CARDIFF, Calif., Feb. 23, 2011 /PRNewswire/ -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (Pink Sheets: JEDM), a leader in thought controlled technologies, is progressing on many fronts and is providing this first quarter summary to keep its shareholders updated and informed.
SOFTWARE APPLICATIONS- The Company's thought controlled software applications, which currently operate on the Emotiv platform, will be made available for all major BCI interfaces. This will open up sales of Mind Technology's revolutionary software applications to users of other interfaces, including The Company's proprietary headset currently being developed. The Company is busy working on next generation mobile applications, which will be made available for Google's ANDROID and Apple's iPhone.
EEG HEADSET- The Company's progress on the development of a proprietary EEG headset is on schedule. Following the process of protecting any patentable elements and securing copyrights, The Company will unveil the features of the headset to the public. The goal is to create a reliable, simple to operate EEG headset that can be used to operate mobile and PC based applications. Upon completion, The Company's business model will be enhanced with increased revenue from the sales of the headset as well as the software applications created.
The Company has consulted with several industry experts and companies involved in the development of advanced EEG technology and has assembled a first class Advisory Board to guide the process. The Company has deferred to acquire Amplitech or any other company for the time being as part of the development process of the EEG headset, as it would be too cost prohibitive and deplete necessary resources devoted to the design and marketing of the headset once completed.
QUARTERLY CONFERENCE CALL- Mind Technologies will conduct their quarterly conference call for shareholders and prospective investors in the month of March. The Company will formally announce the date and time in a press release in the near future. The quarterly conference calls are intended to keep shareholders abreast of the developments of The Company and offer a question and answer session to cover any questions not covered on the call.
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.