Micro Imaging Technology Inc (MMTC)

[dogma]

ONCE AGAIN IT WILL BE OSI JV venture
OSI Systems, Inc.(Nasdaq: OSIS )
They are the one that is manufacturing the MIT1000.
They have invested alot of their time and money.

This is from KGEM

Dogma - there is no doubt about it, OSI is likely to joint venture with MMTC and based on past history, OSI will likely buy MMTC just as soon as orders start to pour in. OSI typically buys three or four small companies every year, and they have a history of helping to develop the companies they evertually buy. OSI designed most of the MIT 1000, and the designed the specialized photo sensors that make the system work.

In addition, another reason for increasing the A/S, is to protect a company from an unwanted takeover - one that would not be beneficial to share holders.


Kgem