Jedi Mind, Inc. Announces New Thought-Controlled Application for $13 Billion Market
Poster: SySAdmin
Posted on May 26, 2010 at 3:07:01 PM
Jedi Mind, Inc. Announces New Thought-Controlled Application for $13 Billion Market
CARDIFF, Calif., May 26 -- Jedi Mind, Inc. (Pink Sheets: JEDM) (http://www.jedimindinc.com) announces The Company's next software application in development is scheduled to hit the market next month. The thought-controlled software application allows the user to play existing PC games on the market with the power of their mind. Rather than using a traditional keyboard, mouse or hand-held controller; the player controls the characters with their thoughts through the use of a wireless headset that reads your brainwaves.
Annual sales of PC games reached $13.1 billion in 2009, which represents a 3% increase in worldwide PC gaming revenues. That number doesn't just contain sales of games at brick-and-mortar stores. In fact those sales actually declined in 2009 and now cover less than 20 percent of all software-based revenues. Digital distribution of PC games made up the difference. Other sources of revenue for their numbers came from monthly subscriptions for online games, sales of virtual items and sales of ads for gaming web sites. While revenues in the US and Europe were down between 10 and 15 percent in 2009, the still growing Asian market made up for the difference. Jedi Mind, Inc. expects to capture 3-5% of this existing market, by offering an alternative gaming experience.
About Jedi Mind, Inc.
Jedi Mind, Inc. 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, developed by Emotiv, 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. The Company develops medical applications and video games that are controlled by the power of your mind.
Safe Harbor:
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.
http://www.JediMindInc.com
Source: Jedi Mind, Inc.
CONTACT: Investor Relations of Jedi Mind, Inc., +1-760-635-2595,
Contact@JediMindInc.com
Web Site: http://www.jedimindinc.com/
CARDIFF, Calif., May 26 -- Jedi Mind, Inc. (Pink Sheets: JEDM) (http://www.jedimindinc.com) announces The Company's next software application in development is scheduled to hit the market next month. The thought-controlled software application allows the user to play existing PC games on the market with the power of their mind. Rather than using a traditional keyboard, mouse or hand-held controller; the player controls the characters with their thoughts through the use of a wireless headset that reads your brainwaves.
Annual sales of PC games reached $13.1 billion in 2009, which represents a 3% increase in worldwide PC gaming revenues. That number doesn't just contain sales of games at brick-and-mortar stores. In fact those sales actually declined in 2009 and now cover less than 20 percent of all software-based revenues. Digital distribution of PC games made up the difference. Other sources of revenue for their numbers came from monthly subscriptions for online games, sales of virtual items and sales of ads for gaming web sites. While revenues in the US and Europe were down between 10 and 15 percent in 2009, the still growing Asian market made up for the difference. Jedi Mind, Inc. expects to capture 3-5% of this existing market, by offering an alternative gaming experience.
About Jedi Mind, Inc.
Jedi Mind, Inc. 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, developed by Emotiv, 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. The Company develops medical applications and video games that are controlled by the power of your mind.
Safe Harbor:
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.
http://www.JediMindInc.com
Source: Jedi Mind, Inc.
CONTACT: Investor Relations of Jedi Mind, Inc., +1-760-635-2595,
Contact@JediMindInc.com
Web Site: http://www.jedimindinc.com/