CARDIFF, Calif., Oct. 25 /PRNewswire-FirstCall/ -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (Pink Sheets: JEDM), has successfully listed their majority owned subsidiary, "Mind Solutions, Inc." on the Deusche Borse Stock Exchange. This listing gives the Company the ability to raise capital through the European market without affecting the publicly traded float in the U.S. market. The Company plans to raise up to $15,000,000 to position itself as the world-wide leader in brain computer interface (BCI) technology, specializing in the commercialization for the mobile market.
What this means for shareholders - As a majority owned subsidiary of Mind Technologies, Inc., all revenue, assets and market value of the newly listed corporation will reflect in the Company's financial statements. The Company anticipates an initial market valuation in excess of $25,000,000.
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, developed by our strategic partner, which detects brainwaves on both the conscious and non-conscious level.
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.