Advanced Optics Electronics Inc. provides further WIZARD Technologies Inc. information.ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Oct. 5, 1999-- Further information regarding ADOT's recently announced acquisition of its purchase of a large minority interest in WIZARD Technologies Inc., (WTI WTI West Texas Intermediate WTI Western Transportation Institute (Montana State University) WTI World Tribunal on Iraq WTI With The Idea (used in chess to point to the idea behind a specific move) ) a fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber development company. 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 ), initial ownership and option position equates to a maximum of 25% of WTI. ADOT expects WIZARD to contribute to Advanced Optics Electronics Inc. substantially over the next 2 to 3 years. WIZARD Technologies Inc. potential could be briefly summarized in the following areas: A. Fiber optics switch with the implementation of artificial muscles. B. Possible applications among others would be in signal on-off control. C. Signal direction from one direction to another. D. Signal combination and signal splitting. ADOT's biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. holding has recently received an offer to purchase the entire company. This proposed purchase price would be substantially in excess of the price paid by ADOT. 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. Contact Advanced Optics Electronics Inc. at 505/797-7878 or visit their Web site at www.adot.org. |
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