Signature Devices, Inc. Completes Financials for 2011 and 2012
LAS VEGAS, NV -- (Marketwire) -- 02/26/13 -- Signature Devices, Inc.
(PINKSHEETS: SDVI) is pleased to announce that the Company has posted
its 2011 and 2012 financials on the website
www.otcmarkets.com/stock/SDVI/financials. By publishing the
financials the company is in process of being upgraded to the status
as OTC Pink Limited Information. The company plans on submitting
additional documentation to upgrade the status to OTC Pink Current
In 2012, the Company posted Total Assets of $1,618,248 as compared
with $2,217,218 for 2011. Signature Devices posted total revenues of
$129,620 for 2012 as compared to $1,065,152 for 2011. The decrease in
revenues is the result of bad debt write-offs with one big debtor.
The bad debt resulted in Signature Devices unable to deliver
additional goods to market.
In 2012, Signature Devices realized a Gross Profit of $121,736 as
compared to $669,301 for 2011. "I strongly believe the planned
litigation against our main debtor will bring us back to
profitability and will benefit all shareholders in the near future,"
stated Mart van der Velde, CEO of Signature Devices, Inc.
About Signature Devices, Inc.
Based in Las Vegas, Nevada, Signature Devices, Inc. creates and
develops social networking systems include 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
(650) 654-4800 x111
Press spacebar to pause and continue. Press esc to stop.