Micro Imaging Technology Inc (MMTC)

[dogma]

Email Response from Mr Brennan

Listed below is my email conversation with MMTC Chairman
Sunday May 30th
HI
I’m looking to purchase some mmtc stock, but before I do I’m wondering if you could possible answer the following questions.
1. When will OSI start manufacturing the MIT1000?
2. Do you have sales contracts already and if so how many?
3. What are your projected sales for 2010, 2011, 2012?
4. What is the selling price for the MIT1000?
5. Can you please explain the conditions about the sales of the stock the Dutchess Capital owns? Are there any restrictions on price or time that the Dutchess Capital can start selling their mmtc stock?

I’m very interested in purchasing a huge amount of stock, but I need some clarification on the contract with OSI and Dutchess Capital. Financing/

Monday, May 31, 2010

Good Morning Mr. xxxx
I will try, in the following text, to answer you excellent questions – but first let me suggest a visit to our web site www.micro-identification.com – where most disclosable information is provided. Further financial information can be obtained from the Securities Exchange Commission's (SEC) site; www.sec.gov – referencing “MMTC.”
The following are my responses to your queries:
1) When will OSI start manufacturing the MIT1000?
a) Attached is the OSI Press Release that details pubic disclosed information – we hope that OSI is in full production later this year.
2) Do you have sales contracts already and if so how many?
a) Yes, we have received sales contracts but have not publicly disclosed the client or contract value.
3) What are your projected sales for 2010, 2011, 2012?
a) This information has not been publicly disclosed neither has the pricing for various configurations of the System.
4) Can you please explain the conditions about the sales of the stock the Dutchess Capital owns? Are there any restrictions on price or time that the Dutchess Capital can start selling their “MMTC” stock?
a) The terms of our Agreement with Dutchess Capital is fully disclosed in our May 7, 2010 Form S-1 filing with the SEC, but in general: MIT will not receive any proceeds from the resale of these shares of common stock offered by Dutchess. We will, however, receive proceeds from the sale of shares to Dutchess pursuant to the Agreement. When we put an amount of shares to Dutchess, the per share purchase price that Dutchess will pay to us will be determined in accordance with a formula set forth in the Investment Agreement. Generally, in respect of each put, Dutchess will pay us a per share purchase price equal to ninety-five percent (95%) of the lowest daily volume weighted average price of our common stock during the five (5) consecutive trading day period beginning on the trading day immediately following the date of delivery of the put notice. The Press Release is also attached.
Dutchess may sell the shares of common stock from time to time at the prevailing market price on the Over-the-Counter (OTC) Bulletin Board, or on an exchange if our shares of common stock become listed for trading on such an exchange, or in negotiated transactions. Dutchess is an "underwriter" within the meaning of the Securities Act of 1933, as amended (the "Securities Act") in connection with the resale of our common stock. For more information, please review the S-1 filing with the SEC.
Mr. xxxxx, thank you for your interest in MIT – we believe it is an exciting Company, in a large growth market with excellent prospects.
Thanks again and Happy Memorial Day,
Michael W. Brennan
Chairman
Micro Identification Technologies

Direct:
Telephone: (805) 557xxxx
Facsimile: (805) 557-xxxx
Cell: (818) 585-xxxx
Email: [e-mail]

Office:
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]

May 31st Monday
Michael
Thanks for the quick response. I have looked at your financials and as you know stocks trade in the future and not in the past. You did get my attention with sales contract and hopefully full productions by year ends. You have a $5,000,000 financial backer in Dutchess Capital and a NASDAQ Manufacturer to manufacture your MIT1000 and I believe they know a whole hell of lot more then I know. I do own a small position. (120,000) shares and am looking to increase that to a million if everything checks out. May I share this email with others MMTC investors on Inverstorshub.com? The MMTC board has started to see more interest.

June 1st
Good Morning

I think that your conclusions are well reasoned and correct. I look forward to staying in touch and we would appreciate your carrying the "MMTC" torch to your colleagues. ..

Best Regards,

Michael W. Brennan
Chairman
Micro Identification Technologies

Direct:
Telephone: (805) 557-xxxx
Facsimile: (805) 557-xxxx
Cell: (818) 585-xxxx
Email: [e-mail]

Office:
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]