SOURCE: Vanity Event Holdings, Inc.

February 21, 2012 09:30 ET

Vanity Events Holdings, Inc. Completes Restructuring and Reverse Split

Recent Actions Pave Way for Company to Launch Growth Plans

BAY HARBOR ISLANDS, FL--(Marketwire - Feb 21, 2012) - Vanity Events Holdings, Inc. ("Vanity" or the "Company") (OTCBB: VAEV) today announced it has recently completed a series of transactions to restructure the Company's operations and capitalization, including, but not limited to, the rescission of its agreement with Shogun Energy and the consummation of a 300 for 1 reverse stock split of the Company's common stock. Lloyd Lapidus, interim CEO of Vanity said he and CFO Greg Pippo have ambitious growth plans for Vanity.

"Greg and I plan on leveraging all of our past experience and successes to build a company which we believe will greatly benefit the Company's shareholders," said Lapidus. "In the weeks ahead we will be announcing a series of updates that will outline our new business strategy."

"We appreciate the patience of our loyal shareholders during the past several months," said Greg Pippo, the CFO of Vanity. "Now that we have the proper corporate structure and plans in place, we believe we are finally in a position to implement our business plan accordingly."

About Vanity Events Holdings, Inc.

Vanity Events Holdings, Inc. is a holding company with expanding lines of business. The company's mission is to acquire and develop diverse businesses with innovative products or services while maintaining synergistic partnerships and relationships. For additional information go to www.vanityeventsholdinginc.com

Forward-Looking Statements:

This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. More information about the potential factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at www.sec.gov.

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