CARDIFF, Calif., May 7, 2013 /PRNewswire/ -- The Board of
Directors of Mind Technologies, Inc. (OTC: MTEK) ("Company"),
has declared a special dividend of 30,000,000 shares of VOIS Inc.
to all common shareholders. The Company plans to affect a pro rata
spin-off of all of the shares of VOIS Inc. common stock owned by
the Company. The record date for the special dividend will be
May 15th, 2013, and we
expect the payment date for the special dividend to be on or about
June 1st, 2013.
The special dividend rate will be set at the record date, but is
expected to be in an amount of 1 share of VOIS Inc. common stock
for every 12 shares of the Company's common stock held as of the
record date. The Company's stockholders will not receive
fractional shares of VOIS Inc. common stock in the distribution. As
a result, no stockholder holding fewer than 12 shares of the
Company's common stock as of the record date will receive shares of
VOIS Inc. common stock.
The special dividend is not a share exchange, and each
stockholder receiving VOIS Inc. shares pursuant to this special
in-kind dividend will continue to own the shares of MTEK currently
held. The VOIS Inc. shares distributed pursuant to the
special dividend are not registered, and may not be sold,
transferred or assigned unless held for six months in accordance
with Rule 144 under the Securities Act of 1933, as amended.
The Company has assumed an operating business and management
team in an unrelated industry to begin operations under MTEK once
the spin-off is complete. The new management plans to pursue the
up-listing of MTEK to a higher market as soon as practicable, and
will provide updates as material progress is made.
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.
www.MindTechnologiesInc.com
SOURCE Mind Technologies, Inc.