CHARLOTTE, N.C., Nov. 12, 2013 (GLOBE NEWSWIRE) -- Revolutionary Concepts, Inc., a company focused on the design and development of intellectual property (IP) rights, and trade names such as Eye Talk Communicator (OTCBB:REVO) (www.revolutionaryconceptsinc.com) confirmed today that negotiations involving a recent Letter Of Intent are still underway and progressing positively.
"While we await the details of a shareholder vote and definitive agreement, we are buoyed by a recent US Patent Office decision to deny a claim made by a security company in our space. In addition, there has been interest in a remaining patent by a toy manufacturer. The sensory and interactive capabilities of our technology bring our patents to the forefront and recent interest brings additional attention to the children's toy and medical application patents," states Ron Carter, President and CEO.
Senior Vice President Solomon RC Ali states, "The exposure Revolutionary has received from hiring a partner to market the security patents to both hardware and software companies has provided a much needed platform for us and the potential of an upside to investors who have been with this venture for years. The security patents are now attractive to corporations who will have the wherewithal to dispute claims of those infringing on the patents, offer distance to Revolutionary from any litigation or infringement counterclaims and, provide the much needed capital for Revolutionary to continue developing the remaining patents."
About Revolutionary Concepts, Inc.
Revolutionary Concepts, Inc. is a development stage company focused on the design and development of intellectual property (IP) rights, and trade names such as Eye Talk Communicator. We currently have 7 patents registered with the USPTO, with others pending. Our first 7 patents that have been awarded are related to an entry management system and give 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 our IP include medical applications, and infant care technology. Revolutionary Concepts Inc. is headquartered in Charlotte, NC with consultants located throughout the United Sates. 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.