SOURCE: Signature Devices, Inc.

Signature Devices, Inc.

May 05, 2009 09:01 ET

Signature Devices, Inc. Receives Credit Line From Wells Fargo Bank

REDWOOD CITY, CA--(Marketwire - May 5, 2009) - Signature Devices, Inc. (PINKSHEETS: SDVI) announced today that it has received a significant credit line from Wells Fargo Bank for purchase order financing for Graffiti Entertainment.

There are two stages to financing that allow Graffiti Entertainment to produce games. The first stage is purchase order financing, whereby the creditor will finance the cost to build games based on purchase orders. After the games are delivered there is a second stage of financing that replaces the first stage called invoice financing or accounts receivable financing. Signature Devices is still in process of securing invoicing or accounts receivable financing.

"This is the first step in helping us meet demand for orders, but we still need to secure Accounts Receivable financing," says Kenneth Hurley, CEO of Signature Devices, Inc. and Graffiti Entertainment, Inc. "We had a previous line of credit for Accounts Receivable financing, but due to the credit markets, that line has been canceled. We are in process of obtaining new Accounts Receivable financing to help produce games for outstanding orders. Needless to say, this has hampered our ability to ship Black Sigil and C.O.R.E. on time. We were able to fulfill orders for Air Conflicts and Black Sigil, through private investments, and anticipate C.O.R.E. to be shipping soon as well. Black Sigil should be available around June 7th. Should we be able to obtain additional financing or a private investment, C.O.R.E. should be available around the same time."

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. (, 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.