SAN DIEGO, Calif., April 2, 2014 /PRNewswire via COMTEX/ — Mind Solutions, Inc. (OTCQB – VOIS), announces the receipt of a $1,000,000 funding commitment that will enable the Company to initiate its business model and further the development of their proprietary EEG/ BCI mobile headset. The funding commitment provided requires the Company to file an S-1 Registration Statement with the Securities Exchange Commission to become “Effective” prior to receiving funds. From there, the Company may draw down monthly tranches of capital at their discretion, on an “as needed” basis. The Company has filed an 8K with full details on the funding terms. MSI plans to file their annual 10K within the next week.
The Company still seeks funding and strategic partnership, to complete the headset, from a larger outside firm that desires an equity interest in the device itself. However, The Company has secured the funding commitment to ensure the steady progress of the product in the event Terms cannot be reached with an outside investor.
Mind Solutions, Inc. has completed a proprietary working prototype of the micro EEG headset to operate mobile smart phones and tablets through the power of your mind. The Company believes it will be the world’s smallest user-friendly BCI product on the market, which can be worn on the ear like a Bluetooth cellular device. In an effort to minimize dilution in the publicly traded stock, The Company has announced its desire to partner with or be acquired by a larger firm with deeper resources in exchange for direct ownership in the device itself. The Company is in discussions with interested parties and encourages other firms that desire ownership in this revolutionary product to contact The Company immediately to be considered.