Advanced Optics Electronics Inc. Announces Release of Audited Financials and 10K.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--March 26, 2002 Advanced Optics optics, scientific study of light. Physical optics is concerned with the genesis, nature, and properties of light; physiological optics with the part light plays in vision; and geometrical optics with the reflection and refraction of light as encountered in the study 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 ) announces that it has filed its 10K which includes audited financials for 2001. Through an extensive and vigilant cost management initiative, the company was able to reduce expenses by approximately 120 percent. The company anticipates over the coming year to convert most of its existing convertible debenture Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. obligations to convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". , which will enhance the company's equity position and balance sheet. Advanced Optics Electronics Inc. also states that it is in the process of engaging an investment banking firm whose primary charge will be to maximize shareholder value. The following are instructions on how to access the 10K via the Internet:
How to Look Up Forms for ADOT
Step 1: TYPE IN WEB SITE:
WWW.SEC.GOV
Step 2: UNDER FILINGS & FORMS (EDGAR):
CLICK ON SEARCH FOR COMPANY FILINGS
Step 3: UNDER GENERAL PURPOSE SEARCHES:
CLICK ON QUICK FORMS LOOK UP
Step 4: ENTER COMPANY NAME:
ADVANCED OPTICS ELECTRONICS INC.
A list of all filings will appear on screen.
This news 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. 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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