Advanced Optics Electronics Receives SEC Clearance; New Director Announced.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Nov. 6, 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 the Securities and Exchange Commission has given clearance to Advanced Optics Electronics Inc. to its recently filed SB-2. "This will allow Advanced Optics Electronics Inc. to continue on its plans for growth over the next three years," stated L. S. Robins, the company's chief executive officer. The first significant tranche Tranche One of several related securities offered at the same time. Tranches from the same offering usually have different risk, reward, and/or maturity characteristics. tranche A class of bonds. of capital will permit the company to put into motion its previously announced plans regarding sales, marketing and additions to management. Advanced Optics Electronics Inc. also announced that Dr. Wayne D. Pasco will be joining the board of directors of Advanced Optics Electronics Inc. Pasco has a Ph.D. in materials engineering and has over 14 years experience in operations and management. Pasco is currently the chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of UNAXIS, a Swiss company manufacturing and supplying surface, information and component technology. UNAXIS is a company with over U.S. $700 million in revenues. Now that this filing has been completed with the SEC, Advanced Optics Electronics Inc. will soon be announcing the date and site for its next annual meeting. 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. ADOT currently holds three patents or patents pending. In addition to the core business of ADOT, the company has identified and placed 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 approximately 16 percent 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. 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. |
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