CHARLOTTE, N.C., Sept. 25, 2013 (GLOBE NEWSWIRE) -- Revolutionary Concepts, Inc. (OTCBB:REVO), a company focused on the design and development of intellectual property (IP) rights, and trade names such as Eye Talk Communicator (www.revolutionaryconceptsinc.com) receives Board of Directors approval for shareholder's vote to finalize the sale and/or license of patents.
The Board of Directors, in a unanimous vote, approved a resolution to proceed with a shareholder's vote to complete the necessary documentation and filings pertaining to agreements involving the sale of patents as discussed in recent releases. The management team will now prepare a Schedule 14A and file with the SEC and, after review by the SEC, will prepare to notify shareholders of the decision and voting rights.
Senior Vice President Solomon RC Ali comments, "We are very pleased with the unanimous support management has received from the Board of Directors. This action puts the Company one step closer to realizing a return for our shareholders. I strongly believe this technology will transform the way we all think of security. The unique design of the patents provides a feature to consumers currently unavailable. Once the Company completes the transaction involving the sale or license of this portion of our patent portfolio, we should see a significant and immediate impact on shareholder's equity and remain in a position to benefit from future patent agreements."
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 are medical applications, and infant care technology. Revolutionary Concepts Inc. is headquartered in Charlotte, NC with consultants located throughout the United States. 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.