Advanced Optics Electronics Inc. Planning Restructuring.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Aug. 6, 2002 The board of directors of 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 ) is currently reviewing restructuring plans for the company, with an eye toward enhancing shareholder value. These discussions are in the preliminary stage and are in response to the many interested shareholders who have contacted the company. Results of these proposed restructuring plans would probably be discussed on a more expanded basis over the next 5-6 weeks. BIOMODA Inc. has just refiled its SB-2 with the Securities and Exchange Commission. The funds that BIOMODA are planning to raise are anticipated to be used for various laboratory procedures, various studies, FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. presentations and purchase of certain lab equipment and other bio med activities. Advanced Optics Electronics Inc.'s independent marketing associate appears to be making headway head·way n. 1. Forward movement or the rate of forward movement, especially of a ship. 2. Progress toward a goal. 3. The clear vertical space beneath a ceiling or archway; clearance. 4. with marketing contacts which the company hopes will result in additional orders. 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 1/2% of BIOMODA Inc. 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. . Contact Advanced Optics Electronics Inc. at 505/797-7878 or visit their Web site at www.adotsite.com. |
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