SOURCE Mind Solutions, Inc.
SAN DIEGO, Feb. 25, 2014 /PRNewswire/ -- Mind Solutions, Inc. (OTCQB – VOIS), is providing this update on The Company's discussions to partner with or have their technology acquired by a larger company with deeper resources. As discussions continue, the Company's focus is on isolating the EEG headset technology to be funded by a larger company that can accelerate the development process in order to launch the product to market much quicker. With the Company's EEG headset being approximately 80% complete, Mind Solutions seeks to provide an equity ownership in the headset itself in return for the required capital and resources to finalize and bring the product to market.
"By offering equity ownership in the product itself, it provides a method to fund and complete our mobile EEG headset without dilution in the market. The Company has been mindful to minimize dilution in the market, in order to raise the necessary capital to complete the project," stated Kerry Driscoll, CEO.
Mind Solutions' team plans to resume developing thought-controlled software applications and apply resources to sales and marketing of these products to increase the Company's revenue. The Company had paused the sales and marketing of the existing three thought-controlled applications on the market in order to focus on the development of the Company's EEG headset. Now that an outside equity partner is being negotiated to complete the headset, the Company's internal focus will be on the software side of business.
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