Micro Imaging Technology Inc (MMTC)

[Helter Skelter]

EDIT: NEWS!

About "admiral brennan", CEO MMTC.

we are not talking about "Most CEO's in the Pinks" we are talking about Michael W. Brennan who is responsible founding of four companies that successfully became publicly held corporations through IPOs: three on NASDAQ; Computer Automation (CAI), Symmetricom, Inc. (Datum - SYMM) and Interscience (INTR) and one on the London International Stock Exchange, Optim, Plc.

On August 13, 1996, Thomas Zirnite ("Zirnite") filed an action against
the Company for breach of contract and wrongful termination in Los Angeles
County Superior Court, North District, Zirnite v. Interscience Computer
Corporation, seeking unspecified damages. The Company has cross-complained for
$1,000,000 of damages and $10,000,000 of punitive damages based on slander. In
June 1995, the Company hired Zirnite as Vice President of Finance and
Administration to assist Company's Chief Financial Officer. The Company
subsequently terminated Zirnite's employment on December 7, 1995. Zirnite
alleges that the termination was in retaliation for his refusal to perform
accounting procedures which would have violated the law and generally accepted
accounting procedures. Zirnite made such allegations to third parties, for
which the Company has filed a cross-complaint.

On August 30, 1996, Julie Zuniga filed a lawsuit in Los Angeles County
Superior Court alleging sexual harassment and naming Michael Brennan, the
former President of the Company, and the Company as defendants. Mr. Brennan's
five-year employment agreement expired in October 1996, and Mr. Brennan is
no longer employed by the Company. The complaint alleges inappropriate sexual
comments and conduct by Mr. Brennan and others on behalf of the Company. The
complaint asks for an unspecified amount of actual and punitive damages.

On September 23, 1996, Laura Brennan filed a complaint against the
Company and Jim Mitchelli, Vice President of the Company, for employment
discrimination and wrongful termination. The suit is pending in Los Angeles
County Superior Court, Northwestern District, Case No. LC038584. Ms. Brennan
alleges that she was terminated upon becoming pregnant. The complaint asks for
an unspecified amount of actual and punitive damages. Ms. Brennan is not
related to Mr. Michael Brennan, the former President of the Company.

Michael Brennan, the former President and Chief Financial Officer of
the Company, has filed a complaint against the Company, Frank LaChapelle, the
Chief Executive Officer of the Company, Michael T. Wells, the Secretary and the
general counsel of the Company, and certain lawyers and law firms formerly
associated with Mr. Wells. The First Amended Complaint, which was filed in the
Superior Court, Los Angeles County, on December 20, 1996 and was served on the
Company on January 10, 1997, is a complaint for negligence, breach of fiduciary
duty, and interference with contractual relations. During 1996, Mr. Wells, in
his capacity as an independent attorney and not as the general counsel for the
Company, represented Mr. Brennan as Mr. Brennan's personal attorney in a
lawsuit filed against Mr. Brennan by a foreign bank (the "Bank Action"). Mr.
Brennan's employment agreement with the Company expired on October 15, 1996 and
was not renewed by the Company. Accordingly, Mr. Brennan's employment with the
Company ended on October 15, 1996. In November 1996, a judgement for over
$900,000 was entered against Mr. Brennan in the Bank Action. In his action
against the Company, Mr. Wells and the other defendants, Mr. Brennan alleges
that the defendants actively sought to have Mr. Brennan removed from the office
of President of the Company and that the defendants conspired to cause him harm
by, among other things, losing two motions for summary judgment in the Bank
Action and causing an adverse judgment for over $900,000 to be entered against
him. Mr. Brennan claims damages in the following amounts: $5,000,000 for
general damages, $3,000,000 for special damages, and $50,000,000 as punitive
damages. The Company has not yet filed an answer or otherwise responded to the
action.

Link > 10KSB/A

By the way, CEO brennan was never an Admiral in the USCG (United States Coast Guard). He is far, far from an officer and a gentleman. I wouldn't trust this slovenly pig with one cent of my hard earned money.

O yeah, I believe Interscience subsequently filed for bankruptcy.

The words sex and brennan should never be used in the same sentence.

Dismissed!

lol...

Additional information on the legal matters:

On August 13, 1996, Thomas Zirnite ("Zirnite") filed an action against the
Company for breach of contract and wrongful termination in the Los Angeles
County Superior Court, seeking unspecified damages. The Company cross-complained
for $1,000,000 of damages and $10,000,000 of punitive damages based on slander.
Zirnite alleged that the termination was in retaliation for his refusal to
perform accounting procedures that would violate the law and generally accepted
accounting procedures. Zirnite made such allegations to the third parties, for
which the Company filed the cross-complaint. The Zirnite claims were settled
after September 30, 1997 for $50,000 as part of the unsecured creditors.

On September 23, 1996, Laura Brennan filed a complaint against the Company and
James Mitchelli, Vice President of the Company, for employment discrimination
and wrongful termination. Ms. Brennan alleged that she was terminated upon
becoming pregnant. The complaint asked for an unspecified amount of actual and
punitive damages. The Brennan claims were settled after September 30, 1997 for
$60,000 as part of the unsecured creditors.

MMTC CEO brennan's legal issues were never mentioned again (from what I've researched so far) in the filings. However, the attorney representing brennan, la chapelle and the company (Interscience) had to sue la chappelle to recover her attorney fees for representing him (they must have lost?)...

Plantiff and respondent Yvonne M. Renfrew, an attorney, sued defendant and appellant Frank La Chapelle for attorney fees. La Chapelle appeals from the judgment entered in favor of Renfrew.

Link > Appeal

Interscience did file for bankruptcy protection.

On March 6, 1997 Registrant filed for protection under Chapter 11 of the
U.S. Bankruptcy Act.

Link > Form 8-K

Did MMTC ceo brennan, as President and CFO of Interscience, order Thomas Zirnite, who was hired "to assist Company's Chief Financial Officer"...to somehow..."cook the books"?

Hi, janeyH. Saw your posts. Excellent observations regarding MMTC DD, lol...