Cartel Blue Inc (CRTL)

[Cahalane99]

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