Friday, November 18, 2011 9:19:27 AM
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8:00 AM ET 11/18/11 | Marketwire
Michael Brennan, CEO and Chairman of Micro Imaging Technology, Inc. (OTCBB: MMTC) (OTCQB: MMTC), the developer of a patented stand-alone optically-based pathogenic bacteria identification system, was interviewed November 17, 2011. The interview provided an overview of the Company, its technology and an update on the Company's recent achievements. In addition, it provides a brief outlook of how MIT views its business opportunities in the coming months.
The interview was held on November 17, and can be heard at http://www.blogtalkradio.com/stocktraderstalk. The interactive question and answer session can be accessed from the main room at http://stocktraderstalk.com. An archived recorded version can be found on the homepage of Stock Traders Talk at www.stocktraderstalk.com, following the live interview.
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About Micro Imaging Technology:
MIT is a California-based public company that has developed and patented a Microbial Identification System that revolutionizes the pathogenic bacteria diagnostic process -- specifically focusing on food safety. The MIT 1000A identifies bacteria in less than five (5) minutes and with a material cost of pennies -- adding credence to MIT's claims of being able to annually save thousands of lives and tens of millions of dollars in health care costs.
Revenues for all rapid testing methods exceed $5 billion annually -- with food safety accounting for over $3.5 billion, which is expected to surpass $4.7 billion by 2015 according to BCC Research. In addition, the recently passed "New" U.S. Food Safety Bill is expected to further accelerate the current annual growth rate of 6.6 percent.
MIT previously completed an extensive evaluation by the AOAC Research Institute (AOAC RI) which included rigorous independent testing and thorough reviews by its expert examiners, including the U.S. Department of Agriculture. This evaluation process resulted in MIT being awarded the prestigious AOAC RI Certificate of Performance Testing (Certificate No. 060901). The AOAC RI Report is available from the Company. www.aoac.org
MIT also demonstrated the ability to detect and identify, within several minutes, the microbes Escherichia coli, Listeria, Salmonella, Staphylococcus aureus, and other pathogenic bacteria. This identification process was also verified by North American Science Associates, Inc. ("NAMSA"), an independent and internationally recognized bioscience testing laboratory. The NAMSA Test Report is also available from the Company and, in MIT's opinion, demonstrates the accuracy, speed and cost effectiveness of the System over conventional processes. The NAMSA Report is also available from the Company. www.namsa.com
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