On April 20, 2012, the Board of Directors of Micro Imaging Technology, Inc. nominated Jeffrey Nunez to the board, which nomination was accepted by Nunez, and then the board engaged Nunez to fill the position of President and Chief Executive Officer of the company, with compensation still to be agreed upon, but service to commence immediately. Jeffrey G. Nunez, 52, has provided investment and public relations consulting services to the company since October 2006 and has assisted the company in negotiating and concluding numerous financing arrangements during his consultancy. Nunez currently serves as Chief Executive Officer and President of Media 3 Communications, Inc. Previously, Mr. Nunez served as Chairman of Lexicon, and led its Advisory Services division. His early work with Government Securities, Corporate Bonds and Municipal Bonds led him to Shearson Lehman Brothers as Vice President of Investments and then Prudential Securities Inc. as Senior Vice President of Investments.