Replies to post #19639 on Signature Devices Inc. (SDVI)

[runwithit007]

Here it is .

Signature Devices, Inc. Issues Update Regarding Y7 Capital Partners and Other Business Operations

REDWOOD CITY, CA -- (Marketwire)
05/25/10
Signature Devices, Inc. is issuing this update with respect to operations of Signature Devices, Inc., 7th Level Entertainment, and Y7 Capital Partners -- a joint venture between Yamani Pictures and 7th Level Entertainment Group, a subsidiary of Signature Devices Inc. (PINKSHEETS: SDVI).

"I wanted to assure shareholders that the current set of deals we have in place with respect to Y7 Capital partners is not at the expense of Signature Devices, Inc.," stated Kenneth Hurley, CEO of Signature Devices, Inc. "Y7 Capital is a joint venture, whereby we are bringing the acquisitions to the venture and Yamani Pictures is funding the opportunities. This in no way affects our current business model or is a drain on cash flow with respect to our video game business. It only expands our business and opens up opportunities for us in entertainment business. We have been delaying our audited financials and possible uplisting until all the Y7 acquisitions are complete as it will add 50% of the acquisitions bottom line to Signature Devices, Inc. We have a funding commitment from Yamani for the Y7 joint venture for $300 million. We continue to focus on our video game publishing business, as this is where our short term financial success will come from. We are particularly focused on finishing the Reader Rabbit series of games and it is shipping around the end of this quarter. We have already received good pre-orders for the Wii games and we believe the game will be our best seller to date."

About Y7 Capital Partners, LLC

Y7 Capital Partners is a boutique investment company established as a joint venture between the 7th Level Entertainment Group and Yamani Pictures for the purposes of identifying, acquiring and investing in entertainment based companies, projects and assets.

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.