Revolutionary Concepts Forecasts $30 Million in Revenues, Announces Major Plans to Increase Investor Returns & Shareholder Va...
March 19 2014 - 12:25PM
Marketwired
Revolutionary Concepts Forecasts $30 Million in Revenues, Announces
Major Plans to Increase Investor Returns and Shareholder Value
CHARLOTTE, NC--(Marketwired - Mar 19, 2014) - Revolutionary
Concepts Inc., (OTCQB: REVO), a publicly traded company that
develops mobile video software and remote security communication
systems, plans major new initiatives to significantly increase
investor returns and improve shareholder value. After REVO
announced it signed a multi-year global licensing agreement with
its Licensee to commercialize REVO's patented "EyeTalk Communicator
System", REVO is forecasting $20 to $30 million in total estimated
annual revenues from residual licensing fees and royalties.
Now REVO's Board of Directors is reviewing several major
proposals that could increase the price of its stock and its market
value. Some of the Company's major strategic initiatives and
proposals under consideration include,
1. Distribution of a common stock dividend to its shareholders
on a 10 for 1 basis. Under this proposal, REVO's
shareholders would be entitled to receive one share of common
stock for every ten shares that they own, which could provide them
with an immediate return on their investment. The required
documentation would be filed with the U.S. Securities and Exchange
Commission and the Financial Industry Regulatory Authority
(FINRA).
2. REVO would consider purchasing up to 20% of its outstanding
shares of common stock as a capital investment. REVO is considering
purchasing up to 98.9 million shares or 20% of its 494,748,924
outstanding shares of common stock. The timing and amounts of any
repurchases are subject to changes in market conditions and other
factors. Repurchases will be made in compliance with all SEC rules
and other legal requirements.
3. Proposal to improve its financial performance and restructure
its Balance Sheet to reduce its debt and total liabilities. REVO
plans to take measures to significantly reduce its $3.48 million in
total liabilities and $751,924 in in long-term liabilities. The
Company proposes to pay down or pay off some of its debt, improve
its capital structure and modify its debt to equity ratio. REVO
intends to negotiate with its creditors to pay down, payoff and
retire a substantial portion of the debt instruments that it issued
to its investors and creditors to fund the Company's initial
operations.
REVO's Senior Vice President Solomon Ali says, "We intend to
create greater interest and "brand awareness" for REVO in
the marketplace, improve our stock price, and building strong
fundamentals for the Company. Implementing these initiatives should
reduce our debt, lower interest expenses and strengthen the
Company's Balance Sheet. We believe these proposals could improve
our financial performance and bring even greater long-term value to
our shareholders."
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.
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.
For inquiries contact: Media Relations: Solomon Ali
704-837-5705