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Data from a Centers for Disease Control and Prevention (CDC) report released recently indicates that an astonishing 76 million cases per year of food borne illness arise in the US alone, and while many of these cases merely cause inordinate discomfort or illness for a few days, 325k hospitalizations resulting from serious illness and an unacceptable 5k deaths are created due to a lack of such systems as the MIT 1000.

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GOLDEN CROSS ALERT:

50/200 crossover soon

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As with any other up-and-coming company, a top-notch management team will be key to its future success. Micro Identification Technologies has a solid management team in place

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Michael W. Brennan – Chairman and President

Mr. Brennan has spent has over 25 years within the computer industry and participated in the founding of four companies that successfully became publicly-held companies through IPOs. Three of these companies are listed on the NASDAQ – Computer Automation, Interscience and Symmetricom. One company is listed on the London Stock Exchange – Optim.

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Victor A. Hollander – Director and Chief Financial Officer

Mr. Hollander was licensed to practice public accounting in California in 1958. In 1965, he established and was the partner in charge of the Los Angeles office of a large New York CPA firm where he specialized in audit and securities matters. In 1978, Mr. Hollander left and formed the accounting firm of Hollander, Gilbert, & Co. In 2002, he joined Weinberg & Company as managing director.

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The system works by measuring 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. By measuring scattered light at specific angles, MIT’s system detects and differentiates objects the size of bacteria, protozoa, yeasts and molds.

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Micro Identification Technologies Inc. (MIT) (MMTC) is focused on becoming a global leader in developing, supporting and marketing rapid systems and processes that detect and identify microbial organisms. For several years the company has been working on the development of a breakthrough, laser-based microbial identification technology. This technology has been designed to be extremely fast and easy to use while not relying on conventional chemical or biological processing, fluorescent tags, gas chromatography or DNA analysis.

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The company’s technology offers significant advantages over today’s methods of microbial detection, including lower cost, rapid results, easier use and the ability to test for multiple bacteria in one process. The system is statistically based and includes a unique MIT Microbe Library of pre-measured light scattering identifiers - or fingerprints - derived from the measurements of tens of thousands of individual microbes for each species and subspecies to be detected.

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MIT’s technology has the potential to revolutionize the $5 billion rapid microbial test market by annually saving thousands of lives and tens of millions of dollars. Since 1998, the industry has had an annual expansion of 9.2 percent - with growth projections for 30 percent annually. MIT is well positioned with its cutting-edge microbial technology as demand continues to soar as a result of major health, safety and homeland security issues

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MMTC INSIDER BUYING

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7230060

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7230049

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7299086

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MMTC Led By Stellar Board

Micro Identification Technologies Inc., pioneering creator of the world’s only non-biological system for identifying pathogenic microbes – one of the most unique and promising developments in recent medical history, is guided by an equally remarkable board of directors.

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Michael W. Brennan

The company’s Chairman and President, Mr. Brennan has over 25 years in the computer industry, and participated in the founding of four publicly held companies (three currently on NASDAQ). With a B.S. in Electrical Engineering from USC, and an MBA from Pepperdine, he is also an adjunct faculty member for the University of Phoenix.

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Victor A. Hollander

In his role as Director and Audit Committee Chairman, Mr. Hollander makes use of his extensive professional accounting experience. First licensed to practice public accounting in California in 1958, he soon established the Los Angeles office of a large New York CPA firm where he specialized in audit and security matters. He then formed his own accounting firm, and later joined Weinberg & Company as Managing Director of the West Coast Group.

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Ralph W. Emerson

As company Director, Mr. Emerson has product R&D affiliations with some of the world’s leading biotech firms, and has held academic and research positions at the UC Irvine Medical School and UC Davis. He is a noted microbiologist, with the development of numerous patented products. He is president of Emovations Science & Technology, a partner in FREM Biosciences, and a director of the Kary Mullis Research Foundation as well as Altermune, Inc. He is also a Fellow at Harvard University.

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Anthony M. Frank

Mr. Frank, a majority shareholder of MIT, is a former Postmaster General, as well as Chairman of the Board and CEO of First Nationwide Bank, the 2nd largest consumer banking operation in America. He also serves on the boards of Charles Schwab & Co., and Transamerica Corporation

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Over the last year MIT produced the PC-based MIT 1000 Microbial Identification System in limited quantities and had several distinguished earlier users, including the U.S. Department of Agriculture ARS, Japanese Ministry of Food Safety, University Putra Malaysia and local contract laboratories. MIT’s Chairman stated, “The MIT 1000 is patented, independently tested and is a certified test method for food safety. More importantly, it can annually save thousands of lives and tens of millions in healthcare costs by the rapid identification of pathogenic bacteria and other microbes.” Mr. Brennan added, “We are on track with this year’s goal to begin quantity deliveries in 4Q 2010, but need to increase our system support and microbiological research capabilities in conjunction with supporting the food industry’s obvious safety requirements.”

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The House recently approved the first major changes to food-safety laws in 70 years, giving broad new authority to the Food and Drug Administration (“FDA”) to regulate the way food is grown, harvested, processed and delivered — The Food Safety Bill. The Washington Post noted, “These actions follow a wave of food-borne illnesses over the past three years, involving products as varied as spinach, peanuts, cookie dough and meat, which has shaken consumer confidence and made the issue a priority for congressional leaders and the White House. Food illnesses sicken one in four Americans and kill 5,000 each year, according to government statistics. Tainted food has cost the food industry billions of dollars in recalls, lost sales and legal expenses. Under the legislation, the FDA will get new enforcement powers and be able to impose beefed-up civil and criminal penalties. One provision allows the FDA to declare food ‘adulterated’ simply if the grower or manufacturer has failed to follow safety standards, regardless of whether the food is actually tainted.”

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USDA orders recall of 143 million pounds of beef

http://www.cnn.com/2008/HEALTH/02/17/beef.recall/index.html

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i wonder if the MIT 1000 could have identified the problem before the meat was shipped out?

Micro Identification Technologies Inc. offers something that is entirely unique in the medical world: the only general non-biological system for identifying pathogenic microbes known to exist. They invented it, perfected it, patented it, and now sell it as the MIT 1000. However, the fact that their product is one-of-a-kind is not its most important quality. The most important aspect of the MIT 1000 is what it can do, specifically its remarkable ability to identify various species of pathogenic bacteria in a tiny fraction of the time required by all other traditional identification methods, through the innovative use of laser light.

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$$$ COMING SOON LOOK WHAT THE CHAIRMAN SAID $$$

Do you have sales contracts already and if so how many?
a) Yes, we have received sales contracts but have not publicly disclosed the client or contract value.

Posted by: Quickinvestmentss Date: Tuesday, June 15, 2010 12:37:08 AM

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INSIDER BUYING

http://www.otcmarkets.com/edgar/GetF...lingID=7230060

http://www.otcmarkets.com/edgar/GetF...lingID=7230049

http://www.otcmarkets.com/edgar/GetF...lingID=7299086

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MIT’s technology has the potential to revolutionize the $5 billion rapid microbial test market by annually saving thousands of lives and tens of millions of dollars. Since 1998, the industry has had an annual expansion of 9.2 percent - with growth projections for 30 percent annually. MIT is well positioned with its cutting-edge microbial technology as demand continues to soar as a result of major health, safety and homeland security issues

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read these posts from the past week alone (Links provided for full articles):

Posted: 4:48 p.m. Friday 6/25/10
Spinach recall expands
Raleigh, N.C. — The North Carolina Department of Agriculture and Consumer Services expanded a recall of bagged spinach Friday after the presence of bacteria was detected in product samples.
http://www.wral.com/lifestyles/food/story/7857005/

June 25, 2010, 4:36 PM EDT
Kellogg Recalls 28 Million Boxes of Breakfast Cereals
In January, Kellogg was ordered by the FDA to improve sanitation controls at an Atlanta plant. The FDA letter, made public on the regulator’s website the following month, came after Eggo buttermilk waffles were found to be contaminated with Listeria bacteria.
http://www.businessweek.com/news/2010-06-25/kellogg-recalls-28-million-boxes-of- breakfast-cereals.html

Jun 23, 2010
Marie Callender Chicken and Rice Frozen Dinner Recall Issued for Salmonella
A Marie Callender frozen food recall has been issued following a salmonella outbreak that has sickened at least eight people.
http://www.aboutlawsuits.com/marie-callender-frozen-dinner-recall-11011/

Updated: June 20, 2010 01:52 AM EDT
Spaghettio's Recall - Undercooked Meatballs and Pasta Can Make You Sick
Yet, another recall has been established in the food industry. This time by Campbell's , whose Spaghettio's products, cooked in a giant cooker in a factory, malfunctioned and left their pastas and meatballs undercooked. Appetizing as Spaghettio's is, eating anything from a can can't be very nutritious or safe for you anyway. A lot of preservatives are added to the food to keep it from spoiling and developing bacteria while sealed up. If the can is contorted in any way, or if you open a can of soup and it smells weird, bacteria has been breeding in there.
http://food.gather.com/viewArticle.action?articleId=281474978311817

June 24, 2010 7:13 AM EDT
South Gate, Crown I recall E.Coli-affected hamburger beef
South Gate recalled 35,000 pounds of ground beef produced between June 7 to June 21, 2010. The beef was primarily supplied to facilities in Los Angeles and Orange County, California while Crown I Enterprises recalled 3,700 pounds of ground beef produced during June 11 to June 15, 2010 and shipped to food service institutions in Connecticut., New Jersey and New York. The issue was identified when a routine recalls check conducted by FSIS turned positive for E.Coli test.
http://www.ibtimes.com/articles/30480/20100624/hamburger-ground-beef-recalled.ht m

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these companies should have employed the MIT 1000 - they could have saved themselves a lot of money:

Micro Identification Technologies Inc. offers something that is entirely unique in the medical world: the only general non-biological system for identifying pathogenic microbes known to exist. They invented it, perfected it, patented it, and now sell it as the MIT 1000. However, the fact that their product is one-of-a-kind is not its most important quality. The most important aspect of the MIT 1000 is what it can do, specifically its remarkable ability to identify various species of pathogenic bacteria in a tiny fraction of the time required by all other traditional identification methods, through the innovative use of laser light.

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it's a $5 billion market

MIT’s technology has the potential to revolutionize the $5 billion rapid microbial test market by annually saving thousands of lives and tens of millions of dollars. Since 1998, the industry has had an annual expansion of 9.2 percent - with growth projections for 30 percent annually. MIT is well positioned with its cutting-edge microbial technology as demand continues to soar as a result of major health, safety and homeland security issues

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