CHARLOTTE, N.C., Sept. 3, 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) announced today that financial improvement is expected in the quarter ended September 30, 2013 inclusive of the following highlights:
- Revenue Expected to be in excess of $350,000 third quarter.
- Total Assets expected to grow by over 100%
- Shareholders Equity expected to improve by over $250,000
Revolutionary Concepts Inc. (Revolutionary), through its wholly owned subsidiary – Greenwood Finance Group (Greenwood), expects to report revenues in excess of $350,000 for the third quarter of 2013. The reported revenues will represent the first quarter of revenue in the company's history and are expected in several areas of Greenwood's business, including purchase and sale of assets in unrelated third party transactions and interest payments from notes receivable.
"Shortly after the acquisition by Revolutionary, Greenwood took measures to overhaul its business strategy. The relaunch campaign in June has proved highly successful and if Greenwood continues to manage costs per investment, Revolutionary Concepts will be profitable for the first time in its history", states Solomon RC Ali, Sr. Vice President Revolutionary Concepts. In addition each component of the new marketing effort has been successfully addressed and reflects the commitment of our entire team to build a profitable company. With the increase in account managers and focus on continued implementation of the business plan, we look forward to closing out the next two quarters on a positive note and setting the tone for a continued business relationship worth potentially millions of dollars for Revolutionary Concepts.
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 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 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
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.