The video gaming industry has gone through massive transitions over the years. The history is fraught with debate over who created the first video game and actually dates back to the 1940’s. Many who join in the debate don’t give much consideration to those days and only focus on the more modern age, but for the majority of the population not engaged in the historical details, “video games” spawns memories of “Pong” and other simplified versions of today’s games. Long gone (but, not forgotten by the older generation) are the days of ATARI or even Intellivision, as their legacy was the infancy of the high-tech gadgets that are used today by people of all ages.
Redwood City, California-based Signature Devices, Inc. and its subsidiary, Graffiti Entertainment, are publishers of diverse media products including console video games, music and film & television. Signature creates and develops social networking systems including social networking server software, social networking games and console games, which it publishes through Graffiti Entertainment, Inc.
Recently, Signature has been fast-paced with press releases reporting a string of corporate developments. Recently, Signature announced that they have signed an agreement with N3V Studios to publish their title “Turbo Trainz,” a fast paced train racing game for the Nintendo Wii™. Graffiti Entertainment is planning to release the game in early 4th quarter of 2011 in North America. This new release announcement came on the heels of press on April 12th that they had signed an agreement with N3V Studios to publish their title “Fractured Soul,” a classic platform game with a unique spin for the Nintendo DS™. Graffiti Entertainment is planning to release this game in North America in the fourth quarter as well.
Additionally, the Signature Board of Directors has approved a stock repurchase plan in which the company intends to buy back a portion of its outstanding shares from time to time up to 2.5 cents per share. This is a lofty ambition and shows the Board’s confidence as the stock is currently trading at $0.0024.
After the close yesterday, Signature and Graffiti issued an update on their Reader Rabbit Preschool and Kindergarten for Nintendo Wii™ stating that the title had gone gold. “Gone gold” means that the gold “master” CD has been delivered to manufacturing. The remaining two titles, Reader Rabbit 1st Grade and Reader Rabbit 2nd Grade for the Wii™, are awaiting approval from Nintendo Japan and should be approved shortly. The release date for the four titles is scheduled for May 17th, 2011. Commenting on the new development, Kenneth Hurley, CEO of Graffiti Entertainment, stated, “We are very happy that we are shipping these products and receiving very good initial orders for the products.”
SDVI has seen a slow and steady climb in share value over the last three months and is holding firmly in the aforementioned $0.0024 area. The news yesterday night may result in the chart hitting the radar of investors again looking for resistance at $0.0027 to fall in a quest to continue the uptrend that appears to be forming.
More information about Signature Devices, Graffiti Entertainment and their products can be found at www.graffitientertainment.com