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Tuesday, March 06, 2018 7:38:31 PM
GlobeNewswire•January 31, 2018
IRVINE, CA, Jan. 31, 2018 (GLOBE NEWSWIRE) -- Signature Devices, Inc. (OTC PINK: SDVI) today announced that it has retained the services of John Lux and his law firm to file its much anticipated Regulation A Plus offering.
Mr. John Lux has 40 plus years of experience as an attorney, and is a renowned published author in the areas of Public company mergers, Penny Stocks, and Reg A Plus.
“We made a very early decision to retain the services of Mr. John Lux for this very important offering for us because of his background and experience as an expert in Reg A Plus filings,” said Inas Azzam, CEO and President at Innovo and Signature Devices.
Recently, the company announced a strategic partnership with New York City based private investment fund, Tri-Bridge Ventures, LLC. Signature Devices entered into a Securities Purchase Agreement with Tri-Bridge Ventures in which TBV may purchase common stock equal to a value of up to Five Million Dollars ($5,000,000) when SDVI has qualified the necessary number of shares under Regulation A+ through an offering statement (Form 1-A).
Regulation A+, as mandated by the JOBS Act and introduced on March 25, 2015, gives non-SEC reporting companies the ability to raise up to $50,000,000 in a 12-month period. Through the Reg A+, Signature Devices will have a structure in place throughout 2018 which will provide the capital necessary to execute on their business plan, market their existing products, continue to innovate in the Internet of Things space, and deliver shareholder value.
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