Contact Information: FOR FURTHER INFORMATION, CONTACT: Michael Brennan Chairman Micro Imaging Technology, Inc. Email: Telephone: (805) 557-0614
Micro Imaging Technology Names Vice President Business Development
| Source: Micro Imaging Technology, Inc.
SAN CLEMENTE, CA--(Marketwire - August 7, 2007) - Micro Imaging Technology, Inc. (OTCBB : MMTC ) announced that John Ricardi has been appointed Vice President
Business Development.
Mr. Ricardi brings 30 years of experience in commercializing and developing
sales for high-technology products and systems to his new position with
MIT. He most recently served as Vice President Sensor Products at JMAR
Technologies where he led the development and commercialization of the
company's real-time water monitoring system since its conception and was
responsible for all aspects of the Sensor business segment. From 1997
through 1999, Mr. Ricardi served as Vice President of Corporate Development
for JMAR Technologies Inc. and as Senior Vice President of Sales and
Marketing of JMAR's Precision Systems operation in Chatsworth, California.
Prior to JMAR, he held senior sales and marketing positions with the
Imaging Systems Division of Datron Advanced Technologies, a
California-based manufacturer of advanced telecommunications products.
"John's knowledge of the water industry, coupled with his engineering
background and business development experience, makes him a perfect fit to
plan and execute the commercialization of our unique rapid pathogenic
detection system," stated Michael Brennan, MIT's Chairman and CEO. "We are
very pleased to have John on our team."
Micro Imaging Technology (MIT)
The Company's subsidiary, MIT, has developed and patented a laser-based
technology for rapid microbe detection and identification. The system
measures scattered light intensity as individual microbes pass through a
laser beam. The intensity pattern of the scattered light is a direct
consequence of the size, shape and external and internal optical
characteristics of the microbe. The MIT System is non-biological and does
not rely on biological agents, conventional chemical processing,
fluorescent tags, gas chromatography or DNA analysis.
MIT has demonstrated the ability to detect and identify, within several
minutes, the microbes Escherichia coli, Listeria, Salmonella,
Staphylococcus aureus, Shigella and other pathogenic bacteria. The
identification process has been verified by North American Science
Associates, Inc. (NAMSA), an independent, internationally recognized
biological testing laboratory. The Test Report, in the Company's opinion,
demonstrated the accuracy, speed and efficiency of the MIT system over
conventional processes and is available from the Company.
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.