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DECATUR, IN -- Revenge Designs Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, would like to take this opportunity to update everyone on the response to the GTM-R Super Car in Detroit and Chicago as well as information on the stock.
Peter Collorafi, Revenge Designs Inc. President and CEO, stated:
Ever since we returned from the Detroit Show the ball has been continually rolling here at Revenge. The official numbers came in for attendance at Detroit and hit a staggering 650,000. With such impressive attendance came some similarly impressive opportunities for Revenge. The Ukrainian and Middle Eastern exotic automotive markets are now very anxious to get a little Revenge. We are now looking to export Revenge vehicles to a distributorship in the area as of the middle of 2009.
With all of the American and International media exposure, TV and print coverage at Detroit, we didn't think that things could get better for Revenge. However, the response and coverage at the Chicago Auto Show was just as amazing and has given Revenge the opportunity to further broaden our audience. Attendance is estimated at 1.5 million people in Chicago. We had great responses from exotic vehicle owners. One of our favorite emails from an exotic collector reads, "We now have an affordable super car with low maintenance costs and a host of luxury features."
Revenge is also being approached by exotic dealerships throughout the United States who think it's "great timing to have an exotic super car we can offer as an introduction into the market." And our personal favorite from a business executive client, "Finally a true super car. American-made, affordable servicing, 0-60 in 3.2 seconds and a bonus high mileage to the gallon."
Overall both of the shows have been a huge success for Revenge Designs Inc. Displaying to an overall audience of 2.2 million plus television and print exposure worldwide the new American Super Car at an affordable price for the sports car enthusiast has been very well received. Updates on export and American sales inquiries will be released as they become available. However, the privacy requested by our clients will remain of the utmost importance.
We'd like to express a very special thank you to General Motors Performance Parts division for their assistance in the completion and display of Revenge Designs GTM-R Super Car. And I personally would like to thank everyone for the avalanche of professional resumes we have continually received since displaying in Detroit. Revenge is looking to expand and hire professionals with a background in metal fabrication, electrical and mechanical engineers.
I would like to inform all investors, although my initial inquiry and filing for a reverse split may have been, in some cases, the correct and usual direction for the company I have come to a more beneficial conclusion. After reviewing all angles of how the reverse split would affect the company and especially our shareholders I have filed with NASDAQ and CUSIP a withdrawal of our reverse split application as of February 25, 2009. It is still going to take some time for the automotive industry to regain its strength. Now that Revenge Designs Inc. is stamping its mark on the industry by continually producing quality products and now with expanding our market overseas it is imperative for Revenge Designs Inc. and its shareholders to remain as a team. Rebuilding our share prices is a joint effort that requires remembering that we are all working for the same goal.
I wish to thank, on the behalf of my wife Bonnie and Emily, the shareholders who visited us at the Detroit and Chicago Auto Shows. Also, thank you for the emails of encouragement which have helped to fuel our passion over the past six weeks.
Revenge Designs Inc., a specialty car designer and production assembler, is headquartered in a facility in North Eastern Indiana. Mr. Peter Collorafi, President and CEO of Revenge Designs Inc., is a car designer from Queensland, Australia. Mr. Collorafi has been designing and installing custom modifications for factory produced vehicles since 1980. The Revenge GTM-R Super Car is the company's first production vehicle. Their other products include the Revenge Solstice, Revenge Ridgeline, and the award winning Revenge GTO. For more information on the company please visit www.revengedesignsinc.com.
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