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Signature Devices Provides Status Update Regarding Current Business Efforts
Date : 09/03/2009 @ 8:48PM
Source : MarketWire
Stock : Signature Devices, Inc. (SDVI)
Quote : 0.0013 0.0001 (8.33%) @ 3:30PM


Signature Devices Provides Status Update Regarding Current Business Efforts





REDWOOD CITY, CA -- (Marketwire) -- 09/03/09 -- Signature Devices, Inc. (PINKSHEETS: SDVI) (www.signaturedevices.com) and its subsidiary Graffiti Entertainment, Inc.

(www.GraffitiEntertainment.com) are today providing an update to its current business efforts.




Signature Devices, Inc. has posted unaudited financial statements for 2008 and the 1st and 2nd quarter of 2009 and an interim financial statement for the partial 3rd Quarter of 2009. The statements are available at http://www.signaturedevices.com/content/view/64/112/




Currently the company has released 3 games in 2009 and has signed agreements for 5 titles on 6 SKUs for 2009 release. There are an additional 4 titles on 6 SKUs that are scheduled to be released in 2009 as well and are awaiting final signatures on publishing agreements. There will be announcements over the next few weeks when the titles have been signed. A SKU is an acronym for "Stock Keeping Unit" and is a unique identifier for each product published on different platforms. In total the company is anticipating releasing 11 different titles on 15 different SKUs for 2009. The company has also signed an agreement for 4 more well known titles on 8 different SKUs for a scheduled 1st quarter 2010 release date.




"We wanted to give our investors an update with the current business efforts for 2009," stated Kenneth Hurley, CEO of Signature Devices, Inc.

and Graffiti Entertainment, Inc. "We also are working diligently on making the company as profitable as possible in order to uplist to the OTCBB. The first order of business was to build the business to sustain the costs associated with becoming a fully reporting company."



About Signature Devices, Inc. and Graffiti Entertainment, Inc.:



Based in Redwood City, Calif., Signature Devices, Inc. creates, develops and manufactures advanced information technology, including computer systems, software and electronics products. One of the Company's premier technologies includes a blend of hardware and software for image generation technology used in video games and simulations. Signature Devices also owns Graffiti Entertainment, Inc. (www.graffitientertainment.com), a publisher of interactive entertainment software for advanced entertainment consoles.




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.