Revolutionary Concepts Mobile Security System Could Dominate the $16 Billion Security Alarm Services Industry
December 09 2013 - 10:45AM
Marketwired
Revolutionary Concepts Mobile Security System Could Dominate the
$16 Billion Security Alarm Services Industry
"EyeTalk" System Could Revolutionize the Mobile and Online
Security Services Industry
CHARLOTTE, NC--(Marketwired - Dec 9, 2013) - Revolutionary
Concepts Inc., (OTCQB: REVO), a publicly traded company that
designs and develops mobile video software and remote security
communication systems, announced that it has been in talks with one
of the world's largest internet related service companies to sell
or license its patented mobile product portfolio. Several other
companies have expressed strong interest in acquiring REVO'S
system, in what many believe could be a revolutionary technology in
the $16 billion alarm system service industry.
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 is projected to revolutionize the mobile and
online security services market by selling a patented system
designed to provide an unprecedented level of wireless
communication, property protection, interactive services and
security solutions. 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.
In the last few years, many large companies have realized the
growing power of the internet, wireless technologies and the use of
mobile devices to generate higher revenues and profits. This has
resulted in significant and substantial amounts of capital being
raised and expended to acquire these companies and wireless mobile
communication technologies.
On June 19, 2013, Yahoo! Inc., acquired "Tumblr," an internet
blog posting website for $1.10 billion. Tumblr was started in 2007,
and generated $13 million in revenues in 2012, and $13 million in
the first quarter of 2013. According to Yahoo's Form 10-Q
Report for June 30, 2013, the $1.10 billion acquisition, included
$113 million in liabilities, for a net purchase price of $990.2
million. The acquisition price of $1.10 billion was 84 times
Tumblr's $13 million in revenues for 2012.
In August 2012, Facebook Inc. acquired Instagram, a mobile
phone-based photo-sharing service. Instagram was started in October
of 2012, had 16 employees and reported no revenue at the time of
the closing of the transaction. According to Facebook's Form 10-K
Annual Report for December 31, 2012, the purchase price of $521
million included $433 million allocated to "goodwill."
Revolutionary Concepts President, Ron Carter states,
"We have been in talks with several companies regarding the
acquisition and licensing of our patented system, the talks with
this $50 billion multinational internet company appears to be a
good fit for us with strong synergies. We're very excited because
of the potential marketing of the product through the many internet
and wireless based mobile communication channels that they have,
and many more that are rapidly developing. If we are successful in
completing the transaction of the sale or licensing of our
technologies, we may not obtain a price $500 million to $1.10
billion range as in the case of the acquisitions of Tumblr and
Instagram; however it does give an indication of the kinds of
prices these firms are willing to pay to acquire companies with
revolutionary products like ours. Based on our discussions with
some of these firms, we believe we could sell or license our
patented system in the high multi-million dollar range."
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 "EyeTalk" system technology. It represents
a new frontier of wireless smart devices for home and business
protection. For more information visit
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 Universal Bioenergy 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.
For inquiries contact: Media Relations Solomon Ali
704-837-5705