updated 12/7/2010 7:16:32 AM ET 2010-12-07T12:16:32

MATTHEWS, N.C., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Revolutionary Concepts, Inc. (OTCBB:REVO) ( www.revolutionaryconceptsinc.com ) a development stage company holding seven patents focused on the design and development of the "Eye Talk Communicator", a network camera video device with current applications in the medical, entry management, surveillance, and child care arenas, announced today that it is in the final stages of negotiations for three Letters of Intent involving partners in the medical, security, and infant care products industries.

Revolutionary Concepts' President and CEO, Ronald Carter states, "After five years of a focused and committed effort to bring state of the art technology and applications to the medical and security industries, we are extremely thrilled at the prospect of negotiations for not one but three potential Letters of Intent. Eye Talk's ability to take the public from a security focus to an entry management focus was key to our development. With recent advances in technology, we now have a market that can support our patents in a multitude of applications."

"Our team is extremely pleased with Revolutionary Concepts and the exciting possibility to bring a product to market by third quarter 2011," says Solomon Ali, VP of Investor Relations. "The potential of the Letters of Intent not only elevates Revolutionary Concepts, Inc. along with its monitoring devices but, creates a great deal of value for our shareholders."

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 Matthews, NC with consultants located throughout the United Sates.

This press release may contain "forward-looking statements." Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements.  These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan.  Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot predict the effect that market conditions, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and factors described in our filings with the Securities and Exchange Commission may have on our results.  The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.

CONTACT:  Rainco Industries
          Corporate Communications
          Nicole Singletary
          704.726.4825
          nsingletary@raincoindustries.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 1.97%
$30K home equity loan FICO 5.80%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.70%
13.70%
Cash Back Cards 17.66%
17.91%
Rewards Cards 17.05%
17.17%
Source: Bankrate.com