|[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934      
|----------------------------------------------------------------------------------------
|For the fiscal year ended     September 30, 2003                                        
|                                                                                        
|[  ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|For the transition period from                                   to                     









|Medical International Technology, Inc.                           
|-----------------------------------------------------------------
|(Exact name of small business issuer as specified in its charter)
|                                                                 
|2281 Guenette, Ville Saint-Laurent                               
|Montreal, Quebec, Canada HR4 2E9                                 
|(514) 339-9355                                                   
|Address of Principal Executive Offices                           





|Colorado                
|------------------------
|(State of incorporation)





|84-1509950                     
|-------------------------------
|(IRS Employer Identification #)





|Securities registered under Section 12(b) of the Exchange Act: None                                   
|------------------------------------------------------------------------------------------------------
|                                                                                                      
|Securities registered under Section 12(g) of the Exchange Act: Common Stock, par value $.001 per share



[X]



Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports, and (2) has been subject to such filing requirements for the past 90 days.



[   ]





Issuer's revenues for its most recent fiscal year:  $211,168



The number of shares outstanding of the Registrant's common stock as of December 24, 2003 was 25,092,600



Transitional Small Business Disclosure Format:   [   ]  YES    [ X ]   NO





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Medical International Technology, Inc.





|Table of Contents                                              |   
|-------------------------------------------------------------- | --
|Description of Business                                        | 3 
|Description of Property                                        | 5 
|Legal Proceedings                                              | 5 
|Submission of Matters to a Vote of Security Holders            | 5 
|Market for Common Equity and Related Stockholder Matters       | 5 
|Management's Discussion and Analysis or Plan of Operations     | 7 
|Financial Statements                                           | 8 
|Changes In / Disagreements with Accountants                    | 22
|Controls and Procedures                                        | 22
|Directors, Executive Officers, Promoters and Control Persons   | 22
|Section 16(a) Beneficial Ownership Reporting Compliance        | 23
|Executive Compensation                                         | 23
|Security Ownership of Certain Beneficial Owners and Management | 24
|Certain Relationships and Related Transactions                 | 25
|Exhibits and Reports on Form 8-K                               | 26
|Index to Exhibits and Reports                                  | 26
|Principal Accountant Fees and Services                         | 26
|Signatures                                                     | 27
|Certification                                                  | 28





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Medical International Technology, Inc.



Description of Business



General



Medical International Technology, Inc. was incorporated in the State of Colorado on July 19, 1999.  The company has one wholly owned subsidiary, Medical International Technologies ( MIT Canada) Canada, Inc., a Canadian company, acquired in June of 2002.

Medical International Technology, Inc. has authorized 30,000,000 shares of common stock, par value$.0001 and 3,000,000 shares of Preferred stock, par value $.001. At September 30, 2003; 21,715,600 shares of common stock were issued and outstanding; No Preferred shares have been issued.

Medical International Technology, Inc.'s common stock is traded on the NASD's Over-The-Counter Bulletin Board exchange under the symbol "MDIR".

The Company has a September 30th fiscal year end.



Description of Business



Medical International Technology, Inc. is based in Montreal, Canada; specializing in the research, development, marketing and sale of needle-free jet injector products designed for humans and animals. Needle-free jet injector technology and products provide advantages over traditional needle injection techniques and products, including; efficiency, handling security, biological waste elimination, and patient stress reduction.

Medical International Technology, Inc. is engaged in the business of research, development, marketing and sales of needle-free jet injector technology and products for humans and animals, for single and mass injections.

Medical International Technology's intends to concentrate its activities in the medical and para-medical sectors, in particular, in the field of instrumentation. The company's strategy is to build a good order agenda for its different products and establish strategic alliances with different pharmaceutical companies and manufacturers to ensure good distribution channels for its products.

The benefits of needle-free injection compared to needle injection, in particular with respect to the features of Medical International Technology products, can be summarized as follows:





|(1) Less tissue damage and less painful;                                                      
|----------------------------------------------------------------------------------------------
|(2) Simple, fast and effective;                                                               
|(3) Easy to use;                                                                              
|(4) Precise, reliable and safe;                                                               
|(5) Good absorption of liquids;                                                               
|(6) Prevents stress from traditional needle syringes and infections from contaminated needles;
|(7) Friendly to the environment (No biological waste);                                        
|(8) Affordable and economical;                                                                
|(9) Efficient use of medication used.                                                         





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Medical International Technology, Inc.



Description of Business (continuation)



Target Products and Market



Animal Sector:



The first product that Medical International Technology, Inc. intends to market is the AGRO-JET (Model MIT II, MIT III). The AGRO-JET technology is a Low pressure, high performance, semi-automatic needle-free injector intended for the general use of the livestock market. The Models MIT II and MIT III is intended to meet the initial market targeted: piglets. Piglets are one of the largest markets in the animal sector, because these animals require a large number of injections during their growth.

The Agro-Jet Models MIT VI and X is a product intended to be marketed in the very short term for other animal markets and for which, like the TModels MIT II and MIT III, there is a substantial potential for use in Bovine, Swine, Equine and other livestock.

-PET-JET "pen-type" will also be applicable for smaller animals or certain specialized types of livestock. This product will be adapted to the animal market over the longer term.



Human Sector:



The MED-JET is a similar product then the AGRO-JET Model MIT II intended for the mass vaccination of Human.MIT is expecting to receive the FDA approval within the second quorter of 2004.

PRO-JET is a variation of the AGRO--JET products, in "pen-form", and intended for use in the human sector. The main customers targeted will be hospitals, clinics and individuals who must inject medications at home (diabetics and others). Needle-free injection technology, for humans even more than for animals, allows for painless injections and reduces the damage to skin and tissues, especially for people who must inject themselves frequently, such as:





|(1) Diabetics                                                   
|----------------------------------------------------------------
|(2) Allergy Injections                                          
|(3) Vitamins Injections                                         
|(4) Growth Hormone Injections                                   
|(5) Antibiotics Injections                                      
|(6) Birth Control or Impotence Injections                       
|(7) Vaccines for Children                                       
|(8) Antidote Vaccines for bee stings or snake bites, for example
|(9) Other neuroplegics                                          



Medical International Technology, Inc. intends to target the diabetics market first. The market potential in this sector is extremely large because there are many diabetics throughout the world and many must inject insulin daily. A secondary market for later consideration will be the allergy market. The allergy market includes a similar potential, as the number of individuals affected is quite large, as are the variety of allergies that may be involved.



Employees



Currently, the company has six employees and three Consultant, the President and Chief Executive Officer of the company, and other employees . As operations are expanded additional employees will be required.





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Medical International Technology, Inc.



Description of Property



Medical International Technology, Inc. currently leases its office under an operating lease that expires in October 31, 2005. The Company also leases its telephone system under an operating lease that expires on April 30, 2005.  These offices are a 3,500 square foot industrial facility in Montreal Canada. Facilities include various machine tools and test systems for prototyping and light production. The annual lease expense for these facilities is $19,282.



Legal Proceedings



No legal proceedings were initiated or served upon the company in the fiscal year ending September 30, 2003. On May 14, 2003 the Company issued 100,000 common shares for services rendered. Due to the lack of value of the shares issued, the creditor has requested additional shares to be issued to make up for the shortfall. The total amount in dispute is $46,537. The Company is currently negotiating the number of additional shares to issue to resolve the dispute. The ultimate resolution of this action is not expected to have a material adverse effect on the Companys financial position.



Submission of Matters to a Vote of Security Holders



None in the fiscal year ending September 30, 2003.



Market for Common Equity and Related Stockholder Matters



Market Information



Medical International Technology, Inc. common stock is listed on the NASD Over-The-Counter Bulletin Board under the symbol "MDIR" and prior to June 2, 2002 under the symbol PALY. The first available quotes on the NASD Over-The-Counter Bulletin Board appeared at the end of the 1st quarter of 2002. The price quotes on the NASD Over-The-Counter Bulletin Board on January 20, 2004 is a High of $0.14 and a Low of $0.13.

The quotations provided are for the over the counter market which reflect inter-dealer prices without retail mark-up, mark-down or commissions, and may not represent actual transactions. The prices included below have been obtained from sources believed to be reliable:





|                   | High  | Low  
|------------------ | ----- | -----
|Period Ending      |       |      
|September 30, 2002 | $1.00 | $0.90
|December 31, 2002  | $0.41 | $0.40
|August 20, 2003    | $0.40 | $0.37
|September 30, 2003 | $0.24 | $0.19
|December 31, 2003  | $0.17 | $0.12



Holders



Medical International Technology had 21,715,600 shares of common stock issued and outstanding as of September 30, 2003, which were held by approximately 63 shareholders.

Currently, 10,500,000 common shares are held by our wholly owned subsidiary Medical International Technology (MIT Canada) Inc. These shares were used for the acquisition of the operations of MIT Canada in July of 2002. The shares are subject to distribution to approximately 24 shareholders upon their conversion of preferred shares in MIT Canada, Inc., pursuant to the acquisition agreement.

The company presently does not have any other outstanding options, warrants or securities convertible into common stock.





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Medical International Technology, Inc.



Recent Sales of Unregistered Securities



In June of 2003, Medical International Technology, Inc. issued 600,000 shares of its $0.001 par value common stock for net proceeds of $188,044 in an exempt transaction under, Section 4(2) of the Securities Act of 1933, regulation S of the Securities Act of 1933 and are subject to Rule 144 of the Securities Act of 1933, as amended. Medical International Technology, Inc. conducted the private offering through its executive officers and directors and sold all 600,000 shares to one accredited overseas investor for net proceeds of $188,044.

Exemptions being non-exclusive the following factors are relevant:

Each purchaser was an accredited investor as defined by Rule 501 of regulation D of the Securities Act of 1933; An aggregate of only $188,044 was received and no prior offerings were made by Medical International Technology, Inc..;  No commissions were paid.; No advertisements were made.; Each purchaser had adequate access to information pertaining to Medical International Technology, Inc.;  The securities are restricted pursuant to Rule 144 Dividend Policy Medical International Technology, Inc. has not paid a cash dividend on its common stock in the past 12 months. The company does not anticipate paying any cash dividends on its common stock in the next 12 month period. Management anticipates that earnings, if any, will be retained to fund the company's working capital needs and the expansion of its business.  The payment of any dividends is at the discretion of the Board of Directors.





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Medical International Technology, Inc.



Management's Discussion and Analysis or Plan of Operations



Overview



Medical International Technology, Inc., is receiving revenues from sales. The company has maintained operations from these revenues and through equity and debt financing. Products are currently developed, assembled and shipped from our facility. Component manufacturing is subcontracted to various suppliers and machine shops.

On September 24, 2002, Medical International Technology, Inc. entered into several 3 year distributing agreements with WLT Distributors Inc. (WLT) under which the Company will sell its products to WLT for resale. Under the terms of the agreement, WLT is required to make an advance payment equal to 30% of the price of the products ordered prior to their shipment. These agreements cover each of the Canadian provinces and the state of Montana in the USA. The agreements contain minimum sales quotas to be met by WTL in each region and confer a level of distribution exclusivity within those regions to WTL.

Distribution agreements are being sought worldwide for the companys products.



Financial Condition and Results of Operations



During the fiscal year ending September 30, 2003 the Company experienced a net loss of $1,696,421, primarily comprised of selling, general and administrative expenses of $1,578,941 and research and development costs of $267,489. For the prior fiscal year 2002, the Company experienced a net loss of $521,848, where selling, general and administrative expenses totaled $369,859 and research and development costs were $145,658.  The increase in selling, general and administrative expenses of $1,209,082 is due to an increase of $61,930 in advertising costs and $1,153,361 in professional fees. Professional fees consisted of $114,020 in legal fees and $1,075,062 paid to consultants for services. The increase in research and development costs of $121,831 is due to an increase of $114,538 for professional fees.



Liquidity and Capital Resources



During the fiscal year ending September 30, 2003 the Company received $188,044 gross proceeds from private offerings of common stock, and $285,068 in advances from related parties. Including other expenses, the net cash received from financing activities totaled $334,365. $365,276 was used in operating activities and $2,379 was used in investing activities. Exchange rates on cash provided $4,385. The resultant overall net decrease in cash and cash equivalents was $28,905; where the beginning balance for the fiscal period was $41,104, the resultant balance for the period was $12,199.

For the fiscal year 2002, an overall net decrease in cash and cash equivalents of $335,998 was primarily affected due to net cash used in operating activities of $554,658 and net cash provided by financing activities of $229,371. Medical International Technology, Inc. expects that revenues from existing and developing sales will meet its liquidity requirements for the next 12 month period at its current level of operations. The company has and may continue to supplement cash flows from sales with additional equity and debt financing. Substantially, expanded operations are expected to require additional capital, either from a future offering of equity or the company pursuing other methods of financing, as appropriate.



Forward-Looking Statements



Certain statements concerning the Company's plans and intentions included herein may constitute forward-looking statements for purposes of the Securities Litigation Reform Act of 1995 for which the Company claims a safe harbor under that Act. There are a number of factors that may affect the future results of the Company, including, but not limited to, (a) the ability of the company to obtain additional funding for operations, (b) the continued availability of management to develop the business plan and (c) successful development and market acceptance of the companys products.

This annual report may contain both historical facts and forward-looking statements.  Any forward-looking statements involve risks and uncertainties, including, but not limited to, those mentioned above.  Moreover, future revenue and margin trends cannot be reliably predicted.





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|Medical International Technology, Inc.            |      
|------------------------------------------------- | -----
|Consolidated Financial Statements                 |      
|                                                  |      
|Contents                                          |      
|                                                  | Page 
|Independent Auditors Report                      | 8    
|Financial Statements                              |      
|Consolidated Balance Sheet                        | 9-10 
|Consolidated Statements of Operations             | 11   
|Consolidated Statements of Comprehensive Loss     | 12   
|Consolidated Statement of Stockholders (Deficit) | 13   
|Consolidated Statements of Cash Flows             | 14   
|Notes to Consolidated Financial Statements        | 15-19





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|Board of Directors                    
|--------------------------------------
|Medical International Technology, Inc.
|Montreal, Quebec                      



We have audited the accompanying consolidated balance sheet of Medical International Technology, Inc. as of September 30, 2003, and the related consolidated statements of operations, stockholders' (deficit), and cash flows, for the two years ended September 30, 2003.  These consolidated financial statements are the responsibility of the Companys management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted in the United States.  These standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Medical International Technology, Inc. as of September 30, 2003, and the results of its operations, and its cash flows for the two years then ended, in conformity with accounting principles generally accepted in the United States.





|Jonathon P. Reuben,        
|---------------------------
|Certified Public Accountant
|Torrance, California       
|January 20, 2004           





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|MEDICAL INTERNATIONAL TECHNOLOGY                  |                   
|------------------------------------------------- | ------------------
|CONSOLIDATED BALANCE SHEET                        |                   
|                                                 
|                                                  |                   
|                                                  | September 30,     
|                                                  | 2003              
|Assets                                            |                   
|                                                  |                   
|Current Assets                                    |                   
|Cash and cash equivalents                         | $                 
|Accounts receivable                               |                   
|Inventories                                       |                   
|Receivable from related parties                   |                   
|Receivable from taxing authorities                |                   
|Research credit receivable                        |                   
|Prepaid expenses                                  | 20,484            
|                                                  |                   
|Total Current Assets                              | 356,316           
|                                                  |                   
|Property and Equipment                            |                   
|Tooling and machinery                             |                   
|Furniture and office equipment                    |                   
|Leasehold improvements                            | 22,163            
|                                                  |                   
|Less accumulated depreciation                     | (75,953)          
|                                                  | 209,630           
|                                                  |                   
|Other Assets                                      |                   
|Intangible assets subject to amortization         |                   
|Patents (net of accumulated amortization of $368) | 2,263             
|                                                  |                   
|Total Assets                                      | $          568,209





|The accompanying notes are an integral part of these financial statements.
|--------------------------------------------------------------------------
|10                                                                        



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|MEDICAL INTERNATIONAL TECHNOLOGY                                |                    |            
|--------------------------------------------------------------- | ------------------ | -----------
|CONSOLIDATED BALANCE SHEET                                      |                    |            
|                                                               
|                                                                |                    |            
|                                                                | September 30,     
|                                                                | 2003              
|Liabilities and Stockholder's (Deficit)                         |                    |            
|                                                                |                    |            
|Current Liabilities                                             |                    |            
|Unearned income                                                 | $                  | 61,604     
|Accounts payable                                                |                    | 168,643    
|Accrued expenses                                                |                    | 41,403     
|Taxes payable                                                   |                    | 5,775      
|Loans payable - related parties                                 |                    | 571,902    
|Current portion of long-term debt                               | 20,880            
|                                                                |                    |            
|Total Current Liabilities                                       |                    | 870,207    
|                                                                |                    |            
|Long-term debt                                                  | 24,111            
|                                                                |                    |            
|Total Liabilities                                               |                    | 894,318    
|                                                                |                    |            
|Redeemable Class E Stock (Note 5                                |                    | -          
|                                                                |                    |            
|Stockholder's (Deficit)                                         |                    |            
|                                                                |                    |            
|Preferred Stock, $.0001 par value; 3,000,000 shares authorized; |                    |            
|none issued and outstanding shares as of September 30, 2003     |                    | -          
|Common Stock, $.0001 par value; 30,000,000 shares authorized;   |                    |            
|issued and outstanding 21,715,600 shares                        |                    |            
|as of September 30, 2003                                        |                    | 2,172      
|Additional paid-in capital                                      |                    | 2,069,679  
|Retained deficit                                                |                    | (2,376,682)
|Other comprehensive income (loss)                               | (21,278)          
|                                                                |                    |            
|Total Stockholder's (Deficit)                                   | (326,109)         
|                                                                |                    |            
|Total Liabilities and Stockholder's (Deficit)                   | $          568,209





|The accompanying notes are an integral part of these financial statements.
|--------------------------------------------------------------------------
|11                                                                        



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|MEDICAL INTERNATIONAL TECHNOLOGY              |                         |                        
|--------------------------------------------- | ----------------------- | -----------------------
|CONSOLIDATED STATEMENTS OF OPERATIONS         |                         |                        
|                                             
|                                              |                         |                        
|                                              | For the Year Ended      |                        
|                                              | September 30,           |                        
|                                              | 2003                    | 2002                   
|                                              |                         |                        
|Sales                                         | $ 346,648               | $                      
|Cost of sales                                 | (135,480)               | (16,343)               
|Gross profit                                  | 211,168                 |                        
|                                              |                         |                        
|Research and development costs                | 267,489                 |                        
|Selling, general, and administrative expenses | 1,578,941               | 369,859                
|                                              |                         |                        
|Net loss from operations                      | (1,635,262)             |                        
|                                              |                         |                        
|Other income (expense)                        |                         |                        
|Interest income                               | 587                     |                        
|Interest expense                              | (61,746)                | (26,156)               
|                                              |                         |                        
|Net loss                                      | $       (1,696,421)     | $          (521,848)   
|                                              |                         |                        
|Basic (Loss) Per Share                        | $                (0.09) | $                (0.03)
|                                              |                         |                        
|Basic weighted average shares outstanding     | 19,270,454              | 18,105,081             





|The accompanying notes are an integral part of these financial statements.
|--------------------------------------------------------------------------
|12                                                                        



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|MEDICAL INTERNATIONAL TECHNOLOGY              |                     |                     
|--------------------------------------------- | ------------------- | --------------------
|CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS |                    
|                                             
|                                              |                     |                     
|                                              | For the Year Ended  |                     
|                                              | September 30,       |                     
|                                              | 2003                | 2002                
|                                              |                     |                     
|Net loss                                      | $ (1,696,421)       | $                   
|                                              |                     |                     
|Other comprehensive income (loss)             |                     |                     
|Foreign currency translation adjustment       | (29,164)            | 7,886               
|                                              |                     |                     
|Net comprehensive loss                        | $       (1,725,585) | $          (513,962)





|The accompanying notes are an integral part of these financial statements.
|--------------------------------------------------------------------------
|13                                                                        



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|MEDICAL INTERNATIONAL TECHNOLOGY                  |              |                      |                   |                    
|------------------------------------------------- | ------------ | -------------------- | ----------------- | -------------------
|CONSOLIDATED STATEMENT OF STOCKHOLDERS' (DEFICIT) |              |                     
|                                                 
|                                                  |              |                      |                   |                    
|                                                  |              |                      |                   | Additional         
|                                                  | Common Stock |                      | Paid-in           |                    
|                                                  | Shares       | Amount               | Capital           | Deficit            
|                                                  |              |                      |                   |                    
|Balance - September 30, 2001                      | 18,030,188   | $ 1,803              | $                 | 485,695            
|Shares issued for cash                            | 87,086       | 9                    |                   | 117,582            
|Shares issued for services                        | 99,526       | 10                   |                   | 89,076             
|Net loss for the year ended September 30, 2002    | -            | -                    | -                 | (521,848)          
|Balance - September 30, 2002                      | 18,216,800   | 1,822                |                   | 692,353            
|Shares issued for cash                            | 600,000      | 60                   |                   | 187,984            
|Shares issued for services                        | 2,898,800    | 290                  |                   | 1,189,342          
|Net loss for the year ended September 30, 2003    | -            | -                    | -                 | (1,696,421)        
|                                                  |              |                      |                   |                    
|Balance - September 30, 2003                      | 21,715,600   | $              2,172 | $       2,069,679 | $       (2,376,682)





|The accompanying notes are an integral part of these financial statements.
|--------------------------------------------------------------------------
|14                                                                        



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|                                                          |                        | For the Year Ended    
|--------------------------------------------------------- | ---------------------- | ----------------------
|                                                          |                        | September 30,         
|                                                          | 2003                   | 2002                  
|Cash Flows from Operating Activities                      |                        |                       
|Net Loss                                                  | $                      | (1,696,421)           
|Adjustments to reconcile net loss to net cash             |                        |                       
|provided by operating activities:                         |                        |                       
|Depreciation expense                                      |                        | 41,170                
|Amortization expense                                      |                        | 160                   
|Common stock issued for consulting and legal services     |                        | 1,189,632             
|Accrued interest expense on indebtedness                  |                        | 22,704                
|Proceeds on sales of products in production               |                        | -                     
|(Increase) Decrease in Assets                             |                        |                       
|(Increase) in accounts receivable                         |                        | (7,188)               
|(Increase) decrease in receivable from taxing authorities |                        | 10,724                
|Decrease in research credit receivable                    |                        | 32,142                
|(Increase) in inventories                                 |                        | (46,474)              
|(Increase) in prepaid expenses                            |                        | (6,303)               
|Increase (Decrease) in Liabilities                        |                        |                       
|Increase in unearned income                               |                        | 13,570                
|Increase in accounts payable and accrued expenses         | 81,008                 | 83,357                
|Net cash used in operating activities                     | (365,276)              | (554,658)             
|Cash Flows from Investing Activities                      |                        |                       
|Equipment acquisition                                     | (2,379)                | (19,904)              
|Net cash used in investing activities                     | (2,379)                | (19,904)              
|Cash Flows from Financing Activities                      |                        |                       
|Gross proceeds from private offering                      |                        | 188,044               
|Advances from related parties                             |                        | 285,068               
|Reduction in amounts due to related parties               |                        | (93,457)              
|Advances to related parties - other                       |                        | -                     
|Principal reduction on small business loan                | (45,290)               | (13,282)              
|Net cash provided by financing activities                 | 334,365                | 229,371               
|Effect of exchange rates on cash                          | 4,385                  | 9,193                 
|Net Decrease in Cash and Cash Equivalents                 |                        | (28,905)              
|Beginning Balance - Cash and Cash Equivalents             | 41,104                 | 377,102               
|Ending Balance - Cash and Cash Equivalents                | $          12,199      | $          41,104     
|                                                          |                        |                       
|Supplemental Information:                                 |                        |                       
|                                                          |                        | For the Year Ended    
|                                                          |                        | September 30,         
|                                                          | 2003                   | 2002                  
|Cash Paid For:                                            |                        |                       
|Interest Expense                                          | $          17,155      | $            1,019    
|Income Taxes                                              | $                    - | $                    -









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Note 1 - Business Activities and Related Risks



Medical International Technology, Inc. (the "Company") was incorporated in Colorado on July 19, 1999, under the name, Posterally.com, Inc. The Company filed an amendment to its articles of incorporation on September 24, 2002 changing its name to Medical International Technology, Inc.

The Company is in the business of developing and manufacturing a needle free device for use in injecting medicine and supplements for human and animal use.



Note 2  Summary of Significant Accounting Policies



Principles of consolidation



The accompanying financial statements include the accounts and transactions of Medical International Technology, Inc. and its wholly owned subsidiary,  Medical International Technologies (MIT Canada) Inc. Intercompany transactions and balances have been eliminated in consolidation.



Foreign Currency Translations



The Company operates out of its offices in Montreal, Canada and maintains its books and records in Canadian Dollars. The financial statements herein have been converted into U.S. Dollars. Balance sheet accounts have been translated at exchange rates in effect at the end of the year and income statement accounts have been translated at average exchange rates for the year. Translation gains and losses are included as a separate component of stockholders equity.



Allowance for Doubtful Accounts



The allowance for doubtful accounts on accounts receivable is charged to income in amounts sufficient to maintain the allowance for uncollectible accounts at a level management believes is adequate to cover any probable losses.

Management determines the adequacy of the allowance based on historical write-off percentages and the current status of accounts receivable. Accounts receivable are charged off against the allowance when collectibility is determined to be permanently impaired. As of September 30, 2003, the Company did not establish any reserve for doubtful accounts.



Inventories



Inventories are stated at the lower of cost determined by the FIFO method or market.



Property and Equipment



The cost of property and equipment is depreciated over the estimated useful lives of the related assets, which range from 5 to 7 years. Depreciation is computed on the straight-line method for financial reporting purposes and on the declining balance method for income tax reporting purposes. Depreciation expense for the year ended September 30, 2003 and 2002 were $41,170 and $25,765, respectively.



Intangible assets



Patents are being amortized over their remaining lives ranging from 9.5 years through 17 years.



Net Loss Per Share



The Company adopted the provisions of Statement of Financial Accounting Standards (SFAS) No. 128, Earnings Per Share (EPS) that established standards for the computation, presentation and disclosure of earnings per share,





---

replacing the presentation of Primary EPS with a presentation of Basic EPS.



Issuances Involving Non-cash Consideration



All issuances of the Companys stock for non-cash consideration have been assigned a dollar amount equaling either the market value of the shares issued or the value of consideration received whichever is more readily determinable.



Cash and Cash Equivalents



For purpose of the statements of cash flows, the Company considers cash and cash equivalents to include all stable, highly liquid investments with maturities of three months or less.





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|MEDICAL INTERNATIONAL TECHNOLOGY
|--------------------------------
|NOTES TO FINANCIAL STATEMENTS   
|(continuation)                  



Use of Estimates



The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.



Long-Lived Assets



In August 2001, SFAS No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets," was issued establishing new rules and clarifying implementation issues with SFAS No. 121, "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of, "by allowing a probability-weighted cash flow estimation approach to measure the impairment loss of a long-lived asset. The statement also established new standards for accounting for discontinued operations. Transactions that qualify for reporting in discontinued operations include the disposal of a component of an entity's operations that comprises operations and cash flow that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. The Company has adopted this standard and its adoption had no significant effect on the Company's financial statements.



Reclassification



Certain amounts in September 30, 2002 have been reclassified to conform to the September 30, 2003 presentation. Such reclassification had no effect on net income as previously reported.



Income Taxes



The Company accounts for its income taxes under the provisions of Statement of Financial Accounting Standards 109 ("SFAS 109").  The method of accounting for income taxes under SFAS 109 is an asset and liability method.  The asset and liability method requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between tax bases and financial reporting bases of other assets and liabilities.



Fair Value of Financial Instruments



Pursuant to SFAS No. 107, Disclosures About Fair Value of Financial Instruments, the Company is required to estimate the fair value of all financial instruments included on its balance sheet as of September 30, 2003.  The Company considers the carrying value of such amounts in the financial statements to approximate their face value.



Revenue Recognition



The Company recognizes revenue when the related product is shipped to the respective customer.



Advertising



The Company expenses all advertising as incurred.  For the years ended  September 30, 2003 and 2002, the Company charged operations $84,172 and  $9,100, respectively.



New Accounting Pronouncements



The FASB recently issued the following statements:





|FASB 148 - Accounting for Stock-Based Compensation  Transition and
|-------------------------------------------------------------------
|Disclosure and amendment of FASB Statement No. 123                 
|FASB 150 - Accounting for Certain Financial Instruments with       
|Characteristics of both Liabilities and Equity                     



These FASB statements did not have, or are not expected to have, a material  impact on the Companys financial position and results of operations





---



|MEDICAL INTERNATIONAL TECHNOLOGY
|--------------------------------
|NOTES TO FINANCIAL STATEMENTS   
|(continuation)                  



Note 3  Inventories





|Inventories at September 30, 2003 consist of the following:
|-----------------------------------------------------------
|Raw materials        $ 50,355                              
|Work in process               6,773                        
|Finished goods                10,497                       
|Total              $  67,625                               



Note 4  Research Credit Receivable



Research and development costs are charged to operations when incurred. For its research efforts in Canada, the Company receives a cash payment from the Canadian Government based upon the amount actually incurred. The Company nets the credit against related costs charged to operations.

Research and development expenses are as follows:





|            | September 30, 
|----------- | --------------
|            | 2003          
|R&D Costs   | $ 397,972     
|Less Credit | (130,483)     
|            | $      267,489



Note 5  Intangible Assets



As of September 30, 2003 the Company has intangible assets totaling $2,263. Amortization expenses for the year ended September 30, 2003 and 2002 were $160 and $148, respectively.



Intangible assets consist of the following:





|        |        |              | September 30, 2003 |         |            |      
|------- | ------ | ------------ | ------------------ | ------- | ---------- | -----
|        |        |              |                    |         |            |      
|        |        | Gross        |                    |         |            | Net  
|        |        | Intangible   | Accumulated        |         | Intangible | Life 
|        | Assets | Amortization | Assets             | (Years)
|Patents | $      | 2,631        | $                  | 368     | $          | 2,263
|        |        |              |                    |         |            |      
|        |        |              | September 30, 2002 |         |            |      
|        |        |              |                    |         |            |      
|        |        | Gross        |                    |         |            | Net  
|        |        | Intangible   | Accumulated        |         | Intangible | Life 
|        | Assets | Amortization | Assets             | (Years)
|Patents | $      | 2,255        | $                  | 167     | $          | 2,088





|Estimated amortization expense for each of the next five years ended September 30, is as follows:
|-------------------------------------------------------------------------------------------------
|2004                                                                                             
|2005                                                                                             
|2006                                                                                             
|2007                                                                                             
|2008                                                                                             
|Total                                                                                            





---



|MEDICAL INTERNATIONAL TECHNOLOGY
|--------------------------------
|NOTES TO FINANCIAL STATEMENTS   
|(continuation)                  



Note 6  Related Party Transactions





|a) Redeemable Class E Stock                                                                                       
|------------------------------------------------------------------------------------------------------------------
|Class E shares have no voting rights, and are redeemable at the discretion of the holder at the price equal to the
|consideration received.                                                                                           
|b) Related Party Advances                                                                                         
|The Company has borrowed from shareholders and corporations owned by shareholders. These loans are non-           
|interest bearing and due upon demand. In addition, the Company has advanced funds to other corporations owned     
|by shareholders. These loan are also non-interest bearing and due upon demand.                                    
|                                                                                                                  
|c) Consulting Services                                                                                            
|For the year ended September 30, 2003 the Company paid consulting services to an officer of the Company and a     
|related entity of $16,702 and $50,341, respectively.                                                              



Note 7 -Income Taxes



The Company has losses for the year ended September 30, 2003 totaling $2,376,682. These losses can be used against future taxable income through which expires in various years through 2023.

An allowance has been provided for that reduced the tax benefits accrued by the Company for these operating losses to zero as it cannot be determined when, or if, the tax benefits derived from these losses will materialize. Valuation allowance for 2003 increased by the net operating loss for 2003 of $1,696,421.



Note 8 -Stockholders' (Deficit)



Issuance of Common Stock



For the year ended September 30, 2003, the Company received $188,044 in exchange for issuing 600,000 of its common stock. The Company issued 2,898,800 shares of its common stock for consulting and legal services. The value assigned to these shares totaled $1,189,632, the market value of the services rendered, which were charged to operations.



Preferred Stock



As of September 30, 2003 there were no preferred stock outstanding. Dividend features and voting rights are at the discretion of the Board of Directors without the requirement of shareholder approval.



Note 9 - Operating Leases



The Company leases its office under an operating lease that expires in October 31, 2005. The Company also leases its telephone system under an operating lease that expires on April 30, 2005. Rent expense for the year ended September 30, 2003 and 2002 were $19,058 and $19,517, respectively.

Future minimum lease commitments pertaining to these leases expire as follows:





|September 30, 2004 | $19,282 
|------------------ | --------
|September 30, 2005 | $  1,530





---



|MEDICAL INTERNATIONAL TECHNOLOGY
|--------------------------------
|NOTES TO FINANCIAL STATEMENTS   
|(continuation)                  



Note 10. Loans Payable - Related Parties



On January 31, 2002, Idee International R&D, Inc. a Company wholly owned by a majority shareholder of MIT, sold the Company tooling, machinery, and other property for $146,331. The purchase price, in addition to an outstanding loan of approximately $82,408 due Idee have been combined and are evidenced by a non-recourse promissory note bearing interest at an annual rate of 11.5%. Principal and accrued interest are payable on demand, only after the Company becomes profitable and the repayment of such loan does not impact the Companys ability to operate and meet its normal obligations.

During the year ended September 30, 2003 and 2002, the Company paid approximately zero and $19,000 in principal and $22,704 and $23,000 in accrued interest on this loan, respectively. The balance of the loan at September 30, 2003 is $268,173.



Note 11. Notes Payable



The Company has a small business loan with the Bank of Montreal. The loan is payable in monthly principal payments of  $1,740 and interest assessed at a variable interest rate of 3% over the Banks prime lending rate. The loan is secured by equipment and other tangible property owned by the Company. The loan matures on August 29, 2006. The balance of the loan at September 30, 2003 is $44,991.

A schedule of maturities of long-term debt for each of the following five years follows:





|September 30, 2004 | $ 20,880 
|------------------ | ---------
|September 30, 2005 | 20,880   
|September 30, 2006 | 3,231    
|September 30, 2007 | -        
|September 30, 2008 | -        
|Total              | $  44,991



Note 12. Unearned Income



On September 24, 2002, the Company entered into a 3 year distributing agreement with WLT Distributors Inc. (WLT) under which the Company will sell its products to WLT for resale. Under the terms of the agreement, WLT is required to make an advance payment equal to 30% of the price of the products ordered prior to their shipment. For the year ended September 30, 2003 and 2002 the Company received $61,604 and $43,800, respectively, as an advance toward an order in process. The payments have been recorded as a liability and will be credited to operations as the order ships.



Note 13. Subsequent Events (Unaudited)



The Company issued 3,577,000 shares of its common stock for consulting and legal services through December 22, 2003 for $876,810 equaling the fair market value of the services rendered at the date of issuance.

On May 14, 2003 the Company issued 100,000 common shares for services rendered. Due to the lack of value of the shares issued, the creditor has requested additional shares to be issued to make up for the shortfall. The total amount in dispute is $46,537. The Company is currently negotiating the number of additional shares to issue to resolve the dispute. The ultimate resolution of this action is not expected to have a material adverse effect on the Companys financial position.





---

Medical International Technology, Inc.



Changes In / Disagreements with Accountants on Accounting/Financial Disclosure



There have been no disagreements between the Company and its independent accountants on any matter of accounting principles or practices or financial statement disclosure.



On January 6, 2003, Medical International Technology, Inc. elected to change from the auditing accounting firm of:





|Cordovano and Harvey, P.C.
|--------------------------
|Denver, Colorado          



To the auditing accounting firm of:





|Jonathon P. Reuben, CPA         
|--------------------------------
|An Accountancy Corporation      
|23440 Hawthorne Blvd., Suite 270
|Torrance, California 90505      



The change was made as the company's management believes the new auditing accountant will provide quality service in a timely manner.



Controls and Procedures



Medical International Technology, Inc. management, including the Principal Executive Officer and Principal Financial Officer, have conducted an evaluation of the effectiveness of disclosure controls and procedures pursuant to Exchange Act Rule 13a-14(c) and 15d-14(c).  This evaluation was conducted within 90 days prior to the filing of this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer concluded that the disclosure controls and procedures are effective in ensuring that all material information required to be filed in this annual report has been made known to them in a timely fashion. There have been no significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date the Principal Executive Officer and Principal Financial Officer completed their evaluation.



Directors, Executive Officers, Promoters and Control Persons



The directors and officers are as follows:





|NAME          | POSITION(S)                   | TENURE                  
|------------- | ----------------------------- | ------------------------
|Karim Menassa | Chairman, President, Director | June 27, 2002 to present
|Michel Bayouk | Secretary, Director           | June 27, 2002 to present



Mr. Karim Menassa , age 52, serves as the President of Medical International Technology, Inc. Mr. Menassa also serves as a member of the Board of Directors of Medical International Technology, Inc. Mr. Menassa has developed many state-of-the-art, efficient and reliable devices, and has marketed various medical devices in more than 60 countries. Mr. Menassa obtained a degree in Precision Mechanics Design from the Instituto Salesiano Don Bosco in Cairo, Egypt.

Mr. Michel Bayouk, age 57, serves as the Secretary of Medical International Technology, Inc. Mr. Bayouk also serves as a member of the Board of Directors of Medical International Technology, Inc. Mr. Bayouk is a Chartered Accountant and has been involved in financial auditing since 1970 The directors shall be elected at an annual meeting of the stockholders and except as otherwise provided within the Bylaws of Medical International Technology, Inc., as pertaining to vacancies, shall hold office until his successor is elected and qualified.





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Medical International Technology, Inc.



Section 16(a) Beneficial Ownership Reporting Compliance



To the best knowledge of the Company, based on reports received pursuant to rule16a-3(e) of the 1934 act, all reports required to be filed pursuant to rule 16a-3(e) were filed as of the date of this report.



Executive Compensation



Board of Director Meetings and Committees



The Board of Directors held no meetings during the year ended September 30, 2003, but conducted board activities through unanimous consent board resolutions in lieu of meetings.



Compensation Summary





|                       |      |                     | SUMMARY COMPENSATION TABLE |              |            |             
|---------------------- | ---- | ------------------- | -------------------------- | ------------ | ---------- | ------------
|                       |      | Annual Compensation | Award(s)                   | Payouts      |           
|                       |      |                     |                            |              |            |             
|                       |      |                     |                            |              | Restricted | Securities  
|                       |      |                     |                            | Other Annual | Stock      | Underlying  
|                       |      | Salary              | Bonus                      | Compensation | Award(s)   | Options/SARs
|Position               | Year | ($)                 | ($)                        | ($)          | ($)        | (#)         
|                       |      |                     |                            |              |            |             
|Karim Menassa (1)      | 2003 | 0                   | 0                          | 16,702       | 0          | 0           
|President and Director |      |                     |                            |              |            |             
|                       | 2002 | 0                   | 0                          | 0            | 0          | 0           
|                       |      |                     |                            |              |            |             
|Michel Bayouk (2)      | 2003 | 0                   | 0                          | 0            | 179,250    | 0           
|Secretary and Director |      |                     |                            |              |            |             
|                       | 2002 | 0                   | 0                          | 0            | 0          | 0           



Notes:



(1)



The Company paid consulting services of $16,702 to Karim Menassa, our President and $50,341 to 2849674 Canada, Inc. a company controlled by Mr. Menassa.



(2)



A total of 450,000 common shares were issued to 9117-2221 Quebec, Inc., a company 50% owned by Michel Bayouk and 50% owned by an unrelated party, for services. These shares are restricted and were valued at the average market price on the dates issued.



As of September 30, 2003, we had no group life, health, hospitalization, medical reimbursement or relocation plans in effect. Further, we had no pension plans or plans or agreements which provide compensation on the event of termination of employment or change in control of us.

We do not pay members of our Board of Directors any fees for attendance or similar remuneration or reimburse them for any out-of-pocket expenses incurred by them in connection with our business.

Subsequent to September 30, 2003, the Company has issued 1,050,000 common shares to Michel Bayouk, a company controlled by him and a company 50% owned by Michel Bayouk and 50% owned by an unrelated party, for services. These shares are restricted and were valued the average market price on the dates issued for $268,000.

Subsequent to September 30, 2003, the Company has issued 2,000,000 common shares to Karim Menassa or companies controlled by him for services. These shares are restricted and were valued the average market price on the dates issued for $520,000.



Compensation of Directors



There was no compensation paid to any directors of Medical International Technology, Inc. as directors fees.



Employment Agreements



No formal employment agreements currently exist with any officer or employee.



Long-Term Incentive Plan



None





---

Medical International Technology, Inc.



Security Ownership of Certain Beneficial Owners and Management



The following table sets forth, all individuals known to beneficially own 5% or more of the Company's common stock, and all officers and directors of the registrant, with the amount and percentage of stock beneficially owned as of December 24, 2003:





|Name and Address                                                            | Amount and Nature       | Percent
|--------------------------------------------------------------------------- | ----------------------- | -------
|of Beneficial Holder                                                        | of Beneficial Ownership |        
|Karim Menassa                                                               | 2,000,000 shares (1)    | 8.0 %  
|President, Director                                                         |                         |        
|2281 Guenette, Ville Saint-Laurent                                          |                         |        
|Montreal, Quebec, Canada HR4 2E9                                            |                         |        
|                                                                            |                         |        
|Michel Bayouk                                                               | 1,560,000 shares (2)    | 6.2 %  
|Secretary, Director                                                         |                         |        
|2281 Guenette, Ville Saint-Laurent                                          |                         |        
|Montreal, Quebec, Canada HR4 2E9                                            |                         |        
|Officers and Directors as a Group                                           | 3,560,000 shares        | 14.2 % 
|Total issued and outstanding as of December 24, 2003 was 25,092,600 shares. |                        



Notes:





|(1) 2849674 Canada, Inc. holds 1,000,000 common shares and is controlled by Karim Menassa. The other
|----------------------------------------------------------------------------------------------------
|1,000,000 common shares are held directly by Karim Menassa.                                         
|(2) 165029 Canada, Inc. holds 200,000 common shares and is controlled Michel Bayouk. 9117-2221      
|Quebec, Inc. holds 750,000 common shares and is a company 50% owned by Michel Bayouk and 50%        
|owned by an unrelated party, the other 610,000 common shares are held directly by Michel Bayouk.    



All ownership is beneficial and of record except as specifically indicated otherwise. Beneficial owners listed above have sole voting and investment power with respect to the shares shown unless otherwise indicated.

Currently, 10,500,000 common shares are held by our wholly owned subsidiary Medical International Technology (MIT Canada) Inc. These shares were used for the acquisition of the operations of MIT Canada in July of 2002. The shares are subject to distribution to approximately 24 shareholders upon their conversion of preferred shares in MIT Canada, Inc., pursuant to the acquisition agreement. These shareholders include Karim Menassa, our President and Director, and two companies controlled by him. If converted, Mr. Menassa and the related companies would beneficially own 8,058,225 common shares ( 32.1% ) of Medical International Technology, Inc.





---

Medical International Technology, Inc.



Certain Relationships and Related Transactions



The Company has borrowed from shareholders, officers and corporations (controlled by Karim Menassa, our President). These loans are non-interest bearing and due upon demand. In addition, the Company has advanced funds to other corporations owned by shareholders. These loan are also non-interest bearing and due upon demand. For the year ended September 30, 2003 Idee International R&D, Inc. ("Idee") advanced the Company $19,696. Idee is wholly owned by the Companys President.

For the year ended September 30, 2003 the Company paid consulting services of $16,702 to Karim Menassa, our President and $50,341 to 2849674 Canada, Inc a company controlled by Mr. Menassa..

On January 31, 2002, Idee International R&D, Inc. a Company wholly owned by Karim Menassa, our President and Derector, sold the Company tooling, machinery, and other property for $146,331. The purchase price, in addition to an outstanding loan of approximately $82,408 due Idee have been combined and are evidenced by a non-recourse promissory note bearing interest at an annual rate of 11.5%. Principal and accrued interest are payable on demand, only after the Company becomes profitable and the repayment of such loan does not impact the Companys ability to operate and meet its normal obligations. During the year ended September 30, 2003 and 2002, the Company paid approximately zero and $19,000 in principal and $22,704 and $23,000 in accrued interest on this loan, respectively. The balance of the loan at September 30, 2003 is $268,173.





---

Medical International Technology, Inc.



Exhibits and Reports on Form 8-K



On January 17, 2003, the company filed a report on form 8-K/A disclosing a Change in Registrant's Certifying Accountant; as occurring January 6, 2003, which is hereby incorporated by reference.



Index to Exhibits and Reports



Medical International Technologies, Inc. includes herewith the following exhibits:





|99.1 | Certification of Chief Executive Officer pursuant to      
|---- | ----------------------------------------------------------
|     | 18 U.S.C. Section 1350, as adopted pursuant to Section 906
|     | of the Sarbanes-Oxley Act of 2002.                        
|99.2 | Certification of Principal Accounting Officer pursuant to 
|     | 18 U.S.C. Section 1350, as adopted pursuant to Section 906
|     | of the Sarbanes-Oxley Act of 2002.                        



Principal Accountant Fees and Services



(1)Audit Fees



The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant's annual financial statements and review of financial statements included in the registrant's Form 10-QSB or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for the fiscal years ending September 30, 2003 and 2002 were:$10,500	and$10,852	, respectively.



(2)Audit-Related Fees



The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit or review of the registrant's financial statements and are not reported under item (1) for the fiscal years ending September 30, 2003 and 2002 were: $	0 and $	0 , respectively.



The nature of the services comprising the fees herein disclosed are: none provided.



(3)Tax Fees



The aggregate fees billed for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning for the fiscal years ending September 30, 2003 and 2002 were: $	0 and $	0 , respectively.



The nature of the services comprising the fees herein disclosed are: none provided



(4)All Other Fees



No aggregate fees were billed for professional services provided by the principal accountant, other than the services reported in items (1) through (3) for the fiscal years ending September 30, 2003 and 2002.



(5)Audit Committee



The registrant's Audit Committee, or officers performing such functions of the Audit Committee, have approved the principal accountant's performance of services for the audit of the registrant's annual financial statements and review of financial statements included in the registrant's Form 10-QSB or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for the fiscal year ending September 30, 2003. Audit-related fees, tax fees, and all other fees, if any, were approved by the Audit Committee or officers performing such functions of the Audit Committee.



(6)Work Performance by others



The percentage of hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant's full-time, permanent employees was less than 50 percent.





---

Medical International Technology, Inc.







In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.





|                       | Medical International Technology, Inc.                   
|---------------------- | ---------------------------------------------------------
|                       | Registrant                                               
|                       |                                                          
|Date: February 3, 2004 | By: \s\     Karim Menassa, President                     
|                       | Karim Menassa, President and Principal Executive Officer 
|                       |                                                          
|Date: February 3, 2004 | By: \s\     Michel Bayouk, Secretary                     
|                       | Michel Bayouk, Secretary and Principal Accounting Officer



In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.





|Date: February 3, 2004 | By: \s\     Karim Menassa, President
|---------------------- | ------------------------------------
|                       | Karim Menassa, President, Director  
|Date: February 3, 2004 | By: \s\     Michel Bayouk, Secretary
|                       | Michel Bayouk, Secretary, Director  





---

CERTIFICATION



I, Karim Menassa, certify that:





|1. | I have reviewed this annual report on Form 10-KSB of Medical International Technology, Inc.;                           
|-- | -----------------------------------------------------------------------------------------------------------------------
|2. | Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to          
|   | state a material fact necessary to make the statements made, in light of the circumstances under which such            
|   | statements were made, not misleading with respect to the period covered by this annual report;                         
|3. | Based on my knowledge, the financial statements, and other financial information included in this annual report,       
|   | fairly present in all material respects the financial condition, results of operations and cash flows of the registrant
|   | as of, and for, the periods presented in this annual report;                                                           
|4. | The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure           
|   | controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:              





|a) | designed such disclosure controls and procedures to ensure that material information relating to the          
|-- | --------------------------------------------------------------------------------------------------------------
|   | registrant, including its consolidated subsidiaries, is made known to us by others within those entities,     
|   | particularly during the period in which this annual report is being prepared;                                 
|b) | evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days
|   | prior to the filing date of this annual report (the "Evaluation Date"); and                                   
|c) | presented in this annual report our conclusions about the effectiveness of the disclosure controls and        
|   | procedures based on our evaluation as of the Evaluation Date;                                                 





|5. | The registrant's other certifying officer and I have disclosed, based on our most recent evaluation, to the
|-- | -----------------------------------------------------------------------------------------------------------
|   | registrant's auditors and the audit committee of registrant's board of directors (or persons performing the
|   | equivalent functions):                                                                                     





|a) | all significant deficiencies in the design or operation of internal controls which could adversely affect the
|-- | -------------------------------------------------------------------------------------------------------------
|   | registrant's ability to record, process, summarize and report financial data and have identified for the     
|   | registrant's auditors any material weaknesses in internal controls; and                                      
|b) | any fraud, whether or not material, that involves management or other employees who have a significant       
|   | role in the registrant's internal controls; and                                                              





|6. | The registrant's other certifying officer and I have indicated in this annual report whether there were significant 
|-- | --------------------------------------------------------------------------------------------------------------------
|   | changes in internal controls or in other factors that could significantly affect internal controls subsequent to the
|   | date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and    
|   | material weaknesses.                                                                                                





|Date: February 3, 2004         
|-------------------------------
|                               
|/s/ Karim Menassa              
|- -----------------------------
|Karim Menassa                  
|Principal Executive Officer    





---

CERTIFICATION



I, Michel Bayouk, certify that:





|1. | I have reviewed this annual report on Form 10-KSB of Medical International Technology, Inc.;                           
|-- | -----------------------------------------------------------------------------------------------------------------------
|2. | Based on my knowledge, this annual report does not contain any untrue statement of a material fact or omit to          
|   | state a material fact necessary to make the statements made, in light of the circumstances under which such            
|   | statements were made, not misleading with respect to the period covered by this annual report;                         
|3. | Based on my knowledge, the financial statements, and other financial information included in this annual report,       
|   | fairly present in all material respects the financial condition, results of operations and cash flows of the registrant
|   | as of, and for, the periods presented in this annual report;                                                           
|4. | The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure           
|   | controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:              





|a) | designed such disclosure controls and procedures to ensure that material information relating to the          
|-- | --------------------------------------------------------------------------------------------------------------
|   | registrant, including its consolidated subsidiaries, is made known to us by others within those entities,     
|   | particularly during the period in which this annual report is being prepared;                                 
|b) | evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days
|   | prior to the filing date of this annual report (the "Evaluation Date"); and                                   
|c) | presented in this annual report our conclusions about the effectiveness of the disclosure controls and        
|   | procedures based on our evaluation as of the Evaluation Date;                                                 





|5. | The registrant's other certifying officer and I have disclosed, based on our most recent evaluation, to the
|-- | -----------------------------------------------------------------------------------------------------------
|   | registrant's auditors and the audit committee of registrant's board of directors (or persons performing the
|   | equivalent functions):                                                                                     





|a) | all significant deficiencies in the design or operation of internal controls which could adversely affect the
|-- | -------------------------------------------------------------------------------------------------------------
|   | registrant's ability to record, process, summarize and report financial data and have identified for the     
|   | registrant's auditors any material weaknesses in internal controls; and                                      
|b) | any fraud, whether or not material, that involves management or other employees who have a significant       
|   | role in the registrant's internal controls; and                                                              





|6. | The registrant's other certifying officer and I have indicated in this annual report whether there were significant 
|-- | --------------------------------------------------------------------------------------------------------------------
|   | changes in internal controls or in other factors that could significantly affect internal controls subsequent to the
|   | date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and    
|   | material weaknesses.                                                                                                





|Date: February 3, 2004         
|-------------------------------
|                               
|/s/ Michel Bayouk              
|- -----------------------------
|Michel Bayouk                  
|Principal Accounting Officer   





---