and business opportunities all restricted to allied businesses will be reviewed and, if thought to be desirable by the Board, acted on without delay. Mr. Pierpont, MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden is well experienced with a number of publicly held companies, primarily in New England. Development of the Company's Color-Chek unit is proceeding on schedule with the evaluation of additional uses for this innovative application aimed at beta testing (programming) beta testing - Testing a pre-release (potentially unreliable) version of a piece of software by making it available to selected users. This term derives from early 1960s terminology for product cycle checkpoints, first used at IBM but later standard throughout the by year end. The market for the vision impaired who stand to benefit from the availability of the Color-Chek unit is extremely large. After a preliminary manufacturing run, a number of units will be donated to various institutions for testing by their members. BIOMODA, Inc. (of which ADOT directly and indirectly owns and controls 30%) is nearing the completion of its capital raise phase and will be shortly completing its last part of its regulatory process. Joint ventures are set to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. shortly. In view of the upcoming economic upturn, ADOT also is in the process of reviewing applications for a senior or lead electronic engineer to help in the upgrade of the development of certain new applications for data and image transmissions on its outdoor displays. Advanced Optics Electronics, Inc. is establishing an in-house legal department to assist with regulatory filings and compliance, negotiations in joint ventures and patent protection and perfection. Advanced Optics Electronics, Inc. (ADOT - OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : BB) is a technology company based in Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. . 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 lung cancer, cancer that originates in the tissues of the lungs. Lung cancer is the leading cause of cancer death in the United States in both men and women. Like other cancers, lung cancer occurs after repeated insults to the genetic material of the cell. . ADOT currently holds directly and indirectly 30% 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. |
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