updated 2/4/2011 7:16:18 AM ET 2011-02-04T12:16:18

MATTHEWS, N.C., Feb. 4, 2011 (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 has signed an agreement for the sale of 1,000 of its Eye Talk Communicator Camera Systems to JMI Telecommunications (Pink Sheets:JMIM) of Charlotte, NC.

The sale of the camera systems is set to take place no later than October 30, 2011 and projected sales are between $800,000 and $1,200,000. Initial estimated profits would range from $550,000 to $950,000 depending on the financing options.

"As we all know, the first order is always the most difficult for a development stage company and we are extremely pleased with the projected sales revenues. A successful rollout could lead to a significant international expansion and potential inclusion in the JMI Telecommunications offering mix," says Ronald Carter, President and CEO Revolutionary Concepts Inc.

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 child monitoring technology. Revolutionary Concepts, Inc. is headquartered in Matthews, NC with consultants located throughout the United Sates.

Revolutionary Concepts Inc. has two members of its Board of Directors who also serve on the Board of Directors of JMI Telecommunications. 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: Nicole Singletary
         Revolutionary Concepts, Inc.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com