Advanced Optics Electronics Sets 'COLOR-CHEK' for Demonstration; Biomoda Trading Due in Less Than 30 Days.Business Editors ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Jan. 13, 2004 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 ) COLOR-CHEK, an innovative and cost-effective color speech processor under joint development with Advanced Optics Electronics Inc. and a JV partner, will be ready for demonstration of a production-quality prototype by Feb. 6, 2004. The subcontractor working with ADOT has provided management an update in order to prepare a demonstration for certain key institutional investment entities. Pricing of COLOR-CHEK is set at a very modest level to enable the vision impaired to make this purchase with or without insurance help. AmericanBulls.com, a technical stock advisory letter, posted its recommendation of ADOT on 1-7-04. "We note with interest that this is the second investment service which is following our company's progress," stated Michael Pete, the president of Advanced Optics Electronics Inc. Biomoda Inc. (30 percent held directly and indirectly by ADOT) is on track with regulatory agencies regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. . Trading, initially on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. market, is pegged to commence in 30 days or less. 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 percent of Biomoda Inc. This news release contains forward-looking statements 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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