Mind Technologies, Inc. Shareholder Update
CARDIFF, Calif., July 25, 2012 /PRNewswire/ -- Mind Technologies, Inc. ( www.mindtechnologiesinc.com ) (OTC: MTEK), has completed the two years financial statements and the majority of legal work necessary which may allow the Company to regain trade ability of our common stock. The Company is in the process of having preliminary information reviewed before completing and filing these disclosure and accounting documents. Though the time frame to complete the process cannot be predicted, the Company is working diligently within the time frames of the SEC and legal counsel to complete the process.
The Company's subsidiary, Mind Solutions, Inc., is pleased to announce the completion of their micro EEG headset. The Company has received a working prototype of the device, which receives EEG signals and successfully communicates with the majority of Android devices tested. The software development kit (SDK), which acts as the operating system to the device, is the next stage being developed to complete the product. The Company is right on schedule with the development of this new product with an estimated product launch in 2013.
Beginning August 1st, The Company's Investor Relations number will be changed to (858) 461-0423.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
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