REDWOOD CITY, Calif., Feb. 12, 2010 (GLOBE NEWSWIRE) -- Signature Devices, Inc. (Pink Sheets:SDVI) (www.signaturedevices.com) and its subsidiary Graffiti Entertainment, Inc. (www.GraffitiEntertainment.com) are today providing Q4 and Full Year Unaudited Financials and an update to its current business efforts.
Signature Devices, Inc. has posted unaudited financial statements for the 4th Quarter and Full Year of 2009. The statements are available at http://www.signaturedevices.com/content/view/64/112/
Currently, the company has released 6 games across 10 SKUS that include Bilingual (English and French) and Trilingual (English, French, Spanish) in 2009. Several of the titles were pushed back to 1st Quarter 2010 and should be releasing soon. The company has also signed on for the Pinksheets.com news service and will be posting all financials through the service.
"We wanted to give our investors an update on our financials through Q4 2009 and an update for Q1 2010," stated Kenneth Hurley, CEO of Signature Devices, Inc. and Graffiti Entertainment, Inc. "We continue to grow our business each quarter and reached gross revenues for 2009 of a little over 1.5 million and net revenues of about 270k. These figures are based on unaudited financials and exclude stock based compensation and stock based expenses. We have a great lineup for 2010 that should allow us to continue to grow our revenues on a quarterly basis. We also are growing our business in other areas. We are deep in negotiations for several acquisitions using 'leveraged buyouts' and should have some very big announcements in the coming months."
The unaudited financials for 2009 are a step in the process for the full two year audits that are necessary to uplist to the OTCBB or another reporting exchange.
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.