MATTHEWS, N.C., Feb. 10, 2011 (GLOBE NEWSWIRE) -- Revolutionary Concepts, Inc. (OTCBB:REVO) ( www.revolutionaryconceptsinc.com ) announces it is in the final stages of negotiations for a joint development agreement utilizing the EyeTalk Medical application.
"The development and testing period is scheduled to take 18-24 months from the signing of the agreement. Although there can be no guarantees, the revenue from the hospital licensing fees associated with the medical application are projected to be in the range of $500 million to $1 billion and exceed $100 million in the home healthcare industry," states Solomon RC Ali, Sr. Vice President Investor Relations and Finance. Some proprietary features of the technology can not be disclosed at this time; however, the solution that the EyeTalk Communicator provides is one that the market will readily embrace."
Recently, Dr. J.A. Jones with Jones Medical Group, a consultant for Revolutionary Concepts Inc., commented on the benefits of the EyeTalk medical application and its ability to address point of service and customer service issues in hospitals and nursing facilities. Dr. Jones stated the projected devices would address inadequacies in hospital communications by equipping staff with pda's and/or pads that would allow 2-way virtual communications between doctors and nurses providing the ability to communicate and assess patient care. The EyeTalk Communicator technology would also improve customer service between the nurses and patients allowing nurses to immediately acknowledge the patient, assess the situation, and determine initial actions prior to going to the patient's room.
Dr. J.A. Jones and Ronald Carter, President and CEO, offer that the applications will reduce manpower costs, provide relief to staff, and improve customer service. RCI plans to introduce the opportunity for virtual visitations providing safety and peace of mind to patients and their families.
About Revolutionary Concepts, Inc.
Revolutionary Concepts, Inc. is a development stage company focused on the design and development of the EyeTalk 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.
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.
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