Tuesday, December 13, 2011 1:45:50 PM
SAN CLEMENTE, CA--(Marketwire - Oct 25, 2011) - Micro Imaging Technology, Inc. (OTCBB: MMTC) (OTCQB: MMTC) announced that it has received a substantial exclusive licensing proposal from EPIC Corporation that offers initial payments of $2 million and royalty payments in perpetuity for sales of MIT hardware and software technologies. This follows MMTC's July 2011 announcement that EPIC had entered into an MMTC Stock Purchase Agreement and that an EPIC principal had invested in MMTC.
http://www.007stockchat.com/forum/sub-pennies/mmtc-micro-imaging-technology-inc/limit/20/offset/0
EPIC...
The Company will commence selling the SOMNUS Sleep Pad™ and the MIT 1000A with Micro Imaging Technology's bacterial libraries, Listeria, E.coli, Salmonella, and MRSA. In order to obtain funds the Company intends to liquidate some of its investments.
http://investing.businessweek.com/research/stocks/news/article.asp?docKey=600-201111210900MRKTWIREUSPR____0824147-1¶ms=timestamp||11/21/2011%209:00%20AM%20ET||headline||Epic%20Announces%20Plan%20For%20Next%20Twelve%20Months%2C%20Reafirms%20Stock%20Dividend%2C%20and%20Availability%20of%20Statement%20of%20Information%20and%20Financial%20Statements||docSource||Marketwire||provider||ACQUIREMEDIA||realtedsyms|||US%3BEPOR&ticker=EPOR:US
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