Mind Technologies, Inc.(fka MTEK)

[fla-trader]

JEDM (http://www.jedimindinc.com/) is providing a summary update of the Company's progress through 2009 to highlight milestones achieved and provide guidance through 2010

Applications Developed- The Company has completed their first thought-controlled application, which is a game called "Think-Tac-Toe". This is a significant milestone for the Company and its shareholders, confirming the ability of our top-tier programming team to complete projects in a timely and cost-effective manner. The Company conservatively anticipates sales of 15,000 units in 2010, which would provide $735,000 in sales and a gross profit margin in excess of 80%. This is the first of several applications being developed for both the gaming industry as well as for medical applications. The Company plans to release one new application every quarter through 2010, with an emphasis on medical applications

Excellent Financial Shape- The company is now debt free and has an excellent cash position to expand both the gaming and medical divisions through the rest of 2009 and into 2010. Jedi Mind has in excess of $500,000 of working capital which is being used to hire additional top quality programmers, expand their facility and upgrade computer hardware and software applications to the latest standards

Board of Advisors- The Company announced that Dr. Gordon Chiu has joined Jedi Mind, Inc.'s advisory board and will head up the new medical division. Dr. Chiu has worked for both Pfizer Inc. and Merck & Co. Inc. as a research scientist and has healthcare and marketing experience with strong links to Wall Street and Asia. The Company plans to add experts in their field to the Board of Advisors throughout 2010 that will provide invaluable input to the development and marketing of both gaming and medical application technologies

Media Coverage on CNBC and CNN- The Company has announced that the filming of "Inside Business" hosted by Fred Thompson is now complete. The segment featuring Jedi Mind will air nationwide on CNBC, CNN Headline News and on over 1,300 other media outlets, which is expected to reach an audience of over 90 million viewers. The segment is expected to air in approximately six weeks, with dates and times to be announced as soon as they are confirmed

2010 And Beyond- The Company has made significant progress since going public in April, 2009 and plans to accelerate this pace through 2010. The Company has recently hired a top-tier PR firm with over 30 years experience, to bring Jedi Mind's technology to the mainstream media and provide additional exposure for the Company and applications being developed. Jedi Mind has engaged an international investment banking firm to provide up to $5,000,000 for the medical applications division. The Company expects to provide a formal announcement to shareholders in the first quarter 2010 regarding the progress and terms of the financing being discussed

Jedi Mind, Inc. would like to thank all its shareholders for their continued support and wishes everyone a Happy Holiday season

http://www.jedimindinc.com/