Jedi Mind, Inc. in Excellent Financial Shape to Expand Business
Posted by Tom Allinder
Jedi Mind, Inc. (Pink Sheets: JEDM) announced that the company is now debt free and has an excellent cash position to expand both the gaming and medical divisions through the rest of 2009 and into 2010. Jedi Mind has in excess of $500,000 of working capital which is being used to hire additional top quality programmers, expand their facility and upgrade computer hardware and software applications to the latest standards.
Jedi Mind also expects sales of their first game to provide additional working capital toward the end of 2009 and into 2010. Additional items the company is working on include: Expanding the board of directors by mid 2010. The board will consist primarily of individuals outside of the company with experience in the gaming industry, medical industry as well as professionals with strong marketing and business experience. Jedi Mind also expects a significant expansion of the medical division through next year as well. A number of additional demonstrations and trade shows to demonstrate the company’s software applications with the wireless headset are expected to take place as well.
“We feel that we have started this business correctly; it’s a process that has a number of steps and there are no short cuts if you want to be successful. We cleaned up all of the debt in our company and currently operate with over a half of a million dollars in capital,” stated Brent Fouch, CEO of Jedi Mind, Inc. “We have seen significant interest in our software applications on both the gaming and medical side; we are in discussions with programmers, doctors and a number of other individuals to facilitate our expansion,” concluded Fouch.