-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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Press Release Source: Signature Leisure, Inc.
Signature Extends Note of Congratulations to Revenge Designs and Announces Upcoming Dividend Friday February 29, 3:06 pm ET
CASSELBERRY, Fla.--(BUSINESS WIRE)--Signature Leisure, Inc. (OTCBB:SGLS - News) announced today that the company wishes to extend a note of congratulations to Revenge Designs, Inc. (Pink Sheets:RVGD - News), in addition to shareholders of both Signature Leisure and Revenge Designs. ADVERTISEMENT
Stephen W. Carnes, President of Signature Leisure, Inc., stated, “I would like to congratulate Peter Collorafi, President and CEO of Revenge Designs, for the continued growth and success he is achieving with Revenge Designs, Inc. Peter has worked extremely diligently to grow Revenge Designs from inception and I am very pleased that Signature Leisure was able to be one of Revenge’s earliest shareholders and supporters.”
“As one of the earliest supporters of Revenge Designs, I am extremely happy to announce that Signature Leisure and Revenge Designs management have mutually agreed to allow Signature Leisure, Inc. to distribute to Signature shareholders Signature’s investment holdings of Revenge Designs, Inc. Preferred Stock in the form of a dividend. I believe that distributing the dividend in the form of Revenge’s Preferred Stock, rather than converting to common and then distributing the dividend, will provide benefits to shareholders of both companies,” Carnes stated.
Carnes further stated, “Signature’s shareholders will have the rare opportunity to become owners of Revenge Design’s Preferred Class of Stock by virtue of being a SGLS shareholder. I am happy to announce that only SGLS shareholders of record on the x-dividend date will have the opportunity to become shareholders of Revenge’s Preferred Class of Stock. Signature will be distributing the entire 2.4 million shares of Preferred Stock it has held as a dividend to shareholders. During the week of March 4th, 2008, Signature will be providing shareholders with additional details on the upcoming dividend and pending x-dividend date.”
About Signature Leisure, Inc. (OTCBB:SGLS - News) -- Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at http://www.signatureleisure.com
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the company.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
Contact: Signature Leisure, Inc., Casselberry Stephen W. Carnes, 407-599-2886 info*signatureleisure.com
-------------------------------------------------------------------------------- Source: Signature Leisure, Inc.
How many thought Carnes had nothing good to say for Revenge??? _________________________ This is not a buy/sell recommendation. I am in no way compensated by any entity for any of my posts.
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That be some volume there eh? Think we knocked out some of those daytraders sittin with massive flips??
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Revenge Designs, Inc. Announces Completion of Financing
DECATUR, IN--(Marketwire - March 3, 2008) - Revenge Designs, Inc. (PINKSHEETS: RVGD), a specialty car designer and production assembler, announced today that it has closed its second round of financing. The company was able to raise the full amount of its Regulation D 504 offering in its second round.
The funds raised will be used to pay for the construction of an additional 20,000 square feet of production space and to install a state-of-the-art paint booth and oven system. The company will use the remaining funds to purchase additional equipment, tooling and to stock its inventory with parts needed to fulfill demand for future Honda Ridgeline orders as well as its large upcoming production contract.
Peter Collorafi, Revenge Designs President and CEO, stated, "We want to thank all of our shareholders who have supported us during our fund raising activities. The additional funds have allowed us the ability to build additional assets without the need for further long term debt. By using equity instead of debt the company can now utilize all of its cash flow to grow organically as opposed to paying off debts. The construction of the new addition will begin in the spring of 2008 once all permits have been approved. The new facility will allow us to keep up with the growing demand for our services and to support additional future contracts. Once completed, the new facility will be worth more than the actual cost to build thus building shareholder value through increased booked assets."
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.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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Looks like the dilution light is flashing again.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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The 6 to 8 week time frame from an earlier press event is fast approaching. We will soon find out who the mystery company is.
Posts: 2498 | Registered: Mar 2006
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Last I heard, that jagoff Carnes got 85m left to dump? Unreal how much dilution this stock has.
Posts: 3026 | From: Chicago | Registered: Oct 2005
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i am down so much that i will hold on to what i got,And it will either go up or go out of business.Either way i will stay with it ,although i dont feel so confident about this stock anymore Posts: 33 | From: manhatten nyc | Registered: Feb 2008
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