CHARLOTTE, N.C., Dec. 6, 2012 (GLOBE NEWSWIRE) -- 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 actively pursuing the acquisition of a company generating significant revenues and net profits with the financial strength that could assist in the development of its technology and an execution of a commercialization strategy (sales and marketing).
Solomon RC Ali, Sr. VP states, "As we pursue this relationship, Management believes the acquisition could be valued at greater than $15 million. The company being evaluated has a current EBITDA in excess of $1 million. We are confident this transaction will bring significant value to Revolutionary Concepts and, more importantly, to our shareholders who have been supportive of our efforts over the years. While no assurances can be provided that discussions will result in a formal agreement, we are committed to doing everything in our power to bring this acquisition to a successful conclusion so that we can move forward with our long term plans of delivering a product to market."
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
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.
CONTACT: Solomon Ali Revolutionary Concepts, Inc. 704.837.5705Source:Revolutionary Concepts, Inc.