Mind Technologies, Inc. Summarizes Developments; Investor Conference Call to Update Investors With 2011 Plans

Dec 14, 2010, 13:46 ET from Mind Technologies, Inc.

CARDIFF, Calif., Dec. 14, 2010 /PRNewswire-FirstCall/ -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (Pink Sheets: JEDM), has scheduled a conference call for investors and prospective investors this Wednesday, December 15, 2010 at 4:30 PM EST, 1:30 PM PST. Call in number is (605) 562-3000 and participant access code is 182259#. Please address all questions for this conference call to jeff@mindtechnologiesinc.com. During this call, Mind Technologies CEO and President Brent Fouch will address relevant investor questions and expand on the Company's plans for growth and marketing in 2011.

"We have had a very successful year and we expect big things in 2011 and beyond. We want our investors to be part of our team. To that end, we will be holding quarterly investor conference calls starting next year," said Brent Fouch, CEO and President of Mind Technologies, Inc.

During 2010, Mind Technologies has completed three applications and brought them to market. The first was Think Tac Toe, a cognitive game in which the game can be played using on the power of their mind.

The second application, Mind Mouse, is a revolutionary thought-controlled software application which allows the user to navigate the computer, click and double click to open programs, compose email and send with the power of their mind.

The third and most recent application, Master Mind, is a new gaming application that allows users to play their favorite PC games with the power of their mind. Existing PC games such as World of Warcraft and Call of Duty can now be played with the power of your mind, rather than using the traditional computer keyboard and mouse.

Mind Technologies, Inc.'s 60 percent owned subsidiary, Mind Solutions Corp, began trading on the Deutsche Borse Stock Exchange in Germany. Mind Solutions has a current market valuation of $59 million which will be used for subsequent financings for Mind Technologies which will curtail any unnecessary dilution of the stock.

Mind Technologies has also begun progress on research and implementation of advanced EEG signal processing, which will lead to the development of Mind Technologies' own wireless headset.

Also in 2011, Mind Technologies is entering the mobile applications market which is expected to be a $50 billion industry by 2012 according to a study by Chetan Sharma Consulting.

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.

Safe Harbor:

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.