Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Mind Technologies Update On Trading Status

CARDIFF, Calif., Nov. 6, 2012 /PRNewswire/ -- Mind Technologies, Inc. (OTC: MTEK), is providing an update on Management's progress to bring value to all shareholders of MTEK.

Since receiving the SEC's stop-trading notice in June 2011 which resulted in the trading halt for MTEK's Common Stock (with only limited and sporadic trading on the grey market), MTEK has sought to undertake the effort to prepare and file the S-1 Registration with the Securities and Exchange Commission.  The S-1, as you may know, requires that extensive due diligence, disclosures and audited financial statements be prepared and completed before the filing can be made with the Commission, with no certain time frame of becoming effective. While MTEK has undertaken these efforts, the cost and management time needed to accomplish this goal has been very daunting given the Company's minimal financial resources.

Given these challenges and the uncertain time frames that we face, MTEK's management has initiated discussions with a fully reporting public company trading on the OTCQB for the sale of certain assets of MTEK in exchange for shares of the public company. In the event that we are successful in completing negotiations and other necessary steps, MTEK plans to later distribute shares of the public company's common stock acquired in the contemplated transaction as a dividend to MTEK shareholders. All of these contemplated transactions are subject to review of our legal counsel and subject to our ability to have the funds necessary to underwrite these and related efforts. In the event that we are able to undertake and complete these contemplated transactions, our goal is to ensure that shareholders of MTEK become shareholders of the  public company.  In that event, our goal is to consolidate the technology under one company and move forward with the fully reporting OTCQB listed public company. Based on our limited review, we believe that this may offer the best possible strategy to allow us to maximize the market price of our common stock.

As you may know, MTEK's CEO has funded all of MTEK's efforts for the past 17 months through loans to MTEK since other sources of financing have not been available.  As currently envisioned, if MTEK can implement these plans, the OTCQB public company will be managed by senior management that have experience in enhancing and developing small public companies and MTEK's current management will resign. If we are successful and if we can complete the initial steps, we anticipate that we will make a subsequent announcement on the status of our efforts in the near future and the same will include a description of the terms of the contemplated transactions.

About Mind Technologies, Inc.

MTEK 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. MTEK creates medical applications and video games that are controlled by the power of your mind.

Contact@MindTechnologiesInc.com

Jeff Dashefsky 858-461-0423

FORWARD-LOOKING STATEMENTS

This press release contains 'forward-looking statements'. These are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. In some cases forward-looking statements can be identified by the use of forward-looking words such as 'believes,' 'expects,' 'may,' 'will,' 'should,' or 'anticipates,' or the negative of these words or other variations of these words or comparable words, or by discussions of plans or strategy that involve risks and uncertainties. Management wishes to caution the reader that these forward-looking statements, including, but not limited to, statements regarding the company's plans, projected growth in our sales volume, goals and, the business strategy of the company and other matters that are not historical facts are only predictions. No assurances can be given that such predictions will prove correct or that the anticipated future results will be achieved. Actual events or results may differ materially either because one or more predictions prove to be erroneous or as a result of other risks facing the company. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, the intense competition the company faces from others, and technological changes. Any one or more of these or other risks could cause actual results to differ materially from the future results indicated, expressed, or implied in such forward-looking statements. We undertake no obligation to update or revise any forward-looking statement to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.

SOURCE Mind Technologies, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the “Internet of Things” (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve c...
Rackspace® on Tuesday announced new features to its DevOps Automation Service including Windows Support and expanded environment stack support. Rackspace also launched a new DevOps Advisory Service for broader DevOps transformation engagements. Available in the U.S. and UK, enhan...
Boundary is making server and application monitoring instantly accessible with the launch of two new editions of its popular cloud-based service. The products – Boundary Free and Boundary Premium – are designed for DevOps teams in organizations of all sizes that want high fideli...
Founded in 2011, ElasticBox’s goal is to make it as easy as possible to develop, deploy, and manage applications for any cloud infrastructure. ElasticBox is pioneering a simplified, modular, service-based application development process, where fully configured components of an ap...
Jérôme is a senior engineer at Docker, where he rotates between Ops, Support and Evangelist duties and has earned the nickname of “master Yoda”. In a previous life he built and operated large scale Xen hosting back when EC2 was just the name of a plane, supervized the deployment ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News

LONDON, Aug. 19, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report:

...