SOURCE: Revenge Designs, Inc.

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.

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.

Contact Information