CARDIFF, Calif., April 3, 2012 /PRNewswire/ -- Mind Technologies, Inc. (OTC: MTEK), is providing an update to shareholders regarding the progress of the Company's business and corporate filings. The Company has been in the process of completing two years of audited financials to become a fully reporting company. The process is very close to being finished and the audited financials will be filed with the SEC upon completion. Additional disclosure documents are being prepared simultaneously by the Company's law firm, which will be filed with the audited financials for the purpose of being listed on the OTC BB.
The Company is working diligently to accomplish this goal in the shortest time frame possible. Though the exact time of completion cannot be predicted, the Company expects to file with the SEC this month. Once the documents submitted are approved, the Company will make a formal announcement to all shareholders.
The Company's business has not been delayed by the filings. The development of our patent pending micro EEG headset is moving quickly, with prototypes received and tested. The device has produced the EEG signals we were looking for and communicates effectively with the Android tablets tested. The device will enter the design phase shortly, with the final prototype expected to be revealed this year.
About Mind Technologies, Inc.
Mind Technologies, Inc. develops software for thought controlled technologies, allowing the user to interact with the computer and other machines through the power of the mind. The technology involves the use of a wireless headset, which detects brainwaves on both the conscious and non-conscious level. This revolutionary neural processing technology makes it possible for computers to interact directly with the human brain. The Company creates medical applications and video games that are controlled by the power of your mind.
This press release contains 'forward-looking statements'. These are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the company's plans, projected growth in our sales volume, goals and, the business strategy of the company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially either because one or more predictions prove to be erroneous or as a result of other risks facing the company. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements. We undertake no obligation to update or revise any forward-looking statement to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.
SOURCE Mind Technologies, Inc.