CARDIFF, Calif., March 9, 2011 /PRNewswire/ -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (Pink Sheets: JEDM), a leader in thought controlled technologies, announced today that the Company has signed a global distribution and marketing agreement for the Company's medical applications. Mind Technologies is pleased to announce Mr. Tim Howell's appointment to our newly created Medical Sciences Division as an exclusive distributor. Initially, the agreement will cover the marketing of Mind Mouse and the Company's new proprietary headset. The Mind Mouse interfaces a person's brain with a wireless EEG type headset to a computer, allowing any medically handicapped individual to operate all functions, including e-mail and web browsing, completely hands free without the use of speech or manual controls.
This agreement is expected to expand to other applications that the Company is developing at this time. In addition under the agreement, the distributorship will include storage, marketing, sales, and training on use of the products. This arrangement will greatly reduce the need for inventory and costs for Mind Technologies which will enable the Company to maximize margin on sales.
Mr. Howell has a company goal of providing the Mind Mouse's medically assistive technology throughout the United States and Internationally to those suffering disabling diseases, eliminating their ability to communicate. He is a spousal care provider married to a mid-stage ALS patient diagnosed in 2003. She is beating life expectancy odds. Mr. Howell is a member of the International ALS Internet Forum, has worked closely with the National Muscular Dystrophy/ALS Association (Helping Jerry's Kids), state ALS associations, Hospice, Medicare, Medicaid, Insurance Associations, physicians and private medical suppliers. Mr. Howell is a law school graduate, former marketing executive for Honeywell Corporation and a 23 year manufacturing business owner. He will bring depth, perspective and sales expertise to the marketing development of Mind Technologies Inc.
"This is a milestone event for Mind Technologies," said Brent Fouch, CEO of Mind Technologies, Inc. "Global marketing and distribution of our products has been our goal all along and we have reached our first goal with our medical applications. This will also benefit our Company greatly by reducing the logistical efforts of conducting sales and maintaining inventory in-house. This means we will not have to shoulder any additional costs which will maximize value for our shareholders and our Company," Fouch said.
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.