Mind Technologies, Inc.(fka MTEK)

[alexander77]

NEWS!!!Mind Solutions, Inc. has signed an Agreement with a prominent Swiss Firm to assist The Company in raising capital through the European Markets. The Firm anticipates a successful capital raise of 4 to 5 million Euros, which begins immediately.


"CARDIFF, Calif., June 3, 2011 /PRNewswire/ -- Mind Technologies, Inc. (http://mindtechnologiesinc.com) (Pink OTC: MTEK), announced today that additional funding has commenced through their European subsidiary, Mind Solutions, Inc. which is traded on the Deutsche Borse Stock Exchange. Mind Solutions, Inc., with a market cap in excess of $50 million is a majority owned subsidiary company of Mind Technologies, Inc.

Mind Solutions, Inc. has signed an Agreement with a prominent Swiss Firm to assist The Company in raising capital through the European Markets. The Firm anticipates a successful capital raise of 4 to 5 million Euros, which begins immediately. Mind Solutions, Inc. plans to use the proceeds to finalize the development of an advanced EEG headset, currently in development and expected to be released this year. The technology being developed is expected to revolutionize the BCI (Brain Computer Interface) market by providing a smaller, easy to use, EEG device that can be used for mobile smart phones as well as the PC. Additional capital raised will be used for a global marketing campaign, set to begin upon the release of The Company's proprietary EEG headset. The Company plans to make their EEG headset and thought controlled software a household name throughout the world as a result of the extensive marketing planned; and believes the technological advancements of the EEG headset being developed will position The Company as the leader and platform of choice for the BCI industry going 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."

http://finance.yahoo.com/news/Mind-Technologies-Inc-Signs-prnews-1425720313.html?x=0&.v=1