SGLS Signature Leisure Inc New (CE)

Signature Leisure, Inc. (OTCBB:SGLS) announced today that the company has issued a Notice of Conversion of Preferred Stock to Revenge Designs, Inc., which trades on the Pink Sheets under the symbol RVGD. Signature Leisure, Inc.�s investment stake in Revenge Designs, Inc. includes 2,400,000 (two million four hundred thousand) shares of Convertible Preferred Stock of Revenge Designs, Inc. The Convertible Preferred Stock carries a conversion rate into Common Stock at a rate of 1/100 ratio (one share of Preferred Stock converts into 100 shares of Common Stock of the issuer Revenge Designs, Inc.). The Notice of Conversion issued by Signature Leisure, Inc. to Revenge Designs, Inc. requests the conversion of the entire 2,400,000 (two million four hundred thousand) shares of Convertible Preferred Stock into 240,000,000 (two hundred forty million) shares of Revenge Designs, Inc. common stock. Stephen W. Carnes, President of Signature Leisure, Inc., stated, "I am very pleased with today�s announcement that Signature has decided to convert the Company�s investment in Revenge Designs, Inc. from Preferred Stock into Common Stock. It is my desire as President of Signature to issue a stock dividend of Revenge Designs common stock to shareholders of Signature Leisure, Inc. in the very near future once this part of our investment stake has been converted into Common Stock of Revenge Designs, Inc.� About Signature Leisure, Inc. (OTCBB:SGLS) -- 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.