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Prospector
Profile
117-06
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| Medical International Technology, Inc. |
NAICS |
541711 |
| 1872 Beaulac, Ville Saint-Laurent
Montreal, Quebec, Canada HR4 2E9 |
Description |
Biotechnology R&D |
| (514) 339-9355 |
Employees |
0 |
| http://www.mitcanada.ca/ |
Revenue |
(mil) |
0.3380 |
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Income |
(mil) |
-0.8980 |
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Assets |
(mil) |
0.6550 |
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Liability |
(mil) |
0.6520 |
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(for the year ended 2007-09-30) |
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Category:
Loss/Deficit
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Event:
Medical International Technology, Inc. had a net loss of $898,376 on revenues of $216,652 for the year ended September 30, 2007, much lower than the $1,509,633 net loss on $88,853 in revenues reported for the year ended September 30, 2006. The Company's balance sheet at September 30, 2007, showed an accumulated deficit of $6,971,531 and only $2,938 in stockholders' equity. It also has strained liquidity with $519,781 in total current assets available to pay $638,496 in total current liabilities.
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Intellectual Property:
The Company has obtained trademark registration in United States on the use of AGRO-JET (Reg. No. 2,712,089) and MED-JET (Reg. No. 2,798,613). [SEC Filing 10-KSB 12-21-07]
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Description:
Medical International Technology specializes in the research, development, marketing and sale of needle-free jet injector products designed for humans and animals, for single and mass injections.
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Officers:
Karim Menassa (Chair & Pres.); Michel Bayouk (Sec. & Dir.)
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Auditor:
PS Stephenson & Company PC
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Securities:
27,058,663 common shares outstanding as of September 30, 2007.
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