|By Marketwired .||
|June 25, 2014 01:20 PM EDT||
CHARLOTTE, NC -- (Marketwired) -- 06/25/14 -- Revolutionary Concepts Inc. (PINKSHEETS: REVO), a publicly traded company that holds patented mobile video software and remote security communication technologies commented today on its subsidiary, Greenwood Finance Group, LLC's intent to establish a financial relationship to fund a segment of its investment operations.
"The borrowing of up to ten million dollars will not only help Greenwood's growth by addressing its bottom line, but will ensure the creation of value through an accumulation of assets that can realize normal industry gains. These assets can then be leveraged at higher multiples for targeted acquisitions," states Solomon RC Ali, Sr. Vice President.
Greenwood's Sr. Accounts Operations Manager Carlos Rubio states, "The opportunity for additional funding or joint ventures is very exciting for our group. We will now be able to address both long and short term investment strategies while continuing to acquire assets that are historically undervalued. As part of a previous group, Greenwood was very successful in identifying and acquiring both distressed and undervalued investments. Our current approach is more of a partnership with our clients offering financing solutions that are of mutual benefit.
The potential of new funding as well as the commitment by current investors to begin making payments on $1,050,000.00 in annual interest payments will take Greenwood a long way towards positive revenue numbers and eventual profits."
About Revolutionary Concepts Inc.
REVO's primary business is 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. For more information visit www.revolutionaryconceptsinc.com.
About Greenwood Finance Group, LLC.
Greenwood Finance Group is a private equity firm consisting of a team of individuals who understand the work that goes into developing businesses in their beginning stages. Greenwood Finance Group provides broad-spectrum investment and capital services to small-cap and micro-cap companies; strategically positioning them for long-term growth and profitability. Greenwood delivers, through our global network of investment partners and private equity groups, the capabilities to quickly tailor funding solutions that meet the unique needs of each client which can be tailored to a client's capital funding needs so it can focus on growing the company.
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.
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