Revolutionary Concepts in Advanced Discussions for a Major Licensing Agreement for Its Patented Mobile Security System
January 06 2014 - 9:10AM
Marketwired
Revolutionary Concepts in Advanced Discussions for a Major
Licensing Agreement for Its Patented Mobile Security System
CHARLOTTE, NC--(Marketwired - Jan 6, 2014) - 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.
Contact: Media Relations Solomon Ali 704-837-5705