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Revolutionary Concepts Inc. Executes Letter of Intent to Acquire Security Solutions and ManagementCHARLOTTE, N.C., Dec 7, 2011 (GlobeNewswire via COMTEX) -- Revolutionary Concepts, Inc. (REVO:OTCQB) today announced that it has signed a letter of intent to enter into an acquisition agreement with Security Solutions and Management (SSM) of Charlotte, NC. Ronald Carter, President & CEO RCI states, "The acquisition presents a teaming opportunity for RCI. The management of SSM is a direct Federal contractor, and has numerous municipal and Fortune 500 customers. They also bring prior experience in founding and managing successful high tech start up companies." "This strategic acquisition allows RCI the ability to leverage SSM's sales and marketing expertise and established distribution channels in core market segments for our EyeTalk product. We now have the ability to effect critical corporate goals as we move forward with the development of the EyeTalk technology," says Solomon RC Ali, Sr. Vice President. "RCI will now benefit from having a revenue producing company with access to installation and distribution channels. The acquisition also creates a foothold in the security industry prior to the launch of Eyetalk. Importantly, the venture accelerates the business model in revenue and profitability and immediately makes RCI more valuable creating value for our shareholders as well." Visit Raincoindustries.com for more information on REVO 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 Charlotte, NC with consultants located throughout the United Sates. www.revolutionaryconceptsinc.com This news release was distributed by GlobeNewswire, www.globenewswire.com SOURCE: Revolutionary Concepts, Inc. CONTACT: Solomon Ali Revolutionary Concepts, Inc. 704.837.5705 |