Mind Technologies, Inc. Licenses Software Applications to VOIS Inc.
CARDIFF, Calif., Dec. 19, 2012 /PRNewswire/ -- Mind Technologies, Inc. (OTC-MTEK), a leading provider of thought-controlled user interface software applications, today announced that it has entered into a License Agreement with VOIS, Inc. (OTC Bulletin Board – VOIS) whereby it has granted VOIS a non-exclusive license to use, develop and commercialize Mind Technologies' three thought-controlled software applications, Mind Mouse, Master Mind and Think-Tac-Toe. In exchange for the grant of the license, VOIS has paid a one-time license fee by the issuance to Mind Technologies of 7 million shares of VOIS common stock.
"We believe the license of our technology to VOIS will be beneficial to Mind Technologies and its stockholders by providing additional avenues for the commercialization of our revolutionary technologies, while at the same time giving us the opportunity to capitalize on VOIS' successes through our ownership of a significant stake in the company," said Jeff Dashefsky, Mind Technologies' Director of Communications.
SOURCE Mind Technologies, Inc.