Revolutionary Concepts Inc. Addresses Subsidiary Greenwood Finance Group LLC's Intent to Seek Ten Million Dollars in Investme...
Date : 06/25/2014 @ 1:20PM
Source : Marketwired
Stock : Revolutionary Concepts Inc. (PC) (REVO)
Click Here for more Revolutionary Concepts Inc. (PC) Charts.
Revolutionary Concepts Inc. Addresses Subsidiary Greenwood Finance Group LLC's Intent to Seek Ten Million Dollars in Investment Capital
CHARLOTTE, NC--(Marketwired - Jun 25, 2014) - Revolutionary Concepts Inc. (PINKSHEETS: REVO), a publicly traded company that holds patented mobile video software and remote security communication technologies commented today on its subsidiary, Greenwood Finance Group, LLC's intent to establish a financial relationship to fund a segment of its investment operations.
"The borrowing of up to ten million dollars will not only help Greenwood's growth by addressing its bottom line, but will ensure the creation of value through an accumulation of assets that can realize normal industry gains. These assets can then be leveraged at higher multiples for targeted acquisitions," states Solomon RC Ali, Sr. Vice President.
Greenwood's Sr. Accounts Operations Manager Carlos Rubio states, "The opportunity for additional funding or joint ventures is very exciting for our group. We will now be able to address both long and short term investment strategies while continuing to acquire assets that are historically undervalued. As part of a previous group, Greenwood was very successful in identifying and acquiring both distressed and undervalued investments. Our current approach is more of a partnership with our clients offering financing solutions that are of mutual benefit.
The potential of new funding as well as the commitment by current investors to begin making payments on $1,050,000.00 in annual interest payments will take Greenwood a long way towards positive revenue numbers and eventual profits."
