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SDVI News Signature Devices, Inc. Announces the Completion of the Web Based Video Conference Call and Highlights.

Friday, September 10, 2010 5:25 PM

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News for 'SDVI' - (Signature Devices, Inc. Announces the Completion of the Web Based Video Conference Call and Highlights)

REDWOOD CITY, CA, Sep 10, 2010 (MARKETWIRE via COMTEX) -- Signature Devices,
Inc. (PINKSHEETS: SDVI) held a web based conference call to update shareholders
on the company status. The call was hosted on
http://www.ustream.tv/channel/SDVI-shareholder-update.

Highlights of the conference include:

-- Product shipments for products have been in the 5,000 to 20,000 range

and each product only has to reach 5,000 units to be profitable.

-- There are currently 1,726,007,805 Common shares outstanding and

2,770,188 Preferred.

-- The cost to acquire 7th Level entertainment was only preferred shares

and a small amount of monthly income.

-- Reader Rabbit Series for Wii has been submitted for Quality Assurance

tests at Nintendo and once passed should be out about 10 days after.

-- Yesterday 7th Level, the wholly owned subsidiary of Signature Devices,

Inc., signed the final paperwork to acquire a 33% stake in DF Indie

Studios valued at $33 million and a 5% stake in DF Indie Partners

valued at $5 million.

-- Signature Devices, Inc. also has signed a deal for a 360 million Euro

Equity Line for acquisitions.

-- As part of the deal, Signature Devices, Inc. will have to spin out

Graffiti Entertainment, Inc and will pay out a dividend of 1 share of

Graffiti Entertainment for 200 shares of Signature Devices, Inc. The

shareholder will maintain their SDVI shares.

-- Additionally Graffiti Entertainment is making a tender offer for

Signature Devices, Inc. shares to trade 1 share of Graffiti

Entertainment shares for 200 shares of SDVI.

-- Graffiti Entertainment is moving forward to list on the Frankfurt

exchange as part of the Equity Line deal.

-- Graffiti is also in process of securing a short term bridge loan to

expedite the Frankfurt exchange listing.



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.

SOURCE: Signature Devices, Inc.





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SUBJECT CODE: Computers and Software:Internet

Computers and Software:Software

Lifestyle and Leisure:Recreation

Retail:Consumer Interest

Media and Entertainment:Information Services

Retail:Consumer Electronics

Lifestyle and Leisure:Toys and Hobbies

Source: Comtex Wall Street News