SOURCE: Signature Devices, Inc.

Signature Devices, Inc.

September 15, 2010 18:51 ET

Signature Devices, Inc. Announces an Extension to the Record Date of the Graffiti Entertainment Dividend and Is Set for October 15, 2010

REDWOOD CITY, CA--(Marketwire - September 15, 2010) - Signature Devices, Inc (PINKSHEETS: SDVI) is announcing today that they are extending the record date of the dividend of Graffiti Shares to all shareholders of SDVI to October 15th, 2010. There will be a web conference call available tonight at 5:00 p.m. PDT with available Q&A time.

The dividend was announced as part of the video conference held on September 10th, 2010 and a prior press release. The company will pay out a dividend of 1 share of Graffiti Entertainment for 200 shares of Signature Devices, Inc. The shareholder will maintain their SDVI shares.

Reasons for the extension are as follows

  • We have received requests from some stock holders to extend the deadline.
  • Stock settlement dates take up to 3 days that the shareholders name may not be on the NOBO list in time. This has confused a lot of shareholders.
  • The Ex-Dividend date will be the next trading day, October 18th.
  • A notice will then be sent to each stock holder of record to determine how the spin out shares would be distributed.
  • Questions about the distribution and the tender offer will also be answered and recorded during the conference call.

All shareholders are encouraged to have their shares settled before October 15th, which means purchasing the stock on or before October 12th.

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.