Micro Imaging Technology Inc (MMTC)

[JaneyHartchfield]

KGEM - mgmt did not keep its promise. do not kid yourself or others. here was their promise:

SAN CLEMENTE, CA--(Marketwire - 09/14/10) - Micro Identification Technologies, Inc. (OTC.BB:MMTC - News) (MIT) announces that its plans to start production of the MIT 1000 System remain on-track to begin later this year. Critical sub-system electronics were successfully tested and the remaining tasks that include the build and test of the first production System present no additional challenges for MIT and its contract manufacturer, OSI Optoelectronics.


They have built, but not fully tested the first production system. And, they are not 'in production' with the units. Pls do not try to pass off putting together 1 not-fully-tested unit as starting production.


SAN CLEMENTE, CA--(Marketwire - 01/04/11) - Micro Identification Technologies, Inc. (OTC.BB:MMTC - News) (MIT) announced that it received the first production MIT 1000 System from OSI Optoelectronics (OSIO), a subsidiary of OSI Systems on December 24, 2010 and stated that initial test results are superb.


All that bummerness said, their latest promises - actual production in Q1 2011 - are not that bad and very much what i had as expectations. This start-up stuff is not easy and if they can stay even 1Q behind schedule that is OK with me. I have stated many times that I am not expecting any pay back on my investment until the summer.