Exhibit 10.23

                           AMENDED PURCHASE AGREEMENT

This amended  Agreement made and entered into as of January 15, 2001 and between
Advanced Optics  Electronics,  Inc., a Nevada  corporation  having its principal
place of business at 8301  Washington St NE,  Albuquerque,  NM 87113 ("ADOT") as
Seller and Wang Family  Trust  LTD.,  a Hong Kong  corporation  having its North
American  office Wang Tr, c/o Leggat  Baldwin  Keesmaat,  20 Hughson St.  South,
Hamilton,  Ontario, Canada, L8N 3P6, as buyer and Wang Family Trust LTD as buyer
replaces and is in the stead of all previous  Agreements,  contracts  and orders
between ADOT and Wang Family Trust LTD.

     WHEREAS,  ADOT is in the process of  manufacturing  products for electronic
outdoor flat panel displays ("the Products" and/or "the Units"), and is the sole
owner of certain proprietary rights relating to such Products including, but not
limited to all rights relating to United States Patents pending  therefore it is
agreed:

     A.   That ADOT will utilize proprietary semiconductor processing technology
          to maximize  pixel density and reduce  activation  voltage  increasing
          light  transmission  (brightness)  through a reduction  in the surface
          area of the  material  required for the  non-transmissive  electrodes.
          Advanced Optics Electronics, Inc. will provide a manufacturing process
          for a high density electro-optic array.

          Advanced  Optics  Electronics,  Inc.  shall  provide  a  high  density
          electro-optic  light  valve  array  with  reduced  operating  voltages
          compatible with or to exceed current  commercially  available  silicon
          large scale integration  technology and display circuitry designed for
          use with light emitting diodes.

     B.   That such  reduction is an important  inducement and benefit to Buyers
          and  to  significantly  reduce  Buyer's  cost  of  operations  of  the
          Products.

     C.   That Wang desires that ADOT build,  test,  and install two large scale
          electronic flat panel moving color image display  boards,  hereinafter
          referred  to as Units A and B capable  of being  viewed by  interstate
          motorists  at a distance of no less than one hundred and fifty feet by
          employing  the  above  referenced  developments  by ADOT  to  minimize
          operating  voltages  that will be  required  by Buyer to employ in its
          operation of the Products.

     D.   Due to the  confidential  nature of  technical  processes  and systems
          described in this  Agreement  and matters of  confidential  concern to
          Buyer in its industry;  Buyer and Seller jointly agree not to disclose
          the terms and  conditions  herein  unless to a U.S.  domestic bank for
          financing  of all or a  portion  of the  purchase  herein.  When  this
          Agreement is completed disclosure may be made.

     E.   In the event that any part of the  Agreement  is breached or violated,
          Buyer then

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          shall  have the option  terminate  this  Agreement.  In the event this
          Agreement  is  terminated  all unused  funds  shall be remitted to the
          Buyer including interest at seven (7%) per cent per annum.

     NOW,  THEREFORE,  in consideration of the mutual promises contained herein,
ADOT and agree as follows:

     1.   Product Description

          (a)  Two large scale outdoor flat panel displays Units Size 3 meters X
               8 meters

          (b)  Employment of ADOTs Patents  pending or to be applied for held by
               ADOT related to flat panel displays.

          (c)  Levels of Achievement Required
                    Pixel  Density:  minimum  40
                    Framing  Rate:  minimum   2,000
                    Contrast Ratio: minimum   200

     2.   Installation Per Unit Display.

          (a)  Delivery allowance                          $4,500
          (b)  Erection/site Preparation Allowance         $16,250
          (c)  Computer interface Allowance                $12,500
          (d)  All sites are to have reasonable  access,  at ground level or not
               more than 30' of elevation.

     3.   Price.

          (a)  $885,000 for first Display unit "A"

          (b)  $875,000 for second Display unit "B"

          (a)  Phase I - Draw Unit A. A New Mexico  based  partner of a mutually
               acceptable  accounting  firm will verify the serial number of the
               designed  board for Said  verification  must  indicate  that said
               board is under  construction.  At this point  ADOT shall  receive
               payment  via check,  wire,  or Letter of Credit for $65,000 to be
               applied on the purchase of the first Display Unit.

          (b)  Phase II - Draw Unit A. Upon  verification  by a New Mexico based
               partner of a mutually acceptable  accounting firm that the Levels
               of


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          Achievement required herein have been demonstrated. ADOT shall receive
     additional  payment via check, wire, or Letter of Credit for $265,000 to be
     applied on the purchase of the first Display Unit.

          (a)  Phase I - Draw Unit B. A New Mexico  based  partner of a mutually
               acceptable  accounting  firm will verify the serial number of the
               designed  board for Wang.  Said  verification  must indicate that
               said  board is  under  construction.  At this  point  ADOT  shall
               receiver payment via check, wire, or Letter of Credit for $65,000
               to be applied on the purchase of the first Display Unit.

          (b)  Phase II - Draw Unit B. Upon  verification  by a New Mexico based
               partner of a mutually acceptable  accounting firm that the Levels
               of Achievement required herein have been demonstrated, ADOT shall
               receive  additional  payment  via check or  Letter of Credit  for
               $265,000  to be applied  on the  purchased  of the first  Display
               Unit.

     4.   Payment Upon Completion of Unit A.

          (a)  Upon delivery to the buyers  designated  installation  site field
               testing  of  electronic  display  lighted  circuitry,  ADOT shall
               receive its final 30% payment via check or Letter of Credit.

          Payment Upon Completion of Unit B.

          (a)  Upon delivery to the indicated installation site in Greater Miami
               and field testing of electronic  display  lighted  circuitry ADOT
               shall  receive  additional  payment via check or Letter of Credit
               for $165,000.

          (b)  The  balance  shall be  payable  as  follows:
               $100,000 within 5 business days after installation and testing is
               complete.

          (c)  $230,000 within 60 days thereafter.

          (a)  ADOT shall pay the costs for up to two  representatives  of Buyer
               to travel (including  lodging) business class, to ADOT's assembly
               factory  in order to  observe  testing  procedures  in an outdoor
               venue of each board ordered herein.

          (b)  After two boards have been successfully  delivered and installed,
               ADOT shall have no further  obligation to pay for travel costs of
               representatives of Buyer.


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     5.   Delivery Times.

          (a)  ADOT shall be required to deliver the initial flat panel display,
               Unit A, no later than  October  15, 2001 or at the time that ADOT
               has commenced  limited or full production of flat panel displays,
               whichever shall occur first.

          (b)  ADOT shall be required to deliver the second flat panel  display,
               Unit B, no later than March 1, 2002.

     6.   Territory  Provision.  ADOT agrees that it shall not sell  directly or
          allow  the  indirect  sale  of any  large  scale  outdoor  flat  panel
          display(s) to any other third party  customer/user,  licensee or agent
          located  within 75 miles of any location where a unit is located or to
          be located.  This  Agreement to restrict  shall be valid for two years
          after  completion of  installation  by ADOT of the initial display for
          Wang.

     7.   Product Testing. Upon notification by ADOT to of the completion of the
          initial  assembly and testing of the Product by or under the direction
          of  ADOT,  any  Acceptance  Test  shall  be  performed  at a  mutually
          designated location in the presence of representatives of Wang. If the
          Acceptance  Test is successfully  completed,  will complete the agreed
          upon payment  schedule.  If the  Acceptance  Test is not  successfully
          completed,  ADOT  shall  use its best  efforts  to make the  necessary
          corrections  to the Product within thirty days of receipt of notice of
          nonacceptance,  at  which  time the  Acceptance  Test  shall  again be
          conducted.   The   Acceptance   Test  may  be  repeated  until  it  is
          successfully completed as provided herein.

     8.   Obligations of ADOT under this Agreement during Construction Period.

          (a)  Progress Reports and Meetings.  During the construction period at
               such times and in such manner or format as Wang shall  reasonably
               request,  ADOT shall  submit to Wang reports  summarizing  ADOT's
               progress on the construction of the Panel.

          (b)  Maintenance.  During the development  period, ADOT shall provide,
               at expense,  up to two (2) liaison  persons and such training and
               instruction as is reasonably necessary to provide with sufficient
               technical understanding of the Product and its operation and use.

     9.   Representations Warranties and Covenants of ADOT.

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          (a)  ADOT represents, warrants and covenants as follows:

               (i)  It  is  duly  organized,   validly   existing  as  a  Nevada
                    corporation and has full legal right, power and authority to
                    enter into,  execute and perform its obligations  under this
                    Agreement  which  constitutes  the legal,  valid and binding
                    obligation of ADOT enforceable in accordance with its terms.

               (ii) It is the sole  owner or  otherwise  has all  rights  to the
                    patents,  patent  applications,  trademarks,  technology and
                    know-how  which are the subjects of the  Agreement  and such
                    rights are not subject to any  encumbrance  lien or claim of
                    ownership by any third party.

               (iii)All the  patents,  patent  applications  and the  trademarks
                    which  are  the  subject  of the  Agreement  are  valid  and
                    enforceable in all material respects.

               (iv) ADOT is aware of no fact which puts in question the validity
                    or enforceability of any of the patents, patent applications
                    or the trademarks,  nor does or will the use of the patents,
                    patent  applications,  trademarks,  technology  or  know-how
                    infringe  upon  the  patents,   trademarks  or   proprietary
                    property of anyone else.

     10.  Technical Services of ADOT. During the term of this Agreement up to at
          Buyers  expense,  ADOT  agrees to provide  such  reasonable  technical
          assistance including training,  testing,  specific consultations,  and
          other technological  support services as may be reasonably required by
          Buyer to  enable  Buyer to use the  display  in a  productive  manner.
          Thereafter  Wang and ADOT may agree from time to time to  continue  to
          have ADOT  provide for such  services to assist Wang to refine  and/or
          improve the Product; however ADOT shall not be under the obligation to
          do so. If the  foregoing  requires  any travel or in  incurring of any
          other out-of-pocket  expenses for travel, lodging or similar expenses,
          or,  (as  is  applicable)  shall  reimburse  ADOT  for  such  expenses
          reasonably incurred and previously approved in writing by

     11.  Definition  of  Improvements.  For purposes of the  Agreement the term
          "Improvements" shall mean all modifications,  revisions, upgrades, new
          technology, new models, or other improvements to the Product, know-how

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          or technology which are incorporated  into or relate to the Product or
          any part thereof, or the commercial  applications  presently utilizing
          the  Product,  as well as all  processes,  machines,  manufactures  or
          composition  of  matter  which  ADOT or any  affiliate  may  conceive,
          develop, acquire or otherwise obtain rights to during the term of this
          Agreement  which  relate  to the  Product  or any of its  parts or the
          commercial applications presently utilizing such Product.

     12.  Confidentiality.

          (a)  Agreement  not to  Disclose.  The parties  hereby agree that they
               will not  publish,  disclose to any third party  (except to their
               own employees or technical consultants to the extent necessary to
               permit them to perform their obligations hereunder), or otherwise
               use  for  their  own  benefit  a copy of  this  Agreement  or any
               technical  or   confidential   information,   know-how  or  other
               proprietary   information  of  the  other  party   heretofore  or
               hereafter  disclosed to them pursuant to this  Agreement  without
               the prior written approval of such other party. The parties shall
               not  disclose  any  technical  information,   know-how  or  other
               proprietary  information  of the  other  party  to  any of  their
               employees or consultants pursuant hereto unless such employees or
               consultants  have  entered  into  a  non-  disclosure   Agreement
               satisfactory to the other party. No customer or distributor shall
               be  furnished  with any  technical or  confidential  information,
               know-how or other  proprietary  information  of ADOT,  unless and
               until such customer or distributor  has agreed in writing to deep
               such  information  confidential.  The  provisions  of the Section
               shall  not  apply  to  information  which  (i) was at the time of
               disclosure  to the  other  party a part of the  public  domain by
               publication or otherwise  (ii) was already  properly and lawfully
               in the  possession of the other party at the time it was received
               (iii)  was   lawfully   received  by  the  other  party   without
               restriction  from a third  party or (iv) is required by law to be
               disclosed  (but only to the extent of such required  disclosure).
               The  provisions of the Section  shall  survive any  expiration or
               termination of the Agreement.

          (b)  Equitable Relief.  The parties hereto  acknowledge and agree that
               any breach of the terms of this Section  would cause  irreparable
               harm to the injured  party and agree that the injured party shall
               be entitled,  in addition to whatever remedies shall be available
               at law, to  injunctive  relief or other  equitable  remedies with
               respect to any such breach.

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     13.  Assignability.  This Agreement shall not be assignable by either party
          except  that  ADOT  shall  have the  right at any time to  assign,  in
          connection   with  its  merger  or   consolidation   or  the  sale  of
          substantially all of its assets utilized in the business to which this
          Agreement  relates,  any  or all of the  rights  and  interest  herein
          granted,  without the  necessity of obtaining the consent of the other
          party to the surviving or purchasing entity who shall expressly assume
          and agree to perform  all of the  obligations  of said party  pursuant
          hereto.

     14.  Relationship of Parties.  It is expressly agreed that the relationship
          hereby  established is solely that of  manufacturer  and consumer.  It
          being  understood  that Wang is acting for it own  account and that it
          has no  authority  to  make,  assume  or  create  any  representation,
          warranty, Agreement,  guarantee, claim or settlement on behalf of ADOT
          with respect to the Products or otherwise.

     15.  Force Majeure.  Neither party shall be responsible  for any failure to
          comply with the terms of the Agreement due to force majeure or acts of
          God, including,  but not limited to, fire, storm,  flood,  earthquake,
          explosion,  accident,  acts of the public enemy, war, riot, rebellion,
          insurrection,  sabotage,  epidemic,  quarantine,  restrictions,  labor
          disputes,    transportation   embargoes,   failures   or   delays   in
          transportation  or the  mails,  failures  or  delays of  suppliers  or
          subcontractors,  acts  of any  government,  whether  national,  state,
          local,  foreign or  otherwise,  or any  agency  thereof,  or  judicial
          action.

     16.  Notices.  Any notice required or permitted to be given hereunder shall
          be in writing  and shall be deemed to be  properly  given when sent by
          registered or certified mail, return receipt,  requested  addressed as
          follows:

               If to

               Advanced Optics Electronics, Inc.
               8301 Washington NE   Suite 5
               Albuquerque, NM   87113
               Attn:  L. Robins

               If to

               Wang Trust
               c/o Leggat Baldwin Keesmaat
               20 Hughson St. South


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               Hamilton, Ontario
               Canada   L8N 3P6
               Attn:  P. Dixon

     17.  Governing Law. This  Agreement  shall be governed by, and construed in
          accordance with, the laws of each State where final installation is to
          be completed.

     18.  Waivers; Amendments. No waiver of any rights hereunder by either party
          shall  operate as a waiver of any other  rights,  or of the same right
          with respect to any  subsequent  occasion for its exercise,  or of any
          right to  damages.  No waiver by  either  party of any  breach of this
          Agreement  shall be held to constitute a waiver of any other breach or
          a  continuation  of the same  breach.  All  remedies  provided by this
          Agreement are in addition to all other remedies  provided by law. This
          Agreement may not be amended except by a writing signed by each of the
          parties hereto.

     19.  Successors and Assigns. This Agreement shall be binding upon and shall
          inure to the benefit of the  permitted  successors  and assigns of the
          parties hereto.

     20.  Severability.  If any condition of the Agreement  should be determined
          to be unenforceable or illegal,  it shall be deemed severable from the
          other provisions hereof, which shall remain valid and enforceable.  In
          the event that the relative benefits,  habilities,  and obligations of
          either party to the  Agreement as compared to those of the other party
          hereto  are  significantly  increased  or reduced by the action of any
          judicial or  administrative  authority the parties agree to enter into
          immediate good faith  negotiations to amend this Agreement in a manner
          which will  fulfill the  original  intention of the parties in a legal
          manner.  This  Agreement  shall remain in full force and effect during
          the course of such negotiations and thereafter until validly amended.

     21.  Counterparts.  This  Agreement  may may be  executed  in three or more
          counterparts,  each of which shall be deemed an  original,  but all of
          which together shall constitute one and the same instrument.

     22.  Prior Understandings. This Agreement represents the complete Agreement
          of the parties with respect to the  transactions  contemplated  hereby
          and supersedes all prior Agreements and understandings.

     23.  Headings.  Headings in this  Agreement are included for reference only
          and

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          shall have no effect upon the  construction or  interpretation  of any
          part of the Agreement.

     24.  Arbitration.  Any  disagreements  arising out of the provisions of the
          Agreement  will be decided by  arbitration in New York City, New York,
          in accordance with the Rules of the American Arbitration  Association.
          Each party will appoint an arbitrator,  and the two thus selected will
          designate  a third.  If either of the  parties  fails to  appoint  its
          arbitrator  within  sixty  (60) days  after  receipt  of notice of the
          appointment,  by the other, of its  arbitrator,  or if the arbitrators
          fail to appoint a third,  then the  American  Arbitration  Association
          will have the  power,  on the  request  of either  party,  to make the
          appointments  which  have not been  made as  contemplated  above.  The
          arbitration  will be held as  promptly  as  possible  at such time and
          place as the arbitrators  may determine.  The decision of the majority
          of the arbitrators  will be final and binding upon the parties hereto,
          and the  expense  of the  arbitration  will be shared  equally  by the
          parties.  Judgment  upon the award may be entered in any court  having
          jurisdiction,  or application may be made to such court for a judicial
          acceptance  of the award and an order of  endorsement  as the case may
          be.

     IN WITNESS WHEREOF the parties have caused this Agreement to be executed by
their  respective  officers  thereunto  duly  authorized  and have caused  their
respective corporate seals to be affixed hereto as the date first above written.


         (Corporate Seal)                  Advanced Optics Electronics, Inc.
                                                    A Nevada corporation

                                           By:__ /s/ Leslie S. Robins
                                           Name: Leslie S. Robins
                                           Title:   Executive Vice-President




         (Corporate Seal)                  Wang Trust, LTD (Hong Kong)


                                           By:_ /s/ A. N. Wang
                                           Name:  A. N. Wang
                                           Title:   President


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