Advanced Optics Electronics Announces Key Developments.ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Dec. 1, 1997--Consistent with their planned acquisition process, made possible by their recent funding, Advanced Optics Electronics, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: 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 ) today announced that negotiations are moving forward rapidly to acquire 100% ownership of a "key technology" partner. Completion of this proposed acquisition would solidify the communications division of AOEI, and add substantially to AOEI's earnings. The company to be acquired is projecting first year revenues of $7 Million and pre-tax profits of $1.5 Million. A Company spokesman for Advanced Optics Electronics, Inc. stated, "We are energetically pursuing this unique and timely opportunity. This technology should allow us to maximize sales of our flat panel displays A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time by providing customers with a broader range of use and lower operating costs operating costs npl → gastos mpl operacionales . Concurrently, by creating a backup communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. , programming reliability is increased and loss of contact with each display is minimized. This proprietary technology was developed for, and is currently used in, reporting problems and monitoring flow in remote field installations including oil and gas wells, pipelines, tank fields, lighting systems, and farm irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice. pumps. By combining monitoring equipment and a patentable algorithm-imbedded micro chip, we create a unique product that can decrease the risk of pollution by alerting companies of leaks and malfunctions, subsequently reducing operations and monitoring costs. AOEI's intent is to continue sales to these industries, thus realizing significant collateral income." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Company's spokesman, "In addition to Advanced Optics Electronics' specific use of this technology, the already existing applications sold by this company should yield considerable revenues which we would use for production and growth." Substantial progress has been made and developments will be reported as soon as they are completed and confirmed. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. with respect to the results of operations and business of the company that involves risk and uncertainties. Risks and uncertainties of the Company are detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. For further information see the OTC company profile at www.otcfn.com CONTACT: The Consilium Lynne Sifford, 305/856-5668 |
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