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Mind Technologies, Inc. Enters Joint Venture Agreement
CARDIFF, Calif., Nov. 9, 2010 /PRNewswire-FirstCall/ -- Mind Technologies, Inc. (Pink Sheets: JEDM), http://www.MindTechnologiesInc.com, announces a Joint Venture Agreement with Amplitech, Inc. http://www.Amplitechinc.com , an ISO 9001: 2008 certified company. The Agreement allows the Company to purchase 100% of Amplitech Inc.'s business, assets and revenue streams, which would provide a significant advantage to our discovery, research, revenue and client list. Amplitech Inc.'s client list ranges from Raytheon, NASA, Lockheed Martin, BAE Systems and many other Fortune 500 companies.
Besides adding approximately $1,200,000 in revenue and over $800,000 in total assets to the Company, Amplitech, Inc. will position the Company as the leader in the BCI (Brain Computer Interface) market, by developing state of the art hardware components which will enhance the accuracy and reliability of EEG signals produced by the brain.
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.
http://www.MindTechnologiesInc.com
SOURCE Mind Technologies, Inc.
Mind Technologies, Inc.
CONTACT: Investor Relations, +1-760-635-2595, Jeff@MindTechnologiesInc.com
Web Site: http://www.amplitechinc.com
Mind Technologies, Inc. Enters Joint Venture Agreement
CARDIFF, Calif., Nov. 9, 2010 /PRNewswire-FirstCall/ -- Mind Technologies, Inc. (Pink Sheets: JEDM), http://www.MindTechnologiesInc.com, announces a Joint Venture Agreement with Amplitech, Inc. http://www.Amplitechinc.com , an ISO 9001: 2008 certified company. The Agreement allows the Company to purchase 100% of Amplitech Inc.'s business, assets and revenue streams, which would provide a significant advantage to our discovery, research, revenue and client list. Amplitech Inc.'s client list ranges from Raytheon, NASA, Lockheed Martin, BAE Systems and many other Fortune 500 companies.
Besides adding approximately $1,200,000 in revenue and over $800,000 in total assets to the Company, Amplitech, Inc. will position the Company as the leader in the BCI (Brain Computer Interface) market, by developing state of the art hardware components which will enhance the accuracy and reliability of EEG signals produced by the brain.
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.
http://www.MindTechnologiesInc.com
SOURCE Mind Technologies, Inc.
Mind Technologies, Inc.
CONTACT: Investor Relations, +1-760-635-2595, Jeff@MindTechnologiesInc.com
Web Site: http://www.amplitechinc.com