SOURCE: Revenge Designs, Inc.

January 29, 2008 15:15 ET

Revenge Designs, Inc. Processing Preliminary 4-Year, $80M Production Contract

DECATUR, IN--(Marketwire - January 29, 2008) - Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, announced today that the recent business trip was an extreme success and a preliminary 4-year contract valued at $80M is currently being processed. At the request of the signing party, details on the preliminary contract will be withheld from the public for a period of 6 to 8 weeks. This is to allow marketing materials to be completed and to prepare for an official unveiling ceremony for the general public. The Company will provide updates on this very exciting contract as they develop.

The contract being processed today will generate approximately $5M in quarterly revenues with forecasted margins of at least 15%. Taking into full account the conversion of any outstanding promissory notes and preferred shares on a fully diluted basis, our quarterly Pro Forma numbers support an estimated .001 earnings per share per quarter, or .004 per share on an annual basis.

Peter Collorafi, Revenge Designs President and CEO, stated, "This is just the first of three pending contracts we have previously stated that we will seek to deliver to our shareholders in 2008. While our merger was a difficult transition for Revenge Designs, these contracts should dispel any doubt as to the direction the Company is headed. I understand that news was released by one of our current shareholders that caused some panic among investors. The 240M shares will be issued under rule 144 and would be restricted for at least 6 months. I regret the loss anyone may have suffered by the news issued by Signature Leisure."

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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