CHARLOTTE, NC -- (Marketwired) -- 02/19/14 -- Revolutionary Concepts Inc., (OTCQB: REVO), a publicly traded company that develops online mobile video software and remote security communication systems, announced that shares of its common stock rose in price more than 842%, in the past two weeks. Based on today's intraday trading, its price has traded as high as $0.0185, as compared to its previous low closing price set on Monday, February 3, 2014. On Tuesday, February 18, 2014, the Company's stock traded over 70.26 million shares
The Company's stock has traded more than 338 million shares since its announcement on Wednesday, February 12, 2014, that REVO signed a multi-year global licensing agreement with a company for them to commercialize REVO's patented "EyeTalk Communicator System." The 338 million shares traded broke the trading barriers and set an all-time new record high in trading volume for a week of trading in the Company's History. Since Monday, February 3, 2014, the Company's stock has traded over 531 million shares.
Encouraged by the news, investors have continued to buy REVO's stock at a very high rate since Monday, February 3, 2014, which drove the price to rise to a close of $0.0210 on Thursday, February 13, 2014 for a total gain of 1005%.
Solomon Ali, REVO's Senior Vice President says, "We continued to be encouraged by this ongoing interest in our Company and its plans for potential growth and expansion. This is additional positive news for our shareholders."
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.