GM shakerzzz SDVI_Update must read_STOP SIGN IS GONE http://www.otcmarkets.com/stock/SDVI/company-info
Navarre has the Graffiti Reader Rabbit as #2, #3, #4 and #5 in Wii sales over the last 12 weeks.. http://www.navarre.com/NDS/bestsellers/main/videogames/default.aspx
SDVI NEWS !out2nd and 3rd Quarter 2011SDVI SDVI$$$$ Signature Devices, Inc. Provides Business Update and Progress for 2nd and 3rd Quarter 2011
2011-07-22 14:07 ET - News Release
REDWOOD CITY, CA -- (MARKET WIRE) -- 07/22/11
Signature Devices, Inc. (PINKSHEETS: SDVI) today announced its business update and progress report for 2nd Quarter of 2011.
In an effort to keep shareholders up to date, the current financials for Signature Devices, Inc. have been posted to www.otcmarkets.com.
Sales for the 2nd Quarter came in at the tail end of June, thereby shifting the majority of profits into the 3rd Quarter. This is due to the time it takes to manufacture the products. Typically the products are purchase order financed which pays for the cost of goods, and then when the goods are delivered to our customers we book the invoices as income. Our Q2 interim financial statements reflect this process, showing an outstanding liability to Wells Fargo of $421,752.72. This amount is 45% or less than total invoices for those shipments. Upon delivery to our customers, we invoice our customers and this amount is paid off and the invoicing amount converts to the profit column. The current outstanding receivables as of July 21, 2011 are $895,544.49.
The company is also working on shipping more product into brick and mortar stores and is in the process of pitching products to major retailers, including WalMart, Best Buy, Toys R Us and others for a back to school promotion for the August/September timeframe. If successful in placing this product the company anticipates the outstanding receivables to at least double.
Graffiti Entertainment, Inc. will be holding a proxy vote to authorize a merger with Signature Devices, Inc. and combine the two entities into one entity before filing an S1 registration statement. In turn, Signature Devices, Inc. will hold a proxy vote to authorize the merger with Graffiti Entertainment, Inc. The merged company will operate under Graffiti Entertainment, Inc. and will file the S1 registration for the U.S. market. Graffiti Entertainment Europe will then also proceed to file on the Frankfurt exchange.
There will be a video conference call today at 2:00 p.m. PDT. The video conference call can be viewed at www.ustream.tv/channel/SDVI-shareholder-update.
The auditing process for Signature Devices, Inc. is taking a lot longer than anticipated, but is still in process. More information can be obtained from the video conference call.
About Signature Devices, Inc. Based in Redwood City, Calif., Signature Devices, Inc. creates and develops social networking systems include social networking server software, social networking games and console games. Signature Devices also works with Graffiti Entertainment, Inc. (www.graffitientertainment.com), a publisher of interactive entertainment software for advanced entertainment consoles to publish video games for the console market.
Updated-Reader Rabbit Wii store finder..MUST READ--take your time..-
Founded January 2011 Release Date OCTOBER 2011 About Welcome to the official facebook page for Find Me Event. LIVE Fall 2011 through phatyaffle.com. Description This is not a MOVIE This is not a REALITY SHOW This is not a VIDEO GAME This is not a ARG This IS.... A Live Action, Cross Platform, Interactive, Gaming Event Re-Invent Entertainment Mission The Official Facebook page for Find Me Event. Check back regularly for updates and news regarding the event that will re-invent entertainment! Website www.findmeevent.com http://www.facebook.com/findmeevent http://www.phatyaffle.com http://twitter.com/#!/FindMeEvent http://www.mikrotone.com http://www.graffitientertainment.com/
“Find Me” will be a unique experience of interactive media the likes of which has never been seen before. Players will watch live internet video and participate in active chat rooms to guide a real-life character through an intricate puzzle in an effort to garner clues to his whereabouts so that they can locate and “rescue” the character. In the end, one player must electronically enter the location in which the character has been “captured” and free him as the world watches live to gain the grand prize.
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