Mind Technologies, Inc. Declares Dividend
CARDIFF, Calif., Jan. 31, 2013
CARDIFF, Calif., Jan. 31, 2013 /PRNewswire/ -- The Board of Directors of Mind
Technologies, Inc. (OTC: MTEK) (the "Company"), has declared a special
dividend of 7,000,000 shares of VOIS Inc. to all common shareholders to effect
a pro rata spin-off of all of the shares of VOIS Inc. common stock owned by
the Company. The record date for the special dividend will be February 1,
2013, and we expect the payment date for the special dividend to be on or
about March 1, 2013.
The special dividend rate will be set at the record date, but is expected to
be in an amount of 1 share of VOIS Inc. common stock for every 49 shares of
the Company's common stock held as of the record date. The Company's
stockholders will not receive fractional shares of VOIS Inc. common stock in
the distribution. As a result, no stockholder holding fewer than 49 shares of
the Company's common stock as of the record date will receive shares of VOIS
Inc. common stock.
The special dividend is not a share exchange, and each stockholder receiving
VOIS Inc. shares pursuant to this special in-kind dividend will continue to
own the shares of MTEK currently held. The VOIS Inc. shares distributed
pursuant to the special dividend are not registered, and may not be sold,
transferred or assigned unless held for six months in accordance with Rule 144
under the Securities Act of 1933, as amended.
The Company is still pursuing the up-listing of MTEK to a higher market and
will provide updates as material progress is made.
From time to time, the Company may issue news releases that contain
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934,
and is subject to the safe harbor created by those sections. This material may
contain statements about expected future events and/or financial results that
are forward-looking in nature and subject to risks and uncertainties. For
those statements, the Company claims the protection of the safe harbor for
forward-looking statement provisions contained in the Private Securities
Litigation Reform Act of 1995 and any amendments thereto. Any statements that
express or involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, goals, assumptions, or future events
or performance are not statements of historical fact and may be
"forward-looking statements." "Forward-looking statements" are based upon
expectations, estimates and projections at the time the statements are made
that involve a number of risks and uncertainties that could cause actual
results or events to differ materially from those anticipated.
SOURCE Mind Technologies, Inc.
Contact: Investor Relations, +1-858-461-0423, Contact@MindTechnologiesInc.com
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