Advanced Optics Electronics Inc. Reports Major Consumer Activity Resulting from The Wall Street Journal Coverage.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Oct. 24, 2003 Biomoda Inc. Primes for Commercialization of its Patented Positions 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 ) has reported that a major positive response resulted from the recent article in The Wall Street Journal of Oct. 10, 2003, wherein ADOT was commented on in a favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. light in the Heard on the Street section. Inquiries directed to the company's patented systems and technology as well as those directed to products presently offered and in the pipeline all increased dramatically. Advanced Optics Electronics Inc.'s third quarter 10Q is slated for release on or before Nov. 14, 2003, which will be promptly followed by company commentary on the 10Q within days of its public release. Biomoda Inc. (of which ADOT owns and controls 30% directly and indirectly) will identify further development of its patent position as a result of the construction of a specially built state-of-the-art laboratory recently announced. This will allow Biomoda Inc. to accelerate forward movement employing its technology. Included will be further development of the company's patent position for commercialization and also the development of a sputum sputum /spu·tum/ (spu´tum) [L.] expectoration; matter ejected from the trachea, bronchi, and lungs through the mouth. sputum cruen´tum bloody sputum. cell laboratory/bank. Advanced Optics Electronics Inc. is a technology company based in Albuquerque, N.M. 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. 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 directly and indirectly 30% 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. . |
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