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Bullboard - Stock Discussion Forum Signature Devices Inc SDVI

Signature Devices, Inc. is a holding company with subsidiaries that develop Internet of Things (IoT) products through its subsidiary Signature Devices Technologies, Inc. The Company is engaged in the software and hardware development. It develops and manufactures devices for digital home media management under its Morpheus brand, location beacon, and IoT hardware under its Knoton brands. The... see more

GREY:SDVI - Post Discussion

Signature Devices Inc > *** SDVI NEWS OUT!!! *** SDVI TO COMMENCE A SHARE
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Post by Se7enTheHardway on Apr 15, 2011 7:46am

*** SDVI NEWS OUT!!! *** SDVI TO COMMENCE A SHARE

REDWOOD 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.
Comment by Se7enTheHardway on Apr 15, 2011 7:50am
This is a great addition to their existing portfolio, if it turns out to be as addictive as I believe it will then it will bring considerable revenues back to the company and its investors! Wii games cannot be cracked easily unlike those of PC platform means more $$$ retained by the company!!!
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