June 25, 2009 (FinancialWire) — Medical International Technology Inc. (OTC: MDLH) said it has received a $500,000 private placement from its Chinese partners and a new order of 200 units.

This private investment was done in two issuances. The first covered a total of $250,000 at $0.10, with the second covering $250,000 at $0.14. In a statement, the company said the investment and the new order show “the beginning of a strong commitment and a step towards a successful long-term relationship between MIT and its Chinese partners.”

MIT said that its partner, China-based Jiangsu Hualan MIT Medical Technology, is actively promoting and selling MIT’s Agro-Jet needle-free jet injector for animal application, and Med-Jet for human application, and is in the process of obtaining the certification for the production and sales of both models.

The company said that, with the recent deaths from the outbreak of the “swine-flu” H1-N1 and the increased fear of the possible pandemic that could affect millions of people around the world, MIT and the joint venture, MIT China, will be “strongly promoting” Med-Jet and the Agro-Jet.

MIT added that the MIT China venture is the beginning of a few joint venture agreements to be negotiated within the next several years.

Denver, Colorado-based Medical International Technology specializes in the development, production, marketing and sale of needle-free injectors both for humans and animals, for individual and mass vaccinations.

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