‘Shepherd’s Crossing 2 for Nintendo DSTM’ Reaches Gold Status
Graffiti Entertainment, Inc. — a subsidiary of Signature Devices, Inc. (PINKSHEETS: SDVI) — today announced that “Shepherd’s Crossing 2 for the Nintendo DS™,” the full featured and in-depth farming simulation and strategy game, has reached Gold status and will be shipping to North America on March 30, 2010. The cartridges have been ordered from Nintendo of Japan and are in the process of manufacturing. They then will be shipped from Japan to our North American and Canadian warehouses for packaging and then shipped to distributors and retailers.
Shepherd’s Crossing 2 DS is a full featured and in-depth farming simulation and strategy game. At its heart, the game is about the player living in a small town and communicating with the other villagers while raising livestock, harvesting crops, and building a farm.
“We are very happy that we are shipping products and receiving very good initial orders for the products,” said Kenneth Hurley, Signature Devices, Inc. Chief Executive Officer. “We have recently taken steps to increase our credit line and are happy to report that we were successful in obtaining a higher amount for our accounts receivable financing. We have also taken additional steps with the business so that we can avoid raising capital via our stock to fund manufacturing. Wells Fargo Business credit has agreed verbally to raise our limit to finance the game manufacturing process. AR Funding has already raised our accounts receivable financing limit. We should be signing the paperwork for the new agreement with Wells Fargo this week. We are also anticipating 2-3 other games to ship this month.”
Graffiti Entertainment, Inc. had been shipping product through Jack of All Games, Inc. which was recently purchased by Synnex Corporation. Game distribution in Canada is exclusively through Synnex and the games are being distributed and sold in WalMart, Toys R US, Best Buy, EB Games and other retailers in Canada. Shipments to the U.S. are being done through a number of distributors and Synnex is one of the distributors for Graffiti in the U.S.
For more information about Signature Devices, Graffiti Entertainment and their products, please visit www.signaturedevices.com.
