SOURCE: Optical Systems, Inc.

November 16, 2007 12:20 ET

Optical Systems, Inc. Acquires Automotive Software Designers, Inc.

HOUSTON, TX--(Marketwire - November 16, 2007) - Optical Systems, Inc. (PINKSHEETS: OPSY) announced the acquisition of Automotive Software Designers, Inc., a private company founded by B.J. Grisaffi, a veteran of more than 30 years in general management of automobile dealerships. Mr. Grisaffi developed the premiere auto dealer customer sales information system, the "Save-a-Deal" program. "Save-a-Deal" simplifies and personalizes the customer car buying experience, significantly increasing dealer profits by automating workflow within a dealership, eliminating manual forms, and dramatically reducing the time to desk and finance a deal. For information, dealer testimonials, and a list of clients see www.saveadeal.net

SAFE HARBOR STATEMENT

Safe Harbor Statement under the Private Securities litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations. As statements regarding future events concern management's estimates of future results of operations, and as these estimates are based on many elements beyond management's control, differences from management's estimates may occur, and such difference may be material.

Although Optical Systems, Inc. believes the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion should not be regarded as a representation by Optical Systems, Inc. or any other person that the objective and plans of Optical Systems, Inc. will be achieved.

Contact Information

  • Contact Info:

    Investor Relations

    B.J. Grisaffi
    713-467-1987