Revolutionary Concepts, Inc. Nears Final Stages in Sell of Security Patents and Children's Toy Licensing
November 12 2013 - 2:57PM
Revolutionary Concepts, Inc., a company focused on the design and
development of intellectual property (IP) rights, and trade names
such as Eye Talk Communicator (OTCBB:REVO)
(www.revolutionaryconceptsinc.com) confirmed today that
negotiations involving a recent Letter Of Intent are still underway
and progressing positively.
"While we await the details of a shareholder vote and definitive
agreement, we are buoyed by a recent US Patent Office decision to
deny a claim made by a security company in our space. In addition,
there has been interest in a remaining patent by a toy
manufacturer. The sensory and interactive capabilities of our
technology bring our patents to the forefront and recent interest
brings additional attention to the children's toy and medical
application patents," states Ron Carter, President and CEO.
Senior Vice President Solomon RC Ali states, "The exposure
Revolutionary has received from hiring a partner to market the
security patents to both hardware and software companies has
provided a much needed platform for us and the potential of an
upside to investors who have been with this venture for years. The
security patents are now attractive to corporations who will have
the wherewithal to dispute claims of those infringing on the
patents, offer distance to Revolutionary from any litigation or
infringement counterclaims and, provide the much needed capital for
Revolutionary to continue developing the remaining patents."
About Revolutionary Concepts, Inc.
Revolutionary Concepts, Inc. is a development stage company
focused on the design and development of intellectual property (IP)
rights, and trade names such as Eye Talk Communicator. We currently
have 7 patents registered with the USPTO, with others pending. Our
first 7 patents that have been awarded are related to an entry
management system and give users the ability to remotely and
interactively monitor via two-way communication and control an IP
camera while using a personal communication device. Additional uses
our IP include medical applications, and infant care technology.
Revolutionary Concepts Inc. is headquartered in Charlotte, NC with
consultants located throughout the United Sates.
www.revolutionaryconceptsinc.com
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.
CONTACT: Revolutionary Concepts
info@revolutionaryconceptsinc.com
Phone: (980)225.5376
Phone: (704)837.5705 Solomon Ali
www.revolutionaryconceptsinc.com