Revolutionary Concepts Inc. Addresses Subsidiary Greenwood Finance Group LLC's Intent to Seek Ten Million Dollars in Investme...
June 25 2014 - 1:20PM
Marketwired
Revolutionary Concepts Inc. Addresses Subsidiary Greenwood Finance
Group LLC's Intent to Seek Ten Million Dollars in Investment
Capital
CHARLOTTE, NC--(Marketwired - Jun 25, 2014) - Revolutionary
Concepts Inc. (PINKSHEETS: REVO), a publicly traded company that
holds patented mobile video software and remote security
communication technologies commented today on its subsidiary,
Greenwood Finance Group, LLC's intent to establish a financial
relationship to fund a segment of its investment operations.
"The borrowing of up to ten million dollars will not only help
Greenwood's growth by addressing its bottom line, but will ensure
the creation of value through an accumulation of assets that can
realize normal industry gains. These assets can then be leveraged
at higher multiples for targeted acquisitions," states Solomon RC
Ali, Sr. Vice President.
Greenwood's Sr. Accounts Operations Manager Carlos Rubio states,
"The opportunity for additional funding or joint ventures is very
exciting for our group. We will now be able to address both long
and short term investment strategies while continuing to acquire
assets that are historically undervalued. As part of a previous
group, Greenwood was very successful in identifying and acquiring
both distressed and undervalued investments. Our current approach
is more of a partnership with our clients offering financing
solutions that are of mutual benefit.
The potential of new funding as well as the commitment by
current investors to begin making payments on $1,050,000.00 in
annual interest payments will take Greenwood a long way towards
positive revenue numbers and eventual profits."
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.
About Greenwood Finance Group, LLC. Greenwood Finance Group is a
private equity firm consisting of a team of individuals who
understand the work that goes into developing businesses in their
beginning stages. Greenwood Finance Group provides broad-spectrum
investment and capital services to small-cap and micro-cap
companies; strategically positioning them for long-term growth and
profitability. Greenwood delivers, through our global network of
investment partners and private equity groups, the capabilities to
quickly tailor funding solutions that meet the unique needs of each
client which can be tailored to a client's capital funding needs so
it can focus on growing the company.
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