*** SDVI NEWS OUT!!! *** SDVI TO COMMENCE A SHAREREDWOOD CITY, CA, Apr 14, 2011 (MARKETWIRE via COMTEX) -- Signature
Devices, Inc. (PINKSHEETS: SDVI) 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.