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QualityStocks: QualityStocks News - Micro Imaging Technology, Inc. (MMTC.OB) Joins with OPH Ltd. in Development Deal - 6/29/09

Wed. July 01, 2009; Posted: 05:22 AM
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Jul 01, 2009 (M2 PRESSWIRE via COMTEX) -- MMTC | Quote | Chart | News | PowerRating -- QualityStocks would like to highlight Micro Imaging Technology, Inc. (OTCBB: MMTC). MIT is a California-based public company that has developed and patented a rapid microbial ID System that can revolutionize the pathogenic ID process and annually save thousands of lives and tens of millions of dollars. The System IDs bacteria in minutes, not days, and at a significant per test cost savings when compared to any conventional method.

In the company's news yesterday,

Micro Imaging Technology, Inc. announced that it has entered into a strategic business development relationship with OPH Ltd. Hong Kong, crucial to securing a manufacturing partner in Asia. OPH will also develop this market for the Micro Imaging Technology (MIT) 1000 Rapid Microbial Identification System by working closely with existing MIT and its distributors to identify and select other strategic partners to expand the company's business in Asia. MIT recently received Performance Test Method Certification for the Identification of Listeria from the AOAC Research Institute and is now focused on accelerating the commercialization of the MIT 1000.

David Harris, chairman of OPH Ltd. stated, "The MIT 1000 technology is truly a revolutionary development in rapid detection of microbial pathogens. We are very pleased and excited to partner with MIT in delivering these exceptional technological benefits to Asian producers and consumers. The speed, accuracy and cost-savings provided by the MIT 1000 System will improve the operational efficiencies and bottom line for food and pharmaceutical manufacturers and, most importantly, will contribute to the advancement of the overall safety of their global supply chains."

Michael Brennan, MIT's Chairman and CEO added, "OPH has helped numerous companies quickly and successfully expand their businesses to Asia. Given our objectives of establishing a global presence and lowering product cost, we see the partnership with OPH as a significant first step in our international growth goals."

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Forward-Looking Statement: This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

CONTACT: Michael McCarthy, Managing Director, QualityStocks.net Tel: +1 480 308 0703 Fax: +1 480 467 0312 e-mail: editor@QualityStocks.net WWW: http://www.QualityStocks.net

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For full details for MMTC click here.

    


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