Signature Devices Provides Status Update Regarding Current Business Efforts
04 Septembre 2009 - 2:48AM
Marketwired
Signature Devices, Inc. (PINKSHEETS: SDVI)
(www.signaturedevices.com) and its subsidiary Graffiti
Entertainment, Inc. (www.GraffitiEntertainment.com) are today
providing an update to its current business efforts.
Signature Devices, Inc. has posted unaudited financial
statements for 2008 and the 1st and 2nd quarter of 2009 and an
interim financial statement for the partial 3rd Quarter of 2009.
The statements are available at
http://www.signaturedevices.com/content/view/64/112/
Currently the company has released 3 games in 2009 and has
signed agreements for 5 titles on 6 SKUs for 2009 release. There
are an additional 4 titles on 6 SKUs that are scheduled to be
released in 2009 as well and are awaiting final signatures on
publishing agreements. There will be announcements over the next
few weeks when the titles have been signed. A SKU is an acronym for
"Stock Keeping Unit" and is a unique identifier for each product
published on different platforms. In total the company is
anticipating releasing 11 different titles on 15 different SKUs for
2009. The company has also signed an agreement for 4 more well
known titles on 8 different SKUs for a scheduled 1st quarter 2010
release date.
"We wanted to give our investors an update with the current
business efforts for 2009," stated Kenneth Hurley, CEO of Signature
Devices, Inc. and Graffiti Entertainment, Inc. "We also are working
diligently on making the company as profitable as possible in order
to uplist to the OTCBB. The first order of business was to build
the business to sustain the costs associated with becoming a fully
reporting company."
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.
Signature Devices (CE) (USOTC:SDVI)
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