Signature Devices, Inc. Announces Gaming Deal With Yamani Pictures for "Only the Hood Dies Young"
28 Mai 2010 - 1:28AM
Marketwired
Signature Devices, Inc. (PINKSHEETS: SDVI) in Redwood, CA announced
today that it has finalized a joint venture deal with Yamani
Pictures to develop and publish a video game based on the studio's
feature film titled "Only the Hood Does Young." According to the
terms of the agreement Yamani shall pay Signature Devices, Inc. 5
million dollars to develop the product which Graffiti Entertainment
will then manufacture and distribute worldwide. Yamani will receive
royalties from the game sales and stock of less than 10% in the
company for the investment. Yamani will also contribute capital
towards the marketing efforts of the game. The game is scheduled
for release in mid 2011.
Kenneth Hurley, Chief Executive Officer of Signature Devices,
Inc. stated: "I'm looking forward to this partnership with Yamani
and developing and publishing this game for the Xbox 360,
Playstation 3 and Nintendo Wii. I plan on using my 30+ years of
experience in the video game industry to deliver a fun, exciting
and high quality video game. The 5 million dollars will go a long
way to helping the company's financials for 2010-2011."
Yamani Pictures Yamani Pictures is an
Independent Film Studio whose film slate consists of a diverse
array of projects targeted at the key demographics within the
worldwide movie going audience. Yamani's projects include animation
films, action films and theatrical franchises starring A-list
actors.
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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