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, announced that its global licensee Eyetalk365, LLC, filed complaints in the United States District Court for the Western District of North Carolina, Charlotte Division, against four separate companies, alleging patent infringement against Revolutionary's intellectual property. Eyetalk365, LLC is the global licensee for Revolutionary's patents and has filed the complaints. Notification of the filing of the complaints was filed with the SEC on a Form 8-K Report on September 22, 2014.
The complaints were filed separately against AlarmForce NC, Inc., and AlarmForce LP, CPI Security Systems, Inc., LiveWatch Security, LLC and Protect America, Inc., as Defendants. Due to the Defendant(s) alleged infringing activities, Eyetalk365 LLC is seeking an award of monetary damages for compensation of alleged infringement of the Patents as identified in the complaints, any continuing or future infringement, including interest, costs, expenses and an accounting of all infringing acts. They are also seeking injunctive relief ordering the Defendant(s) to pay ongoing and future royalties.
On February 12, 2014, Revolutionary announced it signed a global licensing agreement with a firm to commercialize Revolutionary's patented wireless security alarm services system. Per the agreement, the global licensee, Eyetalk365 LLC, would bear all costs and prosecute and defend the patents in any infringement actions. The Law Offices of Farney Daniels PC, of Georgetown, Texas was contracted to represent Eyetalk365 LLC, and Wishart Norris, Attorneys At Law, in Charlotte, North Carolina filed the complaints.
Revolutionary's Senior Vice President, Solomon Ali says, "We have a legal right and a fiduciary responsibility to fully protect our patents and intellectual property. Complaints filed against these four companies demonstrate the Company's and Licensee's intent to protect our ability to monetize the patents through licensing fees and royalties. We feel continued infringement by the listed parties could potentially cost us and our shareholders losses in the tens of millions of dollars in revenues and profits. It is EyeTalk 365's intent to recover the royalties and licensing fees that are due to our Companies and 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.