Advanced Optics Electronics Inc. Announces Results and BioModa Status.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--May 15, 2002 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 ) Wednesday announced that they are reporting results for the first quarter of 2002 ending March 31, 2002 and are pleased to report that the company was able to reduce its operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. by over 24 percent compared to the first quarter of 2001. As most investors are aware, the high-tech industry public companies have been in a free-fall in a very depressed high-tech environment over the past year. It now appears that the depressed environment may be behind us and that orders for large-ticket items from the non-consumer segment of the economy may be showing some life. This should positively impact companies such as Advanced Optics Electronics Inc. As a function of this development, ADOT will be interviewing candidates for its sales director position over the next several weeks. BioModa Inc., of which ADOT owns approximately 17.5 percent is in the process of preparing for an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . Advanced Optics Electronics Inc. will try and update ADOT shareholders through our Web site on a regular basis of this ongoing development. Advanced Optics Electronics Inc. is a technology company based in Albuquerque. The company maintains an R&D facility and manufacturing plant, and is engaged in building large-scale 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 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. (non-public) 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 approximately 17.5 percent of BioModa Inc. Contact Advanced Optics Electronics Inc. at 505/797-7878 or visit their Web site at www.adotsite.com. 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. 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 Form 10-Q See 10-Q. . |
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