Advance Display Technologies, Inc. is a development stage company, incorporated under the laws of the State of Colorado on October 7, 1983. ADTI was formed to engage in the business of the technological development and manufacture of fiber optic display screen systems and since, December 2004, ADTI has also engaged in the business of the technological development and manufacture of proprietary Light Emitting Diode (LED) display screen systems (collectively, the "Screen Business").
ADTI completed its initial public offering in April 1986, selling five million shares of its Common Stock for net proceeds of $4.2 million. Since that date, ADTI's Common Stock has been reverse split such that each 50 shares previously outstanding are now equal to one share. Other than a brief venture into the motion picture releasing and theater operations business in the second half of fiscal 2004, which business has been discontinued, ADTI has not received material revenues from the sale of its products or otherwise. The Company's activities since inception have been primarily focused on research and development of its core technologies, manufacturing processes, and raising operating capital. The Common Stock of ADTI is currently traded over the counter and is quoted on the OTC Bulletin Board under the symbol "ADTI". Historically, trading in the Company's Common Stock has been extremely limited, although trading volume has been higher in recent years.
ADTI completed its initial public offering in April 1986, selling five million shares of its Common Stock for net proceeds of $4.2 million. Since that date, ADTI's Common Stock has been reverse split such that each 50 shares previously outstanding are now equal to one share. Other than a brief venture into the motion picture releasing and theater operations business in the second half of fiscal 2004, which business has been discontinued, ADTI has not received material revenues from the sale of its products or otherwise. The Company's activities since inception have been primarily focused on research and development of its core technologies, manufacturing processes, and raising operating capital. The Common Stock of ADTI is currently traded over the counter and is quoted on the OTC Bulletin Board under the symbol "ADTI". Historically, trading in the Company's Common Stock has been extremely limited, although trading volume has been higher in recent years.
