Ok folks, this is my take on what's been going on. The reason the stock is where it is for the moment is because Duthchess is still getting their $$$ at the bid and that's also the reason we haven't received a PR about the contracts that are already signed:
a) Yes, we have received sales contracts but have not publicly disclosed the client or contract value.
We know there are dealing with diverse Asian countries that have millions (and Billions if we're talking China) of people. Frankly, they have hygiene issues, and that's why they have had SARS, the bird flu, etc.
Dirty, backwards places need radical solutions that Micro Image Tech can tackle! Every country in the world will first buy this, see that it works, and then make this mandatory in their Food and Pharmaceutical Departments!
That's also why OSIS is involved in producing this, and what do you think that means? You think they're only going to make 3 or 4 of these? lol I don't think so! We will soon get millions in sales! JMHO!
Here are some of the countries mentioned in a PR:
Micro Identification Technologies, Inc. (OTC.BB:MMTC - News) announced that it has expanded the contract of its Distributor, Biotek Sdn Bhd to train all MIT distributors in Asia on the operation and service of the MIT 1000 Rapid Microbial Identification System. Currently, Biotek has facilities in Malaysia and is responsible for sales and service in Malaysia and other ASEAN countries that include: Indonesia, Singapore, The Philippines, Thailand, Cambodia and others. MIT currently has Asian distributors in Vietnam, South Korea, Japan, India and Turkey and plans to add others later this year.
(Note: there are now over a billion people in India)
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