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.
FORWARD-LOOKING STATEMENTS
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.