Advanced Optics Electronics Inc. Announces 13D Filed

Business Wire, Jan 4, 1999

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Jan. 4, 1999--Advanced Optics Electronics Inc. (OTC BB:ADOT) Monday announced that a regulation 13D (a disclosure form showing beneficial ownership) was filed by D TECH for the law firm of Lynch, Rowin, Novack, Burnbaum and Crystal's reporting person, Y.L. Hirsch of Israel.

The 13D disclosed that the purpose of the transaction was for "investment purposes only and not with a view to resale or distribution." Management will be working with Hirsch discussing future direction of the company.

Advanced Optics Electronics Inc. is a developer of patented electronic display technology, utilizing ADOT's proprietary SLM (Spatial Light Modulator) light valve.

This industry-leading technology can be utilized in many diverse fields including the production of "television quality" advertising billboards, medical testing equipment, military displays, computer monitors and high definition video transmission.

In addition to the core business of ADOT, the company has identified and placed a strategic and high potential return investment in BioModa Inc. BioModa Inc. is a company that holds patents and patents pending domestically and internationally in the technology for early detection of lung cancer.

ADOT currently holds approximately 23 percent of BioModa Inc. with an option to increase that position to 26.4 percent. BioModa Inc. intends to do an IPO within the next two years.

Note to Editors: This News Release contains forward-looking statements 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.