Signature Devices, Inc. Board of Directors Approves Stock Buyback Plan

Marketwired

REDWOOD CITY, CA--(Marketwire - 04/14/11) - Signature Devices, Inc. (Pinksheets:SDVI - News) is today announcing that its board of directors has authorized a stock repurchase plan in which the company intends to buy back a portion of its outstanding shares from time to time up to .0025 cents per share.The buyback plan was approved because the board and management believe the stock presents an attractive investment and is extremely undervalued. Under the plan, the company will buy back shares through both public and private channels at prices believed to be appropriate and in the best interest of its shareholders. The repurchased shares will be held as treasury stock."Our current stock price isn't indicative of the value of our company, and the buyback program is a very good use of part of the company profits. At current prices, SDVI shares are trading substantially below a good valuation, based on what we are anticipating our 2011 revenues to be. This announcement illustrates our confidence in the long-term growth of the company and our commitment to returning capital to our shareholders," said Kenneth Hurley, CEO of Signature Devices, Inc.About Signature Devices, Inc.: Based in Redwood City, Calif., Signature Devices, Inc. (www.signaturedevices.com) creates and develops social networking systems including social networking server software, social networking games and console games, which it publishes through 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 law.

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