CARDIFF, Calif., June 30, 2011 /PRNewswire/ -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (OTC Pink: MTEK), announces the progress of the Company's proprietary EEG headset and is providing an update on the Company's Form 2-11 submission. Mind Technologies has paid for and filed a comprehensive patent application with the U.S. Patent and Trademark office relating to the new design and function of the Company's advanced EEG headset technology. The technology being developed is smaller, lighter, and designed with the end user in mind. The proprietary EEG headset will operate the Company's thought controlled software applications and is expected to be the premier platform for the brain computer interface (BCI) market.
Experts at the Consumer Electronics Show (CES) say that mind-controlled technology may be the next big thing, according to an article published in the Denver Post - Mind-controlled devices may be next, say experts at CES - The Denver Post . Mind Technologies is positioned on the ground floor of this emerging sector and believes the Company's proprietary EEG hardware and thought controlled software applications will bring long term shareholder value through internal growth or by acquisition from a larger corporation seeking to enter the market.
The Company is working diligently with our market maker with the filing of our Form 2-11 application with FINRA to be re-instated on the OTC Pink market as a current issuer, filing quarterly financial reports going forward. The application is a process that can take days or weeks to be approved. The Company does not foresee any delays in the process and will update shareholders upon approval.
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.
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.
SOURCE Mind Technologies, Inc.