CHARLOTTE, N.C., Sept. 23, 2014 (GLOBE NEWSWIRE) -- Revolutionary Concepts Inc., (OTCPINK:REVO), a publicly traded company that develops online mobile video software and remote security communication systems, is forecasting $60 to $80 million in total estimated annual revenues from the residual and ongoing licensing fees and royalties that are projected to be generated from its new global license agreement.
REVO signed a multi-year global licensing contract with a company to commercialize its patented online wireless mobile security alarm services and Smart Toy video technology systems. The Company is planning for major growth and expansion in the rapidly growing multi-billion dollar cloud-based online mobile security alarm services and video gaming industries.
Of the $60 to $80 million in total estimated annual fees projected to be generated from the marketing and exploitation of the patents, the Global Licensee would receive 60% and REVO would receive an estimated 40% of the total, or $24 to $32 million annually. REVO and its Licensee have identified about 80 companies ranging from mid-sized to large alarm services companies, video game and smart phone companies and major internet search engines that may currently be using, or could use its patented technologies. REVO estimates that it could receive an average of up to $1 million or more in royalties and licensing fees from these companies.
REVO's Senior Vice President, Solomon Ali says, "We are very excited about the continued progress we are making with our Licensee and the potential sales of our systems. Our technology is being further developed to deliver it on a cloud-based platform. The forecasted annual royalties to be generated is in the $60 to $80 million range. The potential earnings for REVO is estimated at $24 to $32 million annually. Although we cannot guarantee an actual valuation, according to industry valuation standards using average P/E ratios from Standard & Poor's, at a multiple of 15 times earnings, a valuation of $360 to $480 million dollars is an estimate of the potential additional market value of the earnings to REVO."
About Revolutionary Concepts Inc.
REVO's primary business is the design and development of the "EyeTalk" Communicator technology, a mobile video, remote smart camera security technology. The system is designed to provide nationwide protection and monitoring of homes and businesses against multiple threats including robbery, fire, theft, burglary and other intrusions through mobile phones, wireless video and remote smart camera security technology. REVO holds patented and patent pending applications that utilize the technology in medical/healthcare, sporting events, child monitoring and several other key areas. For more information visit www.revolutionaryconceptsinc.com.
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Revolutionary Concepts Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.