SDVI management, in conjunction with its lawyers, accountants and Financial Filings Corporation is in the process of completing the audit from January 2005 to June 2007, and anticipate the audits to be complete within the next 60 days. The audit is integral to the application process to move to the bulletin boards, provide the investment community with transparency, and ultimately visibility as the Company moves up.
Kenneth Hurley, Chief Executive Officer of Signature Devices, Inc., stated, "We are pleased with our continued expansion of product lines and new partnerships we recently signed. We expect to see continued growth and further acceptance of our software product lines and the diversification into new markets. Our business plan includes initiatives to expand market presence and penetration. To date, we have hired sales and marketing personnel, expanded our internet presence, and enhanced customer service. These new initiatives are just now beginning to show results and we expect to see the financial contribution from those efforts continue in future quarters.
To keep the shareholders updated with information, we are also are reiterating our progress on several fronts:
-- External developers are developing several products for us and we will
be publishing these video games in the coming months.
-- Development of Mazes of Fate for Nintendo DS is anticipated to be
completed in 4th quarter of 2007 and we will be publishing the
product and shipping to retailers soon thereafter. Signature
Devices, Inc. will receive all profits on sales of this product.
-- Development of Air Conflicts for the PSP is progressing and
anticipated to be completed in mid 2008. Signature Devices, Inc.
will receive all profits on sales of this product.
-- Development of Red Cell for PC is progressing and we anticipate the
product to be completed and shipped in mid 2008. Signature Devices,
Inc. will receive all profits on sales of this product.
-- We are in negotiations with several other developers to publish
their video games.
-- Internally we are developing 2 coin-operated video games and anticipate
both to be finished by January of 2008. Signature Devices, Inc. is
receiving development costs and will receive royalties on sales of
-- Development of a game for Xbox LIVE(R) Arcade to be published in 2008.
-- We are currently in talks with several companies to acquire them to
help fuel more rapid growth for the company.
About Signature Devices, Inc.:
Based in Redwood City, Calif., Signature Devices, Inc. (http://www.signaturedevices.com) (Pink Sheets: SDVI) creates, develops and manufactures advanced information technology, including computer systems, software and electronics products. One of the company's premiere technologies includes a blend of hardware and software for Image generation technology used in video games and simulations. Signature Devices also owns Graffiti Entertainment, LLC (http://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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