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Re: Abondanceinvest post# 3143

Wednesday, 04/24/2013 8:41:50 AM

Wednesday, April 24, 2013 8:41:50 AM

Post# of 4993
Signature Devices, Inc. (PINKSHEETS: SDVI) is pleased to announce that it is in process of selecting an accounting firm to audit 2008 -2012 financials in its efforts to achieve current reporting status with Pink Sheets, as well as retaining legal advisers to facilitate and oversee legal disputes resolution. In addition, the Board has approved an amendment to the Company's Amended and Restated Articles of Incorporation to increase the number of authorized shares of common stock to 7,000,000,000. "We have always placed a high priority on providing current and accurate information to our shareholders, and we are excited that we are one step closer to achieving current status with Pink Sheets. The Board believes that the increase in authorized common shares creates the ability for the Company to extinguish the legacy debt instruments and their covenants. This, in conjunction with the significant operating improvements, will allow our team to vastly broaden our investor audience that can focus on tangible financial results to track our progress," commented Mart van der Velde, President of Signature Devices, Inc.

The Company currently has 2,495,000,000 authorized shares of common stock, and approximately 2,468,024,472 shares of common stock were outstanding as of April 17, 2012.

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