Replies to post #3127 on Micro Imaging Technology Inc (MMTC)

[Kgem]

Absolutely right River77. In the coming weeks we should see PRs regarding production and sales. Don't forget, OSI Systems is producing and developing this technology for MMTC, and just look at all their connections. OSI would not be involved with MMTC if they didn't think they could make money on this investment.


Kgem

[vinwin]

Some Info On MMTC's Production Source

For some of the newcomers who might have not seen these details:

OSI Systems, Inc., together with its subsidiaries, designs, manufactures, and sells specialized electronic systems and components for applications in homeland security, healthcare, and defense and aerospace markets worldwide.

OSI Systems, Inc., 2010 Results
Total Revenue 595 Million
Net Income Applicable To Common Shares $23 Million
Cash And Cash Equivalents 52 Million
Total Current Assets 349 Million


From MMTC Business Plan (See Sticky Note at top of board)
OSI has also agreed to share pre-production and engineering costs and have always been the source of the System’s proprietary optical components. This relationship will result in excellent MIT gross margins, international support and quality assurance.