Major research report on MDLH just released by Grass Roots Research and Distribution, Inc.
February 16 2010 - 3:35PM
PR Newswire (US)
DENVER, CO, Feb. 16 /PRNewswire-FirstCall/ -- Medical International
Technology (MIT) Inc. (MDLH.OB) http://www.mitneedlefree.com/ is
pleased to announce the publication of a major research report of
its symbol MDLH by Grass Roots Research and Distribution, Inc.
Grass Roots Research and Distribution, Inc reports that a unique
product portfolio, superior technology and a proven business model
are key growth drivers for Medical International Technology Inc.
The report forecasts that the Company's Fiscal Year End (FYE)
October 31, 2010 will grow to $2.3 million and to more than $100.9
million by FYE 2015. Grass Roots Research and Distribution, Inc,
based on certain assumptions of the company's budget targets,
expects Medical International Technology Inc. to represent an
exciting long-term investment opportunity. For full report, please
visit: http://www.cohenresearch.com/Images/107_02_15_2010.pdf "We
are extremely pleased with this research report and its positive
outlook on MIT's technology and potential growth" said Mr. Karim
Menassa, President and CEO of Medical International Inc. "We firmly
believe that our partnership and business relationship with China
and other world markets will propel our revenue growth and increase
shareholders value." Medical International Technology Inc. is proud
to continue providing a safe and effective means to help prevent
the spread of deadly diseases to both humans and animals through
the use of the Med-Jet(R) and Agro-Jet(R) needle-free injection
system. About Medical International Technology, Inc. MIT CANADA,
with offices in Montreal, is a subsidiary of Denver, Colorado-based
Medical International Technology, Inc. (MIT USA), which specializes
in the development, production, marketing and sale of needle-free
injectors both for humans and animals, for individuals and mass
vaccinations. The statements which are not historical facts
contained in this press release are forward-looking statements that
involve certain risks and uncertainties, including but not limited
to risks associated with the uncertainty of future financial
results, additional financing requirements, development and
acquisition of new product lines and services, government approval
processes, the impact of competitive products or pricing a
technological changes, the effect of economic conditions and other
uncertainties, and the risk factors set forth from time to time in
the Company's SEC reports, including but not limited to its annual
report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and
any reports on Form 8-K. Medical International Technology Inc.
takes no obligation to update or correct forward-looking
statements. DATASOURCE: MEDICAL INTERNATIONAL TECHNOLOGIES INC.
CONTACT: Karim Menassa, President and CEO, (514) 339-9355; Harold
Gervais, MBA, Vice-President and CFO, (514) 339-9355; Dr. Francis
Bellido, PhD, MBA, Vice-President and Chief Strategy Officer, (514)
339-9355; ; http://www.mitneedlefree.com/
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