SOURCE: Revenge Designs, Inc.

March 03, 2008 10:20 ET

Revenge Designs, Inc. Announces Completion of Financing

DECATUR, IN--(Marketwire - March 3, 2008) - Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, announced today that it has closed its second round of financing. The company was able to raise the full amount of its Regulation D 504 offering in its second round.

The funds raised will be used to pay for the construction of an additional 20,000 square feet of production space and to install a state-of-the-art paint booth and oven system. The company will use the remaining funds to purchase additional equipment, tooling and to stock its inventory with parts needed to fulfill demand for future Honda Ridgeline orders as well as its large upcoming production contract.

Peter Collorafi, Revenge Designs President and CEO, stated, "We want to thank all of our shareholders who have supported us during our fund raising activities. The additional funds have allowed us the ability to build additional assets without the need for further long term debt. By using equity instead of debt the company can now utilize all of its cash flow to grow organically as opposed to paying off debts. The construction of the new addition will begin in the spring of 2008 once all permits have been approved. The new facility will allow us to keep up with the growing demand for our services and to support additional future contracts. Once completed, the new facility will be worth more than the actual cost to build thus building shareholder value through increased booked assets."

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.

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.

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