Revenge Designs, Inc. Completes Renovations and Resumes Production
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DECATUR, IN, Jan 22 (MARKET WIRE) --
Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and
production assembler, announced today that it has completed all major
renovation work at its new 10,000 square foot production facility in Decatur,
Indiana.
During the move and subsequent renovation the Company put a temporary hold
on
production. The completion of all major renovation will now allow the Company
to resume operations and begin accepting new vehicles. Currently the Company has
several Pontiac GTOs nearing completion for various clients. These vehicles have
brought approximately $180,000 in revenue to the Company. The new facility
has enabled the Company to increase production efficiency and reduced overhead
costs significantly. The reduction in overall cubic feet and streamlined
production lines will allow the Company to save significant amounts on utility
costs over the previous location.
Peter Collorafi, Revenge Designs President and CEO, stated, "We are very
proud
of our new building. Everyone has put tremendous work and effort into getting
everything accomplished as quickly as possible. There are a few minor
cosmetic items left to complete but we can now resume full operations. The
best thing about all of this is that we own the building so no money is
being thrown away in leasing agreements."
Due to the recent construction activity and resulting dust the Company was
unable to perform many of its production and vehicle enhancing operations. With
major
construction complete the Company can now perform services for its ongoing
clients.
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
SecuritiesAct 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
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