Contact Information: CONTACT: Michael Brennan Chairman Email: Telephone: (805) 557-0614
MIT Makes the Finals for Adaptive Business Leader's 2008 Innovations in Healthcare Awards Event
| Source: Micro Imaging Technology, Inc.
SAN CLEMENTE, CA--(Marketwire - March 10, 2008) - Micro Imaging Technology, Inc. (OTCBB : MMTC ) announces that its product, the MIT 1000 Rapid Microbial
Identification System, has made the Finals for Adaptive Business Leader's
(ABL) 2008 Annual Innovations in Healthcare Awards. MIT reported in
January that it reached the semi-finals. The winner will be chosen at
ABL's annual conference in April 2008 where the Company will exhibit the
MIT 1000 and discuss the System's capabilities and value to society to
ABL's selection committee and other competing companies. The MIT 1000's
ability to identify a variety of bacterial species in minutes after
culturing, for a test cost of less than 10 cents, has been the key to MIT's
success in this competition.
For the past nine years, ABL has reviewed new product innovations from
several hundred companies and recognizes those innovative providers and
producers of medical devices that offer society the greatest value by
decreasing healthcare-related costs and increasing quality.
"We are pleased to have reached the Finals for this prestigious award and
to have the opportunity to present and discuss the value of the MIT 1000
System at the upcoming ABL annual conference," stated Michael Brennan,
MIT's Chairman.
About Adaptive Business Leaders Organization
Celebrating its 25th anniversary year, ABL's Organization's mission is to
help health and technology leaders grow great companies. ABL does this
through its eight monthly, industry-specific Round Tables held throughout
California, and frequent Conferences, Workshops and Events. In their
confidential Round Tables, ABL Members -- who are CEOs, Presidents,
COOs and Division General Managers of Health and Technology companies --
openly seek from and share with each other candid advice, best practices
and innovative approaches for capitalizing on market trends and
opportunities to assure they are well positioned for business and personal
success.
About Micro Imaging Technology
The Company has developed and patented a technology for rapid microbe
detection and identification. This 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 NAMSA 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. The MIT
1000 System was recently featured in a Rapid Microbiology international
newsletter and can be viewed at
http://www.rapidmicrobiology.com/news/1231h0.php?s=MIT.
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.