'Shepherd's Crossing 2 for Nintendo DS(TM)' Reaches Gold Status
11 Mars 2010 - 3:01PM
Marketwired
Graffiti Entertainment, Inc. -- a
subsidiary of
Signature Devices, Inc.
(PINKSHEETS: SDVI) -- today announced that
"Shepherd's Crossing 2 for the Nintendo DS™," the full featured and
in-depth farming simulation and strategy game, has reached Gold
status and will be shipping to North America on March 30, 2010. The
cartridges have been ordered from Nintendo of Japan and are in the
process of manufacturing. They then will be shipped from Japan to
our North American and Canadian warehouses for packaging and then
shipped to distributors and retailers.
Shepherd's Crossing 2 DS is a full featured and in-depth farming
simulation and strategy game. At its heart, the game is about the
player living in a small town and communicating with the other
villagers while raising livestock, harvesting crops, and building a
farm.
"We are very happy that we are shipping products and receiving
very good initial orders for the products," said Kenneth Hurley,
Signature Devices, Inc. Chief Executive Officer. "We have recently
taken steps to increase our credit line and are happy to report
that we were successful in obtaining a higher amount for our
accounts receivable financing. We have also taken additional steps
with the business so that we can avoid raising capital via our
stock to fund manufacturing. Wells Fargo Business credit has agreed
verbally to raise our limit to finance the game manufacturing
process. AR Funding has already raised our accounts receivable
financing limit. We should be signing the paperwork for the new
agreement with Wells Fargo this week. We are also anticipating 2-3
other games to ship this month."
Graffiti Entertainment, Inc. had been shipping product through
Jack of All Games, Inc. which was recently purchased by Synnex
Corporation. Game distribution in Canada is exclusively through
Synnex and the games are being distributed and sold in WalMart,
Toys R US, Best Buy, EB Games and other retailers in Canada.
Shipments to the U.S. are being done through a number of
distributors and Synnex is one of the distributors for Graffiti in
the U.S.
For more information about Signature Devices, Graffiti
Entertainment and their products, please visit
www.signaturedevices.com.
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.
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