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Micro Imaging Technology, Inc. Message Board

  • gas_hawk gas_hawk May 2, 2011 1:27 PM Flag

    Points to Ponder

    Detection and early warning of dangerous particulate materials such as parasites and other organisms, i.e., bacteria, spores, etc. If the initial efforts were successful, future efforts were to be directed to include detection and early warning of asbestos fibers and similar materials that pose a health hazard to the consumer.

    Detection and early warning of dangerous soluble substances such as mutagens, carcinogens and metabolic poisons.

    189,898,875 outstanding shares

    As of January 31, 2011, the Company owns eighty point seven percent (80.7%) of the issued and outstanding stock of MIT.

    has committed to ordering one hundred MIT 1000 Systems with an immediate requirement for twenty Systems. The MIT 1000 System is produced for MIT exclusively by OSI Optoelectronics (OSIO), a subsidiary of OSI Systems and is believed to be the fastest and most inexpensive bacterial identification system available; identifying bacteria strains in less than five minutes after culturing, at a cost of less than 10 cents per test and extremely easy to use. The MIT 1000 System has been certified by the AOAC Research Institute (AOAC RI) as a test method for Listeria, one of three bacteria (the others are Salmonella and E.coli) that are responsible for the majority of the worldwide food contamination events. The Company is in the process of preparing the MIT 1000 System for AOAC RI certifications for the identification of both Salmonella and E. coli later this year. This will give the MIT 1000 System the ability to identify all "three" bacteria within five minutes in a single test

    From our inception in 1979 through October 31, 2010, we have accumulated a loss of $42,666,383 and a net stockholders’ deficit of $1,658,104

    profit will go first to retire debt.

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