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 broke all previous trading records and soared more than 182%. A record 120,588,619 shares of its stock traded on Wednesday, February 12, 2014, after REVO reported that it signed a multi-year global licensing agreement with a company for them to commercialize REVO’s patented "EyeTalk Communicator System."

The Company forecasts $20 to $30 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 from the marketing and exploitation of the patents. Of the $20 to $30 million in estimated annual revenues projected to be generated from the marketing and exploitation of the patents, REVO could receive an estimated 40% of the total, or $8 to $12 million annually.

Investors quickly snapped up the stock at an average rate of over 18.55 million shares per hour during the trading day and rapidly bid up REVO’s shares to $0.0141 at the close of the trading day for a gain of 182.00% over Tuesday’s closing price of $0.005. A total of 120,588,619 shares were traded on Wednesday, which was 7.85 times the average daily trading volume of 15,367,195 of REVO’s shares. […]

Source www.marketwatch.com