Tuesday, March 25, 2008 12:42:47 AM
Revenge Designs, Inc. Enters Second Phase of Its $80M Production
DECATUR, IN--(Marketwire - March 14, 2008) - Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, provides a corporate update to its shareholders on its previously announced $80M production.
The company in its first phase agreements anticipates constructing up to 1,000 high performance vehicles in the first four years. Revenge Designs, Inc. will assemble the vehicles and sell them under a joint venture agreement. The company is currently pre-arranging sales leads with over 100 General Motors dealerships across the United States. The base price will start at approximately $80,000 per vehicle and there will be an optional Spec R model in excess of 600 HP starting at $110,000.
The second phase requires the construction by Revenge Designs, Inc. of an additional 20,000 square feet of production space, designed specifically for the assembly of the new "All American Supercar." The company successfully raised the necessary working capital in its recent regulation D offering to begin construction of this new facility. The company will also increase its current workforce to over 25employees in order to support the additional work load.
Peter Collorafi, Revenge Designs President and CEO, stated, "The Company has received its first shipment of vehicle parts from our supplier. These vehicles will be built adding Revenge's style of enhancement to the exterior and interior, complementing the already outstanding design. The Company will provide a sneak peak of the new 'All American Supercar' in the coming weeks to its shareholders. The unveiling ceremony for the general public will be held in approximately 3 months. These super cars will have full federalization and be street legal in all 50 states. Americans can now have their very own Super Car designed and built in the United States to go up against the likes of Ferrari and Lamborghini."
About Revenge Designs, Inc.
http://www.revengedesignsllc.com
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM