SOURCE: Signature Devices, Inc.

Signature Devices, Inc.

May 07, 2013 06:07 ET

Signature Devices, Inc. Announces Settlement Agreement With Universal Funding Corp.

LAS VEGAS, NV--(Marketwired - May 7, 2013) - Signature Devices, Inc. (PINKSHEETS: SDVI) is pleased to announce that the Company has reached a settlement agreement with Universal Funding Corporation. The terms of the settlement were not disclosed pursuant to confidentiality provisions in the settlement agreement. "This is a very positive development in the life of our company, and we are excited that this matter has been resolved," commented Mart van der Velde, President of Signature Devices, Inc.

About Signature Devices, Inc.

Based in Las Vegas, Nevada, Signature Devices, Inc. creates and develops social networking systems including social networking server software, social networking games and console games. The company also publishes software including video games, and commercial products through its subsidiary company Graffiti Entertainment, Inc.

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.