CARDIFF, Calif., June 7, 2011 /PRNewswire/ -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (Pink OTC: MTEK), announced this morning that The Company will begin filing quarterly financials to provide shareholders updated, current information. The Board of Directors resolved to this action as a result of receiving a ten day temporary trade halt on MTEK. The Company is finalizing first and second quarter financial statements, to be filed publicly as soon as possible. It is the Company's goal to bring the public information current immediately to resume the trading status of MTEK. The Company will update shareholders on the progress and announce in a press release when trading has resumed.
The Company has elected to accelerate its financial filings on a quarterly basis to provide transparency to its shareholders and avoid temporary trading disruptions in the future. The Company was one of seventeen companies halted today for lack of public information and understands the SEC's role to ensure current information is provided to protect shareholders. The Company is working diligently to remedy the situation. The Company appreciates its shareholders support and patience as we continue to move Mind Technologies forward.
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.