Cartel Blue Inc (CRTL)

[eye_ater]

Come on Gonz. That post was on Feb 24th and this is from the Feb.6 PR. Point being is that the company was VERY up front aboutthe ending share structure.


Revenge Designs, Inc. to Begin Conversions of the Honda Ridgeline
Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, announced today that it will begin receiving Honda Ridgelines on February 12th, 2008 for conversions. Pictures of the new Honda Ridgelines will be available shortly thereafter.

Peter Collorafi, Revenge Designs President and CEO, stated, "This is a major development for us and will allow us to begin generating steady revenues. Combined with our recently announced $80M contract, the Company is now in a very strong position and enjoying great growth."

The Company recently approved the conversion of one of its promissory notes. The total number of shares to be outstanding after conversion of all promissory notes and preferred will be approximately 977M shares. Currently there are 578,281,035 shares outstanding and 45,794,064 shares restricted. The Company also issued additional voting preferred to Mr. Collorafi to maintain majority control of the Company. To accommodate the increase the Company recently raised its authorized shares to 1.5B.

Peter Collorafi, Revenge Designs President and CEO, further stated, "The conversions of the promissory notes will be the last step in moving forward after our merger. Our earnings predication from our last press release included the conversion of all the outstanding notes and preferred. With the addition of the Honda Ridgeline to our product line we anticipate to beat our previous earnings estimates. It has been a bumpy ride but soon we will be on the highway screaming to the finish line."

About Revenge Designs, Inc.

http://www.revengedesignsllc.com

Revenge Designs, a specialty car designer and production assembler, is headquartered in a facility in N.E. 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.

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

Contact:
Chad Sykes
Investor Relations
281-888-5885
Email Contact





Source: Marketwire (February 6, 2008 - 3:00 PM EST)

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