Mind Technologies, Inc. to Open Mobile Applications Store

Mar 03, 2011, 09:00 ET from Mind Technologies, Inc.

CARDIFF, Calif., March 3, 2011 /PRNewswire/ -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (Pink Sheets: JEDM), a leader in thought controlled technologies, announced today that the Company has begun the process of opening a mobile applications store. The first mobile applications which are being developed for Google's ANDROID and Apple's iPhone are expected to become available by the end of the second quarter and the online store will be rolled out with the first available applications. In addition, Mind Technologies is setting up a revenue sharing plan for outside developers of mobile thought controlled technology applications. All of the mobile applications being developed by Mind Technologies will work with the new proprietary headset being developed by the Company.

Mind Technologies will host a second investor conference call for investors and prospective investors on March 16, 2011 at 4:00 PM EST. The call in number and access code will be issued via the website and news release on Monday, 14 March, 2011.

Among items to be discussed include:

  • Update on funding through 60% owned Mind Solutions, Inc.
  • Positive effects of European Funding on capital structure of JEDM
  • Second generation Brain Computer Interface (BCI) progress
  • Management and Advisory board additions

"Development of the new headset as well as mobile applications is progressing on schedule and we expect to have detailed updates for our investors on our quarterly conference call," said Mind Technologies CEO and President, Brent Fouch. "We are working on several fronts right now and expect to continue expansion of development of thought controlled technologies for the foreseeable future. The growth of the mobile applications market is astounding and we want to be the leader in mobile apps for thought controlled technologies," 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.



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