SOURCE: Signature Devices, Inc.

Signature Devices, Inc.

May 19, 2010 13:11 ET

Signature Devices, Inc. Announced Today That Jim Caparro Has Officially Joined Its Subsidiary -- 7th Level Entertainment Group -- as the New Managing Director of 7th Level's Creative Entertainment Division

NEW YORK, NY--(Marketwire - May 19, 2010) -  7th Level Entertainment Group -- a wholly owned subsidiary of Signature Devices, Inc. (PINKSHEETS: SDVI) in Redwood, CA -- announced today that Jim Caparro officially joined the 7th Level team as the Managing Director of 7th Level's Creative Entertainment Division. Mr. RJ Bucaria, CEO, said: "Jim is one of the most successful and respected individuals in the entertainment industry. We are thrilled to have him bring his passion, drive and expertise to the helm of our New Media Entertainment Division."

In his new post as Managing Director, which begins June 7th 2010, Mr. Caparro will be headquartered in New York and will be responsible for the acquisition, development and operational management of the companies in 7th Level's New Media Entertainment Division which includes Kefi Entertainment, a new artist music company distributed by Universal/Fontana Distribution. Mr. Caparro will also be working very closely with both Mr. Bucaria and 7th Level CFO Jack Carton to complete investments in 3 other New Media-based entities for the division, which include a lifestyle media marketplace, a cutting edge digital marketing company and an entertainment-based transactional company. 

Regarding his new post with 7th Level, Mr. Caparro said: "I am thrilled to be working with RJ and his team. 7th Level's support of my vision to identify, invest in and integrate independently viable next generation new media companies is very exciting. The challenge of creating a content ecosystem of the future whereby connecting high quality content creators with users more directly, efficiently and effectively has been a lifelong passion."

About Jim Caparro
Jim Caparro is an accomplished Chief Executive with broad-based expertise in managing and evaluating business situations and developing effective solutions. Throughout his 25 year+ career, Mr. Caparro has been known as an innovator and dynamic leader. After getting his start in the sales and marketing department of Sony Music, Mr. Caparro went on to create PolyGram Group Distribution which became one of the largest and most respected full service entertainment distribution companies in the U.S. After several years as Chief Executive Officer responsible for six PolyGram Opco's, including PolyGram Group Distribution, PolyGram Video, PolyMedia, PolyGram Merchandising, PolyGram New Media Technologies and PolyGram Independent Label Sales, Mr. Caparro founded The Island Def Jam Music Group. As Chairman and C.E.O. of The Island Def Jam Music Group, Mr. Caparro created one of the largest and most profitable record labels in the industry by combining 14 separate labels including Mercury Records, Island Records and Def Jam Recordings. In 2004, Mr. Caparro founded the Entertainment Distribution Company, a neutral provider of complete supply chain solutions for the entertainment industry. 

About the 7th Level Entertainment Group
The 7th Level Entertainment Group (www.7leg.com) is an International Event Production and Talent Management company that provides clients with a wide range of production and management related services across the full spectrum of the entertainment industry. The 7th Level Entertainment Group is a wholly owned subsidiary of Signature Devices Inc./ Graffiti Entertainment (PINKSHEETS: SDVI).

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.