Signature Devices Inc. (SDVI)

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NEW PR:

http://www.mmdnewswire.com/press-release-distribution-8825.html

7th Level Ent. Group announces a Letter of Intent to Acquire an Equity Stake in ShoutCrowd Media

7th Level Entertainment Group--a wholly-owned subsidiary of Signature Devices, Inc- announces it has signed a Letter of Intent to Acquire an Equity Stake in ShoutCrowd Media

NEW YORK CITY, NY (MMD Newswire) June 8, 2010 -- 7th Level Entertainment Group--a wholly owned subsidiary of Signature Devices, Inc. (Pink Sheets: SDVI) in Redwood, CA.--announced today that the company has signed a Letter of Intent to acquire a 33% equity stake in ShoutCrowd Media (www.shoutcrowdmedia.com )

When asked to comment on the strategy behind the acquisition 7th Level Entertainment Group CEO R.J. Bucaria responded, "This deal represents the continuation of our strategic positioning plan for our new Creative Entertainment Division. ShoutCrowd is a social marketing technology company that has created a peer-to-peer marketing platform that operates across multiple social networks and engages consumers in promoting products, services and brands through the reach of social networks and their relationships. ShoutCrowd's technology will enable our company and our clients to use their core customers and fans in promoting their products and services with a market penetration of over 240 million U.S. consumers. This type of market penetration and the methodology behind how it is achieved are both key strategic elements for us as we look to engage the modern entertainment consumer."

Ron Vos, CEO of ShoutCrowd Media had this to say regarding the deal, "Considering our explosive growth, we are fortunate to have an investor that is strategically aligned with our vision so that we can take the company to the next level and capitalize on all future opportunities. After learning about R.J.'s company, I am confident we found the team that understands our vision and the enormous growth potential that lies before us."

The initial agreement in the form of a letter of intent provides the framework for a subsequent definitive agreement under which the 7th Level Entertainment Group would acquire a 33% stake in ShoutCrowd Media and would receive a minimum of 2 seats on the 5 member ShoutCrowd Media Board of Directors. The details of the proposed deal will be included in the definitive agreement. The letter of intent outlines additional due diligence, audit work and other terms that must be fulfilled to proceed to the definitive agreement and to subsequently affect a close of the transaction.

About ShoutCrowd Media
ShoutCrowd is a social marketing technology company that has created a peer-to-peer marketing platform that operates across multiple social networks and engages consumers in promoting products, services and brands through the reach of social networks and their relationships. Shoutcrowd's technology has enabled their clients to use their core customers and fans in promoting their products and services to their friends, family and co-workers with a reach of over 240 million U.S. consumers.

ShoutCrowd provides its software as a service (SaaS) to its clients and can be embedded within any website and on all social networks (i.e.: Facebook, Myspace, etc). ShoutCrowd campaigns encourage consumers to promote and share a company's marketing assets (videos, images/banners, website URLs, coupons, and discounts) with their friends and colleagues. The ShoutCrowd platform consists of a proven set of proprietary "incentive-based" tools and campaign formats, which maximize campaign reach and ROI. Configuration and implementation of the ShoutCrowd service is very simple and non-technical and takes 15 minutes to set up and go.

The ShoutCrowd Media platform also powers Fan2Band.com, which is a wholly owned entity of ShoutCrowd Media. Fan2Band was launched in 2008 and services music artists, bands, and most major record labels. Fan2Band functions as a buzz marketing tool to connect directly with consumers, promoting and selling music and concert tickets through online peer-to-peer marketing.

Born out of passion for marketing and technology, ShoutCrowd Media's always-expanding knowledge and experience in the field continues to make them the "go to" company for managing and maximizing professional social networks, affiliate sales and marketing, and loyal customer and fan relationship marketing.

About 7th Level Entertainment Group, LLC
The 7th Level Entertainment Group ( www.7leg.com ) is an International Entertainment Company with divisions and corporate assets operating in International Event Production, Talent Management, Film, New Media, Amusements and the acquisition of entertainment based Intellectual Properties. The 7th Level Entertainment Group is a wholly owned subsidiary of Signature Devices Inc./ Graffiti Entertainment (Pink Sheets: SDVI).

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.

7th Level Entertainment Group Contact:
[phone]
[e-mail]
www.7leg.com

Investor Relations Contact:
Signature Devices, Inc.
[phone] x111
[e-mail]

Source: Signature Devices, Inc.