Signature Devices Issues 2009 Revenue Guidance Estimates
21 Gennaio 2009 - 3:00PM
Marketwired
Signature Devices, Inc. (PINKSHEETS: SDVI)
(www.signaturedevices.com) and its subsidiary, Graffiti
Entertainment, Inc. (www.GraffitiEntertainment.com), are today
announcing revenue estimates for the physical year 2009.
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.
We are giving estimates to our revenue in order to keep our
shareholders informed of the business. These estimates are based on
average sales numbers for video games in the same genre and on the
same platform. For 2009, we are estimating a Gross profit of
between $1,244,145.00 - $3,028,155.00 with an EBITDA (Earnings
Before Interest, Taxes, Deductions and Amortizations) of between
$764,145.00 - $2,548,155.00.
"In estimating the revenues for 2009, we've taken a conservative
approach," stated Kenneth Hurley, CEO of Signature Devices, Inc.
and Graffiti Entertainment, Inc. "We've given a range with the low
end being the very conservative estimates and the high end being an
average sales of similar games."
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.
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