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Signature Devices, Inc. Announces Gaming Deal With Yamani Pictures for "Only the Hood Dies Young"

^{Published on 2010-05-27 16:40:20 - Market Wire}
 

REDWOOD CITY, CA--(Marketwire - May 27, 2010) - Signature Devices, Inc. (PINKSHEETS: [ SDVI ]) in Redwood, CA announced today that it has finalized a joint venture deal with Yamani Pictures to develop and publish a video game based on the studio's feature film titled "Only the Hood Does Young." According to the terms of the agreement Yamani shall pay Signature Devices, Inc. 5 million dollars to develop the product which Graffiti Entertainment will then manufacture and distribute worldwide. Yamani will receive royalties from the game sales and stock of less than 10% in the company for the investment. Yamani will also contribute capital towards the marketing efforts of the game. The game is scheduled for release in mid 2011.

Kenneth Hurley, Chief Executive Officer of Signature Devices, Inc. stated: "I'm looking forward to this partnership with Yamani and developing and publishing this game for the Xbox 360, Playstation 3 and Nintendo Wii. I plan on using my 30+ years of experience in the video game industry to deliver a fun, exciting and high quality video game. The 5 million dollars will go a long way to helping the company's financials for 2010-2011."

Yamani Pictures
Yamani Pictures is an Independent Film Studio whose film slate consists of a diverse array of projects targeted at the key demographics within the worldwide movie going audience. Yamani's projects include animation films, action films and theatrical franchises starring A-list actors.

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. ([ 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.