SOURCE: Signature Devices, Inc.

August 22, 2007 16:12 ET

Signature Devices, Inc. Settles Lawsuit Against SNK Playmore

REDWOOD CITY, CA--(Marketwire - August 22, 2007) - Signature Devices, Inc. (PINKSHEETS: SDVI) today announced that SNK Playmore has agreed to settle a lawsuit pertaining to breach of contract by SNK Playmore, for the development of video games. Signature Devices, Inc. initiated the lawsuit in 2006.

Commenting on the settlement, Kenneth Hurley, chief executive officer of Signature Devices, Inc., said, "We are pleased with the outcome of this legal proceeding, all of which demonstrates Signature Devices' commitment to defending its rights for compensation under development agreements, thereby protecting the investment of its shareholders, employees and sub-contractors. This settlement shows our commitment to fair and equitable development agreements as both a publisher and developer. It is also a great feeling to be free from pending litigation and to get back to the fundamentals of our business."

Philip Kramer, General Counsel for Signature Devices, Inc., commented, "In the end we received tens of thousands of dollars from SNK to settle the lawsuit. We could have taken this further, but were willing to settle early and have a clean slate with no more pending litigation. If SNK Playmore would have paid as agreed, we could have avoided litigation and saved both companies unnecessary expenditures."

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

Based in Redwood City, Calif., Signature Devices, Inc. (PINKSHEETS: SDVI) 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. Its wholly owned subsidiary Graffiti Entertainment, LLC ( is a full-service developer and publisher of interactive entertainment software for advanced entertainment consoles. Its focus is on creating, developing, and publishing trend setting titles with mass-market appeal.

Forward-Looking Statements:

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.

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