BB's Stock Haven

[Charlize Dakota]

Check is SDVI news today $$$

MSNBC NEWS:

REDWOOD CITY, CA — 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.