SOURCE: Signature Devices, Inc.

April 29, 2008 08:31 ET

Signature Devices, Inc. Completes Financial Audit for 2006 and 2007 Ahead of 10-SB Filing

REDWOOD CITY, CA--(Marketwire - April 29, 2008) - Signature Devices, Inc. (PINKSHEETS: SDVI) is pleased to announce that the Company has posted its 2006 and 2007 Audited financials on its website www.signaturedevices.com. The Company retained Gruber & Company, LLC of Saint Louis, Missiouri to complete the last two years of financial statements required by the SEC to uplist to the NASDAQ Bulletin Board.

The 2 years of audited financials will now give the Company the ability to file the form 10SB to become fully reporting with the SEC. Upon approval, the company will be eligible to trade on the NASD's Over the Counter Bulletin Board or higher exchange. In 2007, the Company posted Total Assets of $289,953 as compared with $409,461 for 2006. Signature Devices posted total revenues of $731,099 for 2007 as compared to $1,169,017 for 2006. The decrease in revenues is a result of the company electing to publish its own titles rather than produce titles for other manufacturers. In the long run management believes this will produce the most value for the shareholders.

In 2007, Signature Devices realized a Gross Profit of $658,680 as compared to $1,098,180 for 2006. After deducting stock based compensation of $4,904,344, the Company's Operating Loss was just ($480,546). "We are now positioned to uplist and produce real results to the bottom line. I believe the sacrifices we made in 2007 will pay dividends for all the shareholders in the future," stated Kenneth Hurley, CEO of Signature Devices, Inc. and Graffiti Entertainment, LLC.

About Signature Devices, Inc. and Graffiti Entertainment, LLC:

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 premiere technologies includes a blend of hardware and software for image generation technology used in video games and simulations. Signature Devices also owns Graffiti Entertainment, LLC, (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.

Contact Information