SOURCE: Mindpix Corp

August 18, 2008 09:20 ET

Mindpix Corp. Secures Supplemental Debt Financing

OREM, UT--(Marketwire - August 18, 2008) - Mindpix Corporation, a Nevada Corporation (PINKSHEETS: MPIX) ( announced today that it has finalized a non-convertible debenture for its wholly owned subsidiary, Mindpix, Inc. dba UltraFlex Fitness. This debenture transaction totals more than $170,000. Proceeds will directly be used for the completion of the recently announced multi-resistance UltraFlex and TheraFlex products. Terms of the debenture include priority payout to the investor from sales of UltraFlex and TheraFlex along with accruing interest at 10% per annum. Management believes this agreement to be significant for securing the funds necessary to ensure product availability.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

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    David R. Ballif
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