Revolutionary Concepts Inc. Advances Negotiations With Developer in Three Billion Dollar Toy Market With Focus on Smart Toy &...
March 26 2014 - 2:15PM
Marketwired
Revolutionary Concepts Inc. Advances Negotiations With Developer in
Three Billion Dollar Toy Market With Focus on Smart Toy and Cloud
Based Interaction
CHARLOTTE, NC--(Marketwired - Mar 26, 2014) - Revolutionary
Concepts Inc. (OTCQB: REVO), a publicly traded company that
develops mobile video software and remote security communication
systems, has begun advanced contract negotiations to further the
process of bringing its Smart Toy technology to market via patent
sale and/or licensing agreements.
According to Kids and Apps: A New Era of Play, a 2013 report
from global information company, The NPD Group, 79 percent of
parents with children ages 2 - 14 report that they or their
children own some type of mobile device, such as a traditional cell
phone, smartphone, or tablet; up from 63 percent last year.
Advances in the wireless technologies and device speeds allow
for more affordable and engaging toy and education products. Future
connectivity to local or cloud based networks will allow children
to receive information and interact in a way that seemed impossible
a decade ago.
Ron Carter, President & CEO, states, "Manufacturers such as
Mattel and Fisher Price have already begun to offer toy products
with smart devices. Mattel's 'Apptivity Toys' rely on the same
smartphone and tablet devices that could facilitate REVO's patented
technology allowing for advanced interaction with the child. Our
advanced technology goes on to integrate the technology into an
actual toy product offering customized communication options using
Wi-Fi and Bluetooth partnered with cloud based applications in a
manner that could foster a two way interaction with a child's
favorite television or movie character."
"We owe it to our investors to make sure that we are focused in
exploiting all of the additional patents inclusive of the
children's products, security, and medical applications. As with
our most recent security patent negotiations where we successfully
gained upfront licensing fees and royalties, our negotiations with
potential partners illustrate our commitment to executing the best
agreements for REVO and its shareholders. We expect to complete
these negotiations soon and look forward to announcing our efforts
to the public," states Solomon RC Ali, Vice President.
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