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Mind Technologies, Inc. Signs Funding Agreement for European Subsidiary

by admin on June 3, 2011

mind solutions incMind Technologies, Inc. (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.

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