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Micro Imaging's Chief Executive Officer, Michael Brennan, declared, "We are pleased to put this behind us so we can concentrate our efforts on continuing the growth of our Company. Further information is available by viewing MIT's latest Form 10Q filing with the SEC on September 21, 2009; Disclosure Item 1 - Legal Proceedings."
About Micro Imaging Technology:
The Company has developed and patented a technology for rapid microbe identification (ID) the MIT 1000 System ("System"). The System ID process is significantly different from all conventional ID methods and does not rely on chemical or biological agents, conventional processing, fluorescent tags, gas chromatography or DNA analysis -- the process is totally GREEN requiring only water and a sample of the unknown bacteria. www.micro-imaging.com
MIT recently completed an extensive, almost one-year in duration, evaluation by the AOAC Research Institute which included independent rigorous testing and thorough reviews by the AOAC RI and its expert reviewers, including the U.S. Department of Agriculture. The AOAC RI Report is available from the Company. www.aoac.org
Further, MIT has demonstrated the ability to detect and identify, within several minutes, the microbes Escherichia coli, Listeria, Salmonella, Staphylococcus aureus, and other pathogenic bacteria. MIT recently performed over 300 tests for the identification of the aforementioned contaminants and scored 95% accuracy. The System can currently identify 23 species of bacteria and is easily expandable. The identification process has been verified by North American Science Associates, Inc. (NAMSA), an independent, internationally recognized biological testing laboratory. The NAMSA Test Report, in MIT's opinion, demonstrated the accuracy, speed and cost effectiveness of the System over conventional processes and is also available from the Company. www.namsa.com
This release contains statements that are forward-looking in nature. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions are forward-looking statements. These statements are made based upon information available to the Company as of the date of this release, and we assume no obligation to update any such forward-looking statements. These statements are not guarantees of future performance and actual results could differ materially from our current expectations. Factors that could cause or contribute to such differences include, but are not limited to dependence on suppliers; short product life cycles and reductions in unit selling prices; delays in development or shipment of new products; lack of market acceptance of our new products or services; inability to continue to develop competitive new products and services on a timely basis; introduction of new products or services by major competitors; our ability to attract and retain qualified employees; inability to expand our operations to support increased growth; and declining economic conditions, including a recession. These and other factors and risks associated with our business are discussed from time to time within our filings with the Securities and Exchange Commission.
CONTACT: Michael Brennan Chairman Email: Email Contact Telephone: (805) 557-0614
SOURCE: Micro Imaging Technology, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=C2865B3B469D3E91
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