SOURCE: Revenge Designs, Inc.
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March 14, 2008 09:30 ET
Revenge Designs, Inc. Enters Second Phase of Its $80M Production
DECATUR, IN--(Marketwire - March 14, 2008) - Revenge Designs, Inc. (PINKSHEETS: RVGD), a
specialty car designer and production assembler, provides a corporate
update to its shareholders on its previously announced $80M production.
The company in its first phase agreements anticipates constructing up to
1,000 high performance vehicles in the first four years. Revenge Designs,
Inc. will assemble the vehicles and sell them under a joint venture
agreement. The company is currently pre-arranging sales leads with over 100
General Motors dealerships across the United States. The base price will
start at approximately $80,000 per vehicle and there will be an optional
Spec R model in excess of 600 HP starting at $110,000.
The second phase requires the construction by Revenge Designs, Inc. of an
additional 20,000 square feet of production space, designed specifically
for the assembly of the new "All American Supercar." The company
successfully raised the necessary working capital in its recent regulation
D offering to begin construction of this new facility. The company will
also increase its current workforce to over 25employees in order to support
the additional work load.
Peter Collorafi, Revenge Designs President and CEO, stated, "The Company
has received its first shipment of vehicle parts from our supplier. These
vehicles will be built adding Revenge's style of enhancement to the
exterior and interior, complementing the already outstanding design. The
Company will provide a sneak peak of the new 'All American Supercar' in the
coming weeks to its shareholders. The unveiling ceremony for the general
public will be held in approximately 3 months. These super cars will have
full federalization and be street legal in all 50 states. Americans can now
have their very own Super Car designed and built in the United States to go
up against the likes of Ferrari and Lamborghini."
About Revenge Designs, Inc.
http://www.revengedesignsllc.com
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.