|By Marketwired .||
|January 6, 2014 09:11 AM EST||
CHARLOTTE, NC -- (Marketwired) -- 01/06/14 -- Revolutionary Concepts, Inc. (OTCQB: REVO), a publicly traded company that designs and develops mobile video software and remote security communication systems, announced that it is now in advance discussions and negotiations to license its patented mobile security alarm services portfolio.
The Company has been in discussions for several months with several companies that have expressed strong interest in acquiring REVO's patented system. Those discussions and negotiations have reach an advanced stage whereby the Company believes it will be entering into a licensing agreement for one or more of its patents, and will close the transaction very soon. The Company has been considering various options for its patented technology for the past year, including selling the entire portfolio of patented technologies to one or more companies.
After extensive discussions and negotiations, REVO decided it was in its best interests to license its technologies now, to generate long-term revenues for the Company through residual and ongoing licensing fees and royalties. The Company is still in negotiations to sell some or all of its patented technologies in the future to generate even greater revenue and value for the Company.
REVO, developed the "EyeTalk Communicator," a wireless mobile video, remote smart camera security technology. The system is designed to provide nationwide protection and monitoring of homes and businesses against multiple threats including robbery, fire, theft, burglary and other intrusions through mobile phones, wireless video and remote smart camera security technology. The EyeTalk system will interface with smart devices such as iPhone, iPad, BlackBerry and Android, and represents the new frontier in the use of wireless smart devices for protection and security.
About Revolutionary Concepts, Inc.
REVO is focused on the design and development of the "EyeTalk" Communicator technology, a mobile video, remote smart camera security technology. The system is designed to provide nationwide protection and monitoring of homes and businesses against multiple threats including robbery, fire, theft, burglary and other intrusions through mobile phones, wireless video and remote smart camera security technology. REVO holds patented and patent pending applications that utilize the technology in medical/healthcare, sporting events, child monitoring and several other key areas. Mobile and wireless communications are the major forces driving the "EyeTalk" system technology and represents a new frontier of wireless smart devices for home and business protection. For more information visit www.revolutionaryconceptsinc.com
For inquiries contact: Media Relations: Solomon Ali at 704-837-5705
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Revolutionary Concepts Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.