Revolutionary Concepts, Inc. (OTCBB:REVO) (www.revolutionaryconceptsinc.com), a development stage company focused on the design and development of the "Eye Talk Communicator" announced today that it is in the process of finalizing 5 additional patents for its EyeTalk Communicator with final approval to come sometime in the second quarter 2012.
"With consumers growing reliance on hand held devices for numerous facets of daily life, many technology companies have entered the space occupied by Revolutionary's EyeTalk Communicator. The new patents are primarily "method of use" patents which will give our company the ability to control and profit significantly from our current patents while protecting our game changing technology", says Ronald Carter, President and CEO.
"RCI expects to begin licensing the technology later this year anticipating projected revenues well into the millions of dollars per year. An advertising campaign highlighting the features of the new technology is set to begin in the second quarter and continue up to the release of the security component. Early presentations have initiated multiple requests for joint ventures and licensing agreements that could generate as much as five million dollars per agreement", states Solomon RC Ali, Sr. VP.
He goes on to say, "We accomplished a great deal in 2011 by beginning the design phase and establishing the capabilities of the product. Now Revolutionary Concepts is in a position to create revenue streams for this highly anticipated technology. I believe we can achieve as many as 7-8 licensing agreements per year granting territory or industry rights and generating as much as 35 million dollars in revenue. While there are no guarantees as to the profitability for our technology, initial interest and licensing requests leave us enthusiastic about future demand for Eye Talk."
About Revolutionary Concepts, Inc.
Revolutionary Concepts, Inc. is a development stage company focused on the design and development of the Eye Talk Communicator. It serves as an entry management system and gives users the ability to remotely and interactively monitor via two-way communication and control an IP camera while using a personal communication device. Additional uses for the device include medical applications, sporting component, and infant care technology. Revolutionary Concepts Inc. is headquartered in Charlotte, NC with consultants located throughout the United Sates. www.revolutionaryconceptsinc.com
CONTACT: Revolutionary Concepts