Advanced Optics Electronics Inc. Improves Cash Position in FY 2000.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--March 13, 2001 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 that its cash (liquidity) position has improved more than 70 percent at the end of fiscal year 2001 at Dec. 31, 2000, compared to the previous fiscal year. Total assets also increased more than 45 percent in FY 2000 compared to FY 1999. "The financial environment has been difficult and many high technology companies have taken a significant downturn," said Leslie Robins, chairman. "We are pleased that despite this environment we have made excellent progress in developing our full-motion, multi-patented flat panel display 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 custom-made for outdoor advertising." Robins also said that Advanced Optics Electronics is in discussions to sell its strategic holdings in the private biotechnology company, BioModa Inc., which has developed a technology for 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. . "This transaction, if completed, would contribute a substantial amount of cash for our company, significantly adding to our equity position," Robins said. Advanced Optics Electronics' chairman also announced that representatives of major Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. entertainment companies will visit the company's Albuquerque facility soon to inspect its large-scale displays. "We believe the company is making good progress in marketing our panels, which display full-blown, computer-generated color and motion as opposed to the static billboards we are all used to seeing," Robins said. Founded late in 1996, Advanced Optics Electronics, Albuquerque, is the developer of patented electronic display technology. The cutting-edge technology allows for the production of television-quality advertising billboards, medical testing equipment, and military displays. Visit Advanced Optics Electronics Website at http://www.adotsite.com The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for 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. . Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Advanced Optics Electronics) contains statements that are forward-looking; such as statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc intended expected benefits, expansion, expected orders, leading market positions, anticipated future revenues of the company, success of product and new product offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Advanced Optics Electronics. The potential risks and uncertainties include, among others, fluctuations in the company's operating results due to its new business model and expansion plans, the company's ability to raise additional capital, the competitive environment in which the company will be competing, and the company's dependence on strategic relationships. |
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