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Revolutionary Concepts Inc. in Final Stages of Potential Multi-Million Dollar Joint Development Agreement for Healthcare Applications Utilizing Its EyeTalk Communicator Technology Feb. 10, 2011 (GLOBE NEWSWIRE) -- Revolutionary Concepts, Inc. (OTCBB:REVO) (www.revolutionaryconceptsinc.com) announces it is in the final stages of negotiations for a joint development agreement utilizing the EyeTalk Medical application. "The development and testing period is scheduled to take 18-24 months from the signing of the agreement. Although there can be no guarantees, the revenue from the hospital licensing fees associated with the medical application are projected to be in the range of $500 million to $1 billion and exceed $100 million in the home healthcare industry," states Solomon RC Ali, Sr. Vice President Investor Relations and Finance. Some proprietary features of the technology can not be disclosed at this time; however, the solution that the EyeTalk Communicator provides is one that the market will readily embrace." Recently, Dr. J.A. Jones with Jones Medical Group, a consultant for Revolutionary Concepts Inc., commented on the benefits of the EyeTalk medical application and its ability to address point of service and customer service issues in hospitals and nursing facilities. Dr. Jones stated the projected devices would address inadequacies in hospital communications by equipping staff with pda's and/or pads that would allow 2-way virtual communications between doctors and nurses providing the ability to communicate and assess patient care. The EyeTalk Communicator technology would also improve customer service between the nurses and patients allowing nurses to immediately acknowledge the patient, assess the situation, and determine initial actions prior to going to the patient's room. Dr. J.A. Jones and Ronald Carter, President and CEO, offer that the applications will reduce manpower costs, provide relief to staff, and improve customer service. RCI plans to introduce the opportunity for virtual visitations providing safety and peace of mind to patients and their families. |
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