SOURCE: Revenge Designs, Inc.

January 16, 2008 11:46 ET

Revenge Designs Announces Closing of Regulation D 504 Offering

DECATUR, IN--(Marketwire - January 16, 2008) - Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, announced today that it has closed its first round of financing using its Regulation D 504 offering. The proceeds were used for start-up costs, subcontracting, equipment purchase and its previously announced 10,000 square foot state-of-the-art facility. Included in the property purchase was a 3-acre block of land that will be used for future expansion. The building, equipment, accounts receivable and land have been added to the Company's balance sheet as an asset.

The Company is aware of its recent appearance on the Regulation SHO Threshold Security list. The Company will conduct an investigation into any potential collusion involving the Company's common stock. The Company will also be replacing its Investor Relations representative Mr. Brian Kistler. After discussion late last week with Mr. Kistler, Peter Collorafi, Revenge Designs President and CEO, stated, "Both myself and Brian agree that due to the growing inquiry and commitment Brian has agreed to step aside as the Company's Investor Relations representative. His replacement will be announced shortly. I extend my thanks to Brian for his assistance."

The current outstanding and restricted shares of the Company are 363,984,934 and 45,794,064, respectively. The current trading float is 318,190,870. The Company will be making further announcements in the near future regarding its operations and development as it works to become fully transparent to its shareholders.

About Revenge Designs, Inc.

Revenge Designs, a specialty car designer and production assembler, is headquartered in a facility in N.E. Indiana. Mr. Peter Collorafi is a car designer from Queensland, Australia. Mr. Collorafi has been designing and installing custom modifications for factory produced vehicles since 1980. For more information about Revenge, please visit the company's website located at http://www.revengedesignsllc.com

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

Contact Information

  • Revenge Designs, Inc.
    Peter Collorafi
    President, CEO
    Email Contact