SOURCE: Revenge Designs Inc.

Revenge Designs Inc.

August 14, 2009 16:18 ET

Revenge Designs Inc. Update to Shareholders on Available Financial Assistance and Company Structure

DECATUR, IN--(Marketwire - August 14, 2009) - Peter Collorafi, Revenge Designs Inc. (PINKSHEETS: RVGD) President and CEO, stated:

"I am pleased to announce a proposed Memorandum of Understanding between the Henry County Ohio Revolving loan guarantee fund Committee and Revenge Designs Inc. The Revolving loan available is $300,000.00 for a term of five years and conditional upon Revenge Designs securing $450,000.00 from a private source or Banking institution. These funds would assist Revenge Designs to move forward in the development of the Revenge Verde Super Car concept vehicle. Revenge Designs is close to announcing the joint venture with a leading Auto Manufacturer in the view of supplying a proven crash tested rear engine chassis platform design for the Verde.

"Our continual goal is to release the Verde Super Car with the HP2G revolutionary engine at the December 2009 LA International Auto show. However, to meet that commitment, continual funding is required. Our site for the Detroit North American International 2010 Auto show is already confirmed.

"Henry County commissioner Mr. Rich Myers is also very instrumental in the negotiations with Wal-Mart's management group on behalf of Revenge Designs Inc. with assistance to secure the previously occupied/owned 68,000 sqft Wal-Mart facility. If negotiations proceed to fruition, the said facility would be the first of the Revenge Designs Certified Installation centers where this site would also house development and training for said centers along with a management and marketing department with an estimated 38 staff member at this facility.

"Permanent location sites with purpose-built premises in Ohio and Indiana are under consideration.

"Revenge Designs Inc. current share structure remains at the Authorized 2.5 billion and 2.2 billion Outstanding. I wish to thank the shareholders for there continual support."

Revenge Designs Inc., a specialty car designer and production assembler, is headquartered in a facility in North Eastern 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. Their products include the Revenge Solstice, Revenge Ridgeline and the award winning Revenge GTO. For more information on the company please visit


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    Revenge Designs Inc.
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    PH 260 724 4000
    FAX 260 724 4019