The reverse merger of Revenge Designs into Southern Cosmetics is complete. I look forward to transition the business name of the public entity into the name of Revenge Designs, Inc. in the very near term.
DECATUR, Ind. (PRWEB) October 23, 2007
Peter Collorafi, the newly appointed President and CEO of Southern Cosmetics via the reverse merger of Revenge Designs, LLC, stated, "The reverse merger of Revenge Designs into Southern Cosmetics is complete. I look forward to transition the business name of the public entity into the name of Revenge Designs, Inc. in the very near term."
Collorafi further stated, "Our Company has a lot of exciting new product offerings in the works and I am very pleased that Revenge has transitioned into a publicly traded entity. I anticipate 2008 being a very successful year for the company and we are currently projecting potential revenues for 2008 to be in the neighborhood of $28 million.
"It is my hope and desire that our business model as a specialty car designer and manufacturer will be well received by the investing public. I would like to inform current shareholders that there will not be any reverse stock split associated with the announced reverse merger," stated Mr. Collorafi.
Revenge Designs, a specialty car designer and manufacturer, is headquartered in a fifty-three thousand square feet (53,000 sq.ft.) facility in N.E. Indiana. Mr. Peter Collorafi is a car designer from Queensland, Australia. Peter has been designing and installing modifications for factory produced vehicles since 1980. For more information about Revenge, please visit the company's website located at http://www.revengedesignsllc.com.
As of October 23, 2007, Southern Cosmetics, Inc. had a total of 193,989,934 shares of commons stock issued and outstanding (approximately 141,000,000 of those shares are Restricted). The Company has an authorized share structure of 500,000,000 shares of common stock authorized.
Due to today's reverse merger announcement, Southern Cosmetics, Inc. will in the near future request a change in name to reflect the new direction of the company as a specialty car designer and manufacturer in order to better reflect Revenge's new management and leadership role at the helm of the public entity.
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 necessarily 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. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
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.