SOURCE: Revenge Designs, Inc.

February 29, 2008 15:00 ET

Revenge Designs, Inc. Reaches an Agreement With Signature Leisure, Inc.

DECATUR, IN--(Marketwire - February 29, 2008) - Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, announced today the results of discussions with Signature Leisure, Inc., regarding outstanding promissory notes and the ownership interest Signature Leisure holds in Revenge Designs, Inc.

Both parties have agreed to the following terms:

The 2.4 million preferred shares, which represent the ownership interest of Signature Leisure in Revenge Designs, will be issued as a dividend to Signature Leisure, Inc. shareholders. The preferred stock dividend will be restricted for a period of 1 year starting on March 1st 2008 and ending March 1st 2009.

Revenge Designs, Inc. is pleased to announce that it has successfully satisfied in full the remaining promissory note held by Signature Leisure, Inc., in the amount of $107,000.

Upon the execution of the above, Signature Leisure, Inc. will no longer have an ownership interest in Revenge Designs, Inc.

The current issued and outstanding shares of the company are currently 865,564,603 shares with 14,794,064 shares restricted. The company will be making further announcements regarding its financing activities, expansion plans and updates on current operations shortly.

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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