Advanced Optics Electronics Inc. Announces New Director and Shareholder Vote.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--May 2, 2000 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 ) Tuesday announced: 1. Advanced Optics Electronics Inc. is gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. at the overwhelming vote at ADOT's Annual Meeting for the increase of the authorized shares. The final vote was 94.39 percent for and 5.30 percent against and .32 percent abstention ABSTENTION, French law. This is the tacit renunciation by an heir of a succession Merl. Rep. h.t. , of total votes cast. 2. The company is pleased to welcome as a director of Advanced Optics Electronics Inc. Richard A. Josephberg. Josephberg has been a investment analyst at Goldman Sachs. He was also a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Josephberg is a principal in the investment and merchant banking firm of Josephberg Grosz grosz n. pl. gro·szy See Table at currency. [Polish, from Czech gro & Co. Inc. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . ADOT is looking forward to its association with Josephberg and having him help maximize ADOT's corporate values. 3. ADOT is currently reflecting at least six interests in orders for flat panel displays. At this point in time, this is without any formalized marketing department. The company anticipates setting up a marketing department soon. 4. Advanced Optics Electronics Inc. has just received a renewal of its option to purchase additional shares in BioModa Inc. BioModa Inc. is a privately held biotech company focusing on the early detection of lung cancer. The option expires in March 2005. Advanced Optics Electronics Inc. is a developer of patented and patent pending electronic display technology, utilizing ADOT's proprietary technology. This industry-leading technology can be utilized in many diverse fields including the production of advertising billboards, medical equipment, military displays, computer monitors and high definition video transmission. 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. |
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