More Penny Stock News From The Pink Sheets
Jul 30, 2008 1:24:00 PM
DECATUR, IN -- (MARKET WIRE) -- 07/30/08 -- Revenge Designs Inc (PINKSHEETS: RVGD), a specialty car designer and production assembler, provides a corporate update to its shareholders.
Peter Collorafi, Revenge Designs, Inc President and CEO, stated:
Thank you to all our shareholders for their kind wishes and thoughts during my wife's illness.
Revenge Designs Inc is pleased to announce, although the American economy is facing some tough times, here at Revenge Designs we are sustaining a consistent growth in our company.
Last week we released our new redesigned Pontiac GTO sports front bumper fascia, now enabling us to fulfill customer backorders.
We are consistently moving forward, visiting Honda new car dealerships, promoting our Sports Honda Ridgeline.
The GTM Super Car, although we have made some extensive redesigning and fine tuning throughout the vehicle our first body will be in the paint shop next week. The redesigned engineering suspension tooling is also near completion. The suspension tooling will allow Revenge Designs to improve the design and fitment also eliminating the need to purchase Corvette donor parts.
In regards to Revenge Designs share structure in July 2008, the company's Authorized Common Stock was increased to 2,500,000,000 (two billion five hundred million) shares. Our Outstanding shares remain at 1,742,845,630 and the 2007/2008 504 is presently closed.
For our new shareholders that may have not been present in RVGD in the early stages, 50% of the funds and shares provided to Revenge Designs Inc were assigned to removing share holders with Promissory notes, allowing Revenge Designs Inc to stand alone and move forward.
Revenge Designs Inc is currently negotiating with two automotive companies in two separate Southern states of America, in view of being our first Satellite Centers. This will enable Revenge Designs to broaden customer awareness of all the Revenge Designs quality products and also vehicle sales assistance.