SAN CLEMENTE, CA -- (MARKET WIRE) -- February 13, 2007 -- Micro Imaging Technology, Inc. (OTCBB: MMTC) is pleased to announce a Private Placement of 2.76 million shares of the Company’s common stock to Ms. Brenda Bladow, a private investor, for a price of $0.50 per share. The Company realized $1,380,000 from the transaction. In addition, the Company’s largest shareholder, Mr. Anthony Frank, has agreed to convert approximately $1.5 million of a convertible debt into the Company’s common stock at a conversion price of $0.25 per share.
