Revolutionary Concepts Inc., (OTCMKTS:REVO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 12, 2016, the majority shareholders of the Company chose to remove Ron Carter as a member of the Board of Directors.  There were no disagreements between Ron Carter and the Company.  

Effective December 12, 2016, the board of directors of the Company chose not to renew an employment agreement with Ron Carter to serve as the Company’s chief executive officer.  Therefore, effective December 12, 2016, Mr. Carter is no longer an officer or director of the Company.

Effective December 12, 2016, the board of directors of the Company appointed Solomon Ali to serve as interim Chief Executive Officer of the Company.   There are no arrangements for compensation to be paid to Solomon Ali for his service as interim Chief Executive Officer at this time.  

Mr. Ali has nearly 30 years of professional experience in business, insurance, investments, and corporate strategy. His expertise includes qualifications in corporate finance, leadership management training, and estate planning. During his California-based tenure as an executive in the healthcare and private equity industries, Mr. Ali facilitated the development of several companies acting CEO and Chairman of the Board. Also, Mr. Ali has served as Senior Vice President and a member of the board of directors for both Universal Bioenergy, Inc., and Revolutionary Concepts, Inc.

Item 8.01 Other Events

The Company has changed its executive office address to 5237 Albemarle Rd, Suite 215, Charlotte, NC 28212.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

None.

 
About Revolutionary Concepts Inc., (OTCMKTS:REVO)

Revolutionary Concepts, Inc. is a development-stage company. The Company is engaged in the development of entry management systems and hopes to continue to develop smart camera technologies that interface with smart devices enabling remote monitoring. The Company is focused on the development-stage to support technologies for the EyeTalk system that have emerged. The Company specializes in Mediation Music, Missionary Mall, Revolutionary, Colonial Wars and an array of other services. The Company offers its services to individuals, organizations and businesses. The Company’s efforts to have been devoted to securing the intellectual framework around technologies and applications related to remote video monitoring, video analytics and software-enabled camera. The Company’s subsidiary is Greenwood Finance Group, LLC.

Revolutionary Concepts Inc., (OTCMKTS:REVO) Recent Trading Information

Revolutionary Concepts Inc., (OTCMKTS:REVO) closed its last trading session down -0.00080 at 0.00020 with 1,525,000 shares trading hands.