SOURCE: Signature Leisure, Inc.

February 20, 2007 12:05 ET

Signature Leisure Corporate Update

CASSELBERRY, FL and CHAMPLIN, MN -- (MARKET WIRE) -- February 20, 2007 -- Signature Leisure, Inc. (OTCBB: SGLS) announced earlier today that it recently launched a new division that specializes in providing investor relations ("IR") services to publicly traded companies.

Stephen Carnes, CEO of Signature Leisure, stated, "On a topic that is separate from today's earlier announcement of the new IR business unit, I would like to bring to the attention of shareholders that Signature has not completed a draw down under the Standby Equity Distribution Agreement (SEDA) since September 2006. What this means is that Signature has not sold or issued any stock under terms of the SEDA since September 2006. Management has not had the desire to issue or further dilute the stock at recent share prices."

"With the launch of the new IR business unit, it is my firm belief that Signature can sustain itself as well as achieve growth from the revenues generated within the IR business unit rather than relying on money raised through the SEDA. I believe shareholders will view this information in a positive light. This also spells bad news for any parties holding a short position in Signature who were anticipating being able to cover their short position with shares registered under terms of the SEDA," Carnes stated.

Carnes further stated, "Investor Relation services is my forte and I believe that Signature Leisure, Inc. and the company's shareholders will benefit accordingly. I believe that in the not-too-distant future that a game of 'who will cover their short position last' will begin among any parties that are holding short positions in Signature. For any party that may have shorted Signature, I believe they will find their miscalculation to be an extremely costly mistake."

"Last year on April 28, 2006, Signature's stock price hit a high of $0.305 (thirty and a half cents) per share, which is presently the 52-week High. A one-year chart for 2006 clearly shows that Signature's stock price in the early half of 2006 was greeted with enthusiasm. It is my hope that investors will understand and embrace the significance of today's announcement regarding the successful launch of Signature's new IR division," Carnes stated.

About Signature Leisure, Inc. (OTCBB: SGLS) -- Signature Leisure, Inc. is a publicly traded company trading on the OTC Bulletin Board under the symbol SGLS. For more information about Signature Leisure, Inc., please visit the Company's website at

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.

This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.

Contact Information

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    Signature Leisure, Inc.
    Stephen W. Carnes
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