Micro Imaging Technology Inc (MMTC)

[dogma]

email from John
I sent John an email about the Webinar and a couple of questions about the MIT 1000 and Dutchess financing
It seemed Smitter was right about Dutchess having to sell their MMTC stock after purchasing from MMTC. The problem is that the volume and PPS is to low for MIT to draw down on. They have not drawn down any finance from Dutchess. Read below

Emily works at Grassland butter in Quality and Control Dept(Grassland.com) America's largest butter producting plant. I have contacted my bother who works for Grassland and he put me in touch with Emily who looked over the MIT 1000 and confirmed that it does work. Emily also was going to contact several labs that she works with to see what they think of the MIT 1000. I haven't heard back from her yet and will keep you in touch.
Dogma

EMAIL MESSAGE
XXXXX, sorry for not understanding your question. We have not been contacted by major media channels as of yet, but suspect we will once we get some traction.

XXXXX, Emily is “spot on” in her summary of testing within the dairy plant……….disposal of the bacteria is the problem. Only those companies that can afford to build a lab that is separate from their “production” do their own testing and even they also send a portion to outside labs for confirmation. So, contract labs in addition to the food processors are target customers for us. It would be better for us to talk with their contract lab instead of them.

The Dutchess equity draw down Agreement is very dependent on stock price and volume. We can only draw down cash based upon a portion of stock that they can sell. The actual formula is share volume*price*0.95. So at our current $.025 cent price, they would need to sell an average of 2M shares / day over a 10 day period for us to get $47.5K. Presently, our volume is about 200K/day, so this translates into about $9.5K/month. Our goal is to get our stock to upwards of 6 cents and our volume to 500K that would net us about $57K / month. We can draw down up to $5M given the aforementioned formula. So, this contribution is part of the $2.5M discussed. You should be able to get the details of the Dutchess Deal in our recently filed 10Q or by going to the SEC site for MMTC. If not, let me know and I will direct to the exact place.

Thanks again for your interest and support.

Best regards,
John