Signature Devices Inc. (SDVI)

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Signature Devices, Inc. and Innovo Technology reports strong financial results for Q3 2017
Reported Revenue growth of around 70% over Q2 to $50,814 for Innovo and Graffiti



IRVINE, CA--(Nov 16th, 2017) - Signature Devices, Inc. (OTC PINK: SDVI) today announced revenue for Q3 2017 for all of its subsidiaries including Graffiti Entertainment and Innovo Technologies.

The company also produced a net income of $9,425 for the quarter even after the costs for CEDIA and production were included. The positive net income trend continued from the Q2 into Q3.

The primary driver for revenue growth is the brisk sales of Innovo Technologies media server, Morpheus. All sales of Morpheus servers and players are currently primarily through distributors and their dealer networks in Australia, Europe, Asia, and the Middle East. However, the company also recorded sales from U.S. customers for the first time in Q3. The company expects further growth from U.S. based customers in Q4 and into 2018.

Included in the revenue are the sales of the new Morpheus Micro, which went into production in Q3 and is already gaining traction in the market. The company is currently sold out of the Morpheus Micro until January of 2018. However, Innovo Technology is still receiving back-orders for the unit when the new production is scheduled to arrive

The company will also be holding a google hangout video conference call to go over the financial results on Thursday November 16th at 1:00 PM PST. The link to the meeting will be made available on the company website.

You can also follow the company on Twitter for small updates and announcements, https://twitter.com/SignatureDevice

About Innovo

Based in Irvine, California, Innovo Technology combines the best of the technologies underpinning the popular Morpheus media server, Tazerwear's AI Software, Truck IT's beacon platform with Knoton's hardware, infrastructure and software. The result is a company that blends custom software and powerful hardware IoT-interconnected devices. Learn more by visiting: http://innovotech.io/about/

About Signature Devices, Inc.

Based in Sheridan, Wyoming, Signature Devices, Inc. (www.signaturedevices.com) (OTC PINK: SDVI) is a holding company with subsidiaries that develop Internet of Things (IOT) products through its subsidiary Innovo Technologies, Inc., and publishes diverse media products including video games and mobile applications through its subsidiary Graffiti Entertainment, Inc.

Forward-Looking Statements:

The information in this press release includes certain "forward-looking" statements within the meaning of the Safe Harbor provisions of Federal Securities Laws. Investors are cautioned that such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including the future financial performance of the Company. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this release, and the Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events, or circumstances after the date of this release except as required by law.



Signature Devices, Inc.

Investors Relations

Email: [e-mail]

Phone: [phone] ext 106

http://www.signaturedevices.com




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