Revolutionary Concepts, Inc. Board Approves Sale of Patent Portfolio in Multi-Billion Dollar Industry
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Revolutionary Concepts Inc. (QB) (USOTC:REVO)
Today : Wednesday 25 September 2013
Revolutionary Concepts, Inc. (OTCBB:REVO), a company focused on the design and development of intellectual property (IP) rights, and trade names such as Eye Talk Communicator (www.revolutionaryconceptsinc.com) receives Board of Directors approval for shareholder's vote to finalize the sale and/or license of patents.
The Board of Directors, in a unanimous vote, approved a resolution to proceed with a shareholder's vote to complete the necessary documentation and filings pertaining to agreements involving the sale of patents as discussed in recent releases. The management team will now prepare a Schedule 14A and file with the SEC and, after review by the SEC, will prepare to notify shareholders of the decision and voting rights.
Senior Vice President Solomon RC Ali comments, "We are very pleased with the unanimous support management has received from the Board of Directors. This action puts the Company one step closer to realizing a return for our shareholders. I strongly believe this technology will transform the way we all think of security. The unique design of the patents provides a feature to consumers currently unavailable. Once the Company completes the transaction involving the sale or license of this portion of our patent portfolio, we should see a significant and immediate impact on shareholder's equity and remain in a position to benefit from future patent agreements."
AI
