Signature Devices Inc. Appoints New CEO, Mart van der Velde, to Lead Company's Growth, Revenue and Product Plans
08 Diciembre 2011 - 2:07PM
Marketwired
Mart van der Velde has been appointed Chief Executive Officer for
Signature Devices Inc. (PINKSHEETS: SDVI) effective immediately.
Mr. van der Velde, age 47, has over 25 years of experience in the
financial industry, including being the youngest banker in the
Netherlands (at age 23, with a division of SNS bank and later he
worked for RABO bank). For the past eight years, Mr. van der Velde
was involved in mortgages, loans and the insurance industry. He
built his own company's revenues and size to 14 employees, before
leaving to seek a global business opportunity.
"With the Company's restructuring efforts completed
successfully, and a focused plan for attaining profitability and
rolling out major new products, Signature Devices is in great shape
to grow and expand its business," van der Velde said. "I am honored
to take the reins of Signature Devices with so much potential ready
to be unleashed," he added.
Mr. van der Velde has laid out a plan of action to lead
Signature Devices Interactive entertainment and simulation
software/games to attain a bigger piece of what is a $30 billion
industry worldwide. As a fully integrated developer, Signature
Devices develops its own games and develops successful games for
others.
"We are going to leverage Signature Devices status as an
Official Nintendo® licensed developer for DS™ and Wii™, an Official
Sony® licensed developer for Playstation® 3 and Playstation®
Portable, and a fully-integrated developer for XBOX360. We are
going to deliver new products that have a global appeal and expand
upon the experience we gained in developing software for leaders
like Electronic Arts, Activision, Crytek, Expresso Fitness, and SNK
Playmore," van der Velde added.
While stepping aside as CEO to allow a new managerial direction
and focus, Kenneth Hurley will play an enhanced role in Signature
Device's subsidiary Graffiti Entertainment, Inc. Mr. Hurley's
successful background in software development and publishing,
computers and 3D graphics, and involvement with the leading
technologies will be of great benefit to Graffiti and its
relationship with Signature Devices moving forward.
"Mr. Kenneth Hurley's expanded focus on our sister company
Graffiti Entertainment is exciting, and I look forward to working
closely with him in his newly expanded role in publishing software
titles," said Mr. van der Velde.
Mr. van der Velde also indicated that new product announcements
will be made prior to year end. Signature Devices' business model
enables it to profit from multiple revenue streams and bring its
own games to market faster and at less cost. The Company's game
technology and proprietary 3D software places it in an enviable
position to provide simulations for the military, industry and
governments.
About Signature Devices, Inc. and Graffiti Entertainment,
Inc.:
Based in Redwood City, Calif., Signature Devices, Inc. creates,
develops and manufactures advanced information technology,
including computer systems, software and electronics products. One
of the Company's premier technologies includes a blend of hardware
and software for image generation technology used in video games
and simulations. Signature Devices also owns Graffiti
Entertainment, Inc. (www.graffitientertainment.com), a publisher of
interactive entertainment software for advanced entertainment
consoles.
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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