Micro Imaging Technology Inc (MMTC)

[ysung]

Janey, from my various communications
with the company, they would need
1.8 mil to fully push their plan including
production and mkting for the next 18
month or so.

I asked about 5 mil Dutchess deal but
this thing is not working as they had
thought because of extremely low
pps and lack of volume.

So, they really have to come up with
alternative financing plan.

secondly, you had e.mail like 4 month
ago for some sales lead from the co.
and this thing is more disturbing to
be honest with you.

they should have sold one by now
and once you start to book some
products, financing get much easier
as bank or factor company always
want to see hardcopy orders.

when you have no orders at all, then
everything becomes" big if" no matter
how you make the presention of the
product, it really does not matter.