DENVER, CO, Nov. 5 /CNW Telbec/ - Medical International Technology Inc. (MDLH. PK) (
http://www.mitcanada.ca http://www.mitinvest.ca), is pleased to announce that it has received a Non-Refundable deposit of 1.3 Million Dollars for the worldwide rights to market and sell all of Medical International Technology Inc.'s present and future Needle-Free Jet-Injectors for the human and animal markets. This deposit is part of an agreement under negotiation, which will be disclosed when finalized.
Over the past 12 months, "MIT" has consolidated its efforts, has significantly strengthened its team and has reorganized its marketing/sales departments and financial bases in anticipation of its future growth. The results achieved will be reflected during the 2007 / 2008 fiscal year.
Medical International Technology Inc. is in negotiations with major worldwide distributors and possible Joint-Venture partners in different countries around the world for its present and future Jet Injector products in the human and animal fields.
Medical International Technology Inc. is pleased 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 systems.
Medical International Technology Inc. also announces its filling of the September 30, 2006 fiscal year-end 10K.