Medical International Technology (MIT) Inc. targeting a multi-billion dollar market with 3 new products
09 February 2010 - 1:30AM
PR Newswire (US)
DENVER, CO, Feb. 8 /PRNewswire-FirstCall/ -- Medical International
Technology Inc. (MDLH.OB) http://www.mitneedlefree.com/ (MIT) is
pleased to provide the following information about its new products
for human diabetes, dentistry and poultry applications and their
market potentials. Diabetes The International Diabetes Federation
states that the diagnosis rate of diabetes has increased over the
last two decades from 30 million to 246 million people with a
disproportionate ratio coming from the United States, India, and
China. Medical International Technology Inc. is targeting this huge
market with their newly developed Med-Jet model MIT-P-I within the
next 8 to 10 month. "With our successful Chinese joint venture, MIT
intends to introduce this new product in China first, thereafter we
will have enough production capacity to sell all over the world",
said Mr. Karim Menassa. The Med-Jet MIT-P-I is designed to be safe,
precise, accurate, effective, easy to use and friendly to the
environment. Dentistry According to the World Health Organization
(WHO) statistics, last updated 26 October 2004, the number of
dentists in the world was numbered in the millions. There are
234,104 registered Dentist in the USA, 18,861 in Canada, 50,920 in
China and it is estimated that 400,000 will be needed by 2030.
Statistics show there is an estimated average of 6 to 10 dentists
for every 10,000 people in Europe. It is estimated that 150,000
U.S. dentists could administer about 120 million doses of local
Anaesthetics per year for the gums, for a total market of about
$3.5 billion. Medical International Technology Inc. is targeting
this lucrative market with their Med-Jet model MIT-H-VI within the
next 12 to 16 month. MIT intends to introduce this new product in
North America first; other countries will follow shortly after. In
the Dental Office, painful needle injections are enough to make
even the most rational person skip dental visits. The Med-Jet
MIT-H-VI will finally bring an end to traumatic dental visits.
Poultry Vaccinations MIT's newly designed Agro-Jet model MIT-XII
will help prevent the spread of deadly diseases by providing a
needle-free alternative to the vaccination of billions of day-old
baby chicks yearly. This high speed vaccinator will be able to
inject thousands of birds per hour safely, precisely, accurately,
effectively, with ease of use and friendly to the environment.
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; Harold Gervais, MBA,
Vice-President and CFO, (514) 339-9355;
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