How in the world is that news enough for people to sell at these levels??
Revenge Designs Announces Negotiations for First Satellite Assembly Location
Revenge Designs Inc. (Pink Sheets:RVGD), a specialty car designer and manufacturer recently announced that the company has entered negotiations to open its first satellite assembly location in the Southeast United States.
Peter Collorafi, Revenge Designs President and CEO, stated, “I am very pleased with today’s announcement and I am optimistic that we can rapidly finalize our negotiations to open our first satellite location in the Southeast United States during January 2008.”
Collorafi added, “This location’s first production modification will be the body conversion and modification of the Honda Ridgeline to accommodate anticipated demand from Southeastern Honda Dealerships and retail customers alike. We foresee this to be the first of several body conversion and performance vehicle modifications that future satellite locations can assist with in order to keep up with projected demand.”
“As part of the overall negotiation package, Revenge Designs and the potential future satellite operator have agreed for the operator to upgrade and modify the satellite location in order to properly deliver upon the exacting expectations to detail that are the hallmark of Revenge’s reputation. The upgrades to the satellite location will be at the operator's expense to finalize the proposed agreement,” stated Collorafi.
“We believe that the first satellite location will be fully operational in January 2008. This should enable Revenge to open the door for continued expansion throughout the United States later in the coming year. We are most mindful of maintaining the quality and artistry that have been the hallmark of our brand. Therefore, we have conducted an exhaustive research process in order to select the correct partners that possess the right combination of both resources and human talent in order to deliver Revenge’s flagship products and technology consistently. Revenge’s growth, and more specifically, this expansion step, is taking place to deliver Revenge Designs’ unique brand of products and services in the most efficient and cost effective manner. This will translate into keeping our conversion pricing at the fairest comparable price, reduce shipping and transportation costs, in addition to providing optimal return to our shareholders,” said Revenge Designs, Inc. CEO Peter Collorafi.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company’s ability to consummate and complete an acquisition, the Company’s access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
BIG BILLIONDOLLAR BILL 777
