SOURCE: Signature Leisure, Inc.

May 02, 2007 13:35 ET

Signature Clarifies Recent Press Release

CASSELBERRY, FL and CHAMPLIN, MN -- (MARKET WIRE) -- May 2, 2007 -- Signature Leisure, Inc. (OTCBB: SGLS) announced today that the company would like to clarify a recent press release.

Stephen W. Carnes, President of Signature Leisure, Inc., stated, "After the company's press release on April 30, 2007, we received phone calls from investors asking whether the press release was referring to previously announced clients or if the release was referring to new clients that had not been announced before. To clarify, the April 30th announcement was indeed referring to two new clients."

Carnes further stated, "Since Signature began providing consulting services to private corporations early this year, Signature has signed agreements with six (6) separate companies. Each of the six (6) agreements span a twelve (12) month period and include a compensation package valued at $150,000 to Signature for consulting services for each individual agreement.

"During March 2007, the company signed agreements with three (3) clients. During April 2007, we signed agreements with three (3) additional new clients. We are in negotiations with additional prospective clients that we hope will join our growing list of clients in the near future. I look forward to updating investors with information as the company continues to grow and reaches additional milestones."

About Signature Leisure, Inc. (OTCBB: SGLS) -- Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the company. They include, but are not limited to, clients of the company are most often smaller emerging growth companies that often are under-capitalized, thus the potential exists that some clients may have difficulty in fulfilling payment obligations to the company. Additionally, other risks include, but are not limited to, the company's ability to continue to develop operations, the company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the company's public announcements.

This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.

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