Micro Imaging Technology Inc (MMTC)

[diy_investor]

I believe the company should clarify the employment status of John Ricardi. I can wait until later this month when the 10-K is submitted to the SEC.

The company's website indicates that he is the management ranks (see management bios page). Also here is a July 2009 press release indicating his promotion.


http://www.photonics.com/Article.aspx?AID=39054

Micro Imaging Promotes Ricardi
Micro Imaging Technology Inc. of San Clemente, Calif., has promoted John Ricardi to executive vice president, a position created by its board. Ricardi, who is currently chief operating officer, will lead the commercialization program for the company’s microbe identification technology. He will also retain his COO responsibilities. Ricardi has more than 25 years of business development and operational management experience in the life sciences and semiconductor industries. He joined Micro Imaging in 2007 as vice president of business development and was shortly thereafter promoted to COO. The company’s laser-based MIT 1000 system uses light scattering and computer algorithms instead of chemical or biological agents, conventional processing, fluorescent tags, gas chromatography or DNA analysis to identify bacteria contamination for food quality control, clinical diagnostics, pharmaceutical quality assurance, semiconductor processing control and water quality monitoring.


Here is the information Mr. Ricardi provided on his consulting website regarding the company's product.

Managed technical team that brought new laser based life sciences system from conception to production in 1.5 years with $1.2M budget by focusing team and executing detailed program plan.

http://www.hi-tch.com/Success_Stories.html